JinkoSolar Holding Co. (JKS) Shares Down 4.4%
JinkoSolar Holding Co. (NYSE:JKS)’s share price traded down 4.4% during trading on Thursday . The company traded as low as $18.55 and last traded at $19.28, with a volume of 760,964 shares. The stock had previously closed at $20.17.
A number of equities analysts have commented on the stock. Roth Capital reiterated a “neutral” rating and issued a $18.00 target price on shares of JinkoSolar Holding in a report on Friday. Zacks Investment Research downgraded shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a report on Monday, June 20th. Morgan Stanley set a $27.20 price target on JinkoSolar Holding and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. upgraded JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 9th. Finally, Credit Suisse Group AG dropped their price target on JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $29.28.
The company’s 50 day moving average price is $19.06 and its 200 day moving average price is $20.77. The stock has a market cap of $596.07 million and a PE ratio of 4.27.
JinkoSolar Holding (NYSE:JKS) last posted its quarterly earnings results on Friday, May 27th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.85. The company earned $847.80 million during the quarter. During the same quarter in the prior year, the company earned $0.88 earnings per share. JinkoSolar Holding’s quarterly revenue was up 91.2% compared to the same quarter last year. Equities research analysts expect that JinkoSolar Holding Co. will post $4.45 EPS for the current 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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