JinkoSolar Holding Co. (JKS) Shares Up 4.6%
Shares of JinkoSolar Holding Co. (NYSE:JKS) shot up 4.6% during trading on Tuesday . The company traded as high as $20.97 and last traded at $20.93, with a volume of 461,498 shares. The stock had previously closed at $20.01.
A number of research firms have commented on JKS. Zacks Investment Research raised JinkoSolar Holding from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. 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. Credit Suisse Group AG reduced their target price on JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, August 18th. Roth Capital reissued a “buy” rating and issued a $30.00 target price (down previously from $35.00) on shares of JinkoSolar Holding in a report on Sunday, June 5th. Finally, JPMorgan Chase & Co. raised JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a report on Thursday, June 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.28.
The company has a 50 day moving average of $19.07 and a 200 day moving average of $20.78. The stock has a market capitalization of $652.85 million and a P/E ratio of 4.70.
JinkoSolar Holding (NYSE:JKS) last posted its earnings results on Friday, May 27th. The company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.85. During the same period in the prior year, the company posted $0.88 EPS. The company had revenue of $847.80 million for the quarter. The firm’s revenue for the quarter was up 91.2% compared to the same quarter last year. On average, equities research analysts forecast that JinkoSolar Holding Co. will post $4.38 EPS 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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