JinkoSolar Holding Co. (JKS) Shares Down 1.6%
JinkoSolar Holding Co. (NYSE:JKS)’s share price fell 1.6% on Wednesday . The stock traded as low as $19.62 and last traded at $20.09, with a volume of 333,639 shares changing hands. The stock had previously closed at $20.42.
Several brokerages have weighed in on JKS. Roth Capital reissued a “buy” rating and set a $30.00 price objective (down from $35.00) on shares of JinkoSolar Holding in a report on Sunday, June 5th. Zacks Investment Research lowered JinkoSolar Holding from a “hold” rating to a “sell” rating in a report on Monday, June 20th. JPMorgan Chase & Co. raised JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a report on Thursday, June 9th. Finally, Credit Suisse Group AG reduced their price objective on JinkoSolar Holding from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 21st. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $33.42.
The stock’s 50 day moving average is $21.02 and its 200-day moving average is $21.69. The firm has a market capitalization of $627.44 million and a P/E ratio of 4.53.
JinkoSolar Holding (NYSE:JKS) last posted its quarterly earnings data on Friday, May 27th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $0.86 by $0.85. During the same period last year, the business earned $0.88 EPS. The company earned $847.80 million during the quarter. JinkoSolar Holding’s quarterly revenue was up 91.2% compared to the same quarter last year. On average, equities research analysts expect that JinkoSolar Holding Co. will post $4.58 EPS for the current fiscal year.
Several large investors recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in JinkoSolar Holding by 8.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 58,446 shares of the company’s stock valued at $1,617,000 after buying an additional 4,479 shares during the period. Russell Frank Co increased its position in shares of JinkoSolar Holding by 1,495.2% in the fourth quarter. Russell Frank Co now owns 98,900 shares of the company’s stock valued at $2,751,000 after buying an additional 92,700 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of JinkoSolar Holding by 313.5% in the fourth quarter. GSA Capital Partners LLP now owns 127,359 shares of the company’s stock valued at $3,524,000 after buying an additional 96,559 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of JinkoSolar Holding by 577.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 173,256 shares of the company’s stock valued at $4,794,000 after buying an additional 147,676 shares in the last quarter. Finally, Oceanic Investment Management LTD increased its position in shares of JinkoSolar Holding by 106.4% in the fourth quarter. Oceanic Investment Management LTD now owns 1,287,926 shares of the company’s stock valued at $35,637,000 after buying an additional 663,946 shares in the last quarter.
JinkoSolar Holding Co, Ltd. is a holding company. The Company is a provider of solutions in the photovoltaic (PV) industry-based in Jiangxi and Zhejiang Provinces in China. The Company recovers silicon materials, manufactures solar modules and generates solar power. The Company’s products include recovered silicon materials (metric tons), silicon ingots, silicon wafers, solar cells and solar modules, and its services consist of solar system engineering, procurement and construction (EPC), processing services and electricity generation.
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