JinkoSolar Holding Co. (JKS) Sees Large Volume Increase
JinkoSolar Holding Co. (NYSE:JKS) saw unusually-high trading volume on Monday . Approximately 428,792 shares traded hands during 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.
JKS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 9th. Roth Capital reissued a “buy” rating and set a $30.00 target price (down from $35.00) on shares of JinkoSolar Holding in a research note on Sunday, June 5th. Finally, Zacks Investment Research lowered shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a research note on Monday, June 20th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. JinkoSolar Holding currently has a consensus rating of “Buy” and an average target price of $34.10.
The firm has a market capitalization of $591.05 million and a P/E ratio of 4.28. The firm has a 50 day moving average price of $20.29 and a 200-day moving average price of $21.15.
JinkoSolar Holding (NYSE:JKS) last announced its quarterly earnings data on Friday, May 27th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.85. The firm earned $847.80 million during the quarter. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 91.2% compared to the same quarter last year. On average, equities research analysts anticipate that JinkoSolar Holding Co. will post $4.55 EPS for the current year.
Several hedge funds recently modified their holdings of JKS. Russell Frank Co increased its stake 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 worth $2,751,000 after buying an additional 92,700 shares during the period. GSA Capital Partners LLP increased its stake 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 worth $3,524,000 after buying an additional 96,559 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of 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 during the period.
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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