JinkoSolar Holding Co. (JKS) Stock Price Up 4.6%
JinkoSolar Holding Co. (NYSE:JKS)’s share price rose 4.6% during mid-day trading on Tuesday . The stock traded as high as $20.97 and last traded at $20.93, with a volume of 461,498 shares changing hands. The stock had previously closed at $20.01.
JKS has been the topic of several research reports. Zacks Investment Research raised JinkoSolar Holding from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Roth Capital downgraded JinkoSolar Holding from a “buy” rating to a “neutral” rating and upped their target price for the company from $18.00 to $30.00 in a research report on Friday, August 5th. JPMorgan Chase & Co. raised JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 9th. Credit Suisse Group AG cut their price target on JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, August 18th. Finally, Morgan Stanley set a $27.20 price target on JinkoSolar Holding and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.28.
The firm has a market cap of $632.77 million and a PE ratio of 4.56. The company’s 50 day moving average price is $19.11 and its 200-day moving average price is $20.78.
JinkoSolar Holding (NYSE:JKS) last released its quarterly earnings data on Friday, May 27th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.85. The firm had revenue of $847.80 million for the quarter. During the same period in the prior year, the business posted $0.88 earnings per share. The company’s revenue was up 91.2% on a year-over-year basis. On average, equities analysts predict that JinkoSolar Holding Co. will post $4.45 earnings per share for the current fiscal year.
JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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