JinkoSolar Holding Co. (JKS) Sees Strong Trading Volume
Shares of JinkoSolar Holding Co. (NYSE:JKS) saw unusually-strong trading volume on Wednesday . Approximately 383,049 shares were traded during trading, an increase of 1% from the previous session’s volume of 378,357 shares.The stock last traded at $20.50 and had previously closed at $20.81.
Several research analysts have weighed in on JKS shares. JPMorgan Chase & Co. upgraded JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a report on Thursday, June 9th. Roth Capital lowered JinkoSolar Holding from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $18.00 to $30.00 in a report on Friday, August 5th. Zacks Investment Research lowered JinkoSolar Holding from a “hold” rating to a “sell” rating in a report on Monday, June 20th. Credit Suisse Group AG reduced their target price on JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, August 18th. Finally, Morgan Stanley set a $27.20 target price on JinkoSolar Holding and gave the stock a “buy” rating in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. JinkoSolar Holding has an average rating of “Buy” and a consensus price target of $31.28.
The stock has a market cap of $613.64 million and a PE ratio of 4.40. The stock’s 50 day moving average is $19.08 and its 200-day moving average is $20.76.
JinkoSolar Holding (NYSE:JKS) last announced its quarterly earnings results on Friday, May 27th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.85. The company had revenue of $847.80 million for the quarter. During the same period in the previous year, the business earned $0.88 EPS. The business’s quarterly revenue was up 91.2% on a year-over-year basis. On average, analysts forecast 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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