JinkoSolar Holding Co. (JKS) Sees Strong Trading Volume
JinkoSolar Holding Co. (NYSE:JKS) saw strong trading volume on Monday . 428,792 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 426,107 shares.The stock last traded at $18.76 and had previously closed at $18.40.
Several research firms have recently weighed in on JKS. Zacks Investment Research cut shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a report on Monday, June 20th. 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. Credit Suisse Group AG decreased their price objective on shares of JinkoSolar Holding from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 21st. Finally, JPMorgan Chase & Co. raised shares of JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.10.
The company’s 50 day moving average price is $20.35 and its 200 day moving average price is $21.17. The firm has a market capitalization of $587.60 million and a price-to-earnings ratio of 4.26.
JinkoSolar Holding (NYSE:JKS) last posted its earnings results on Friday, May 27th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.85. The business had revenue of $847.80 million for the quarter. During the same quarter last year, the business earned $0.88 earnings per share. The business’s revenue for the quarter was up 91.2% on a year-over-year basis. Equities analysts predict that JinkoSolar Holding Co. will post $4.55 EPS for the current year.
Other hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its stake in JinkoSolar Holding by 313.5% in the fourth quarter. GSA Capital Partners LLP now owns 127,359 shares of the company’s stock worth $3,524,000 after buying an additional 96,559 shares in the last quarter. Russell Frank Co boosted its stake in JinkoSolar Holding by 1,495.2% in the fourth quarter. Russell Frank Co now owns 98,900 shares of the company’s stock worth $2,751,000 after buying an additional 92,700 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted 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 worth $1,617,000 after buying an additional 4,479 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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