JinkoSolar Holding Company Limited (NYSE:JKS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “JinkoSolar Holding Co., Ltd. is a solar product manufacturer with operations based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar’s principal products are silicon wafers, solar cells and solar modules which are all along the photovoltaic value chain, with a global network spanning across Europe, North America and Asia. “

Several other analysts have also issued reports on the company. Axiom Securities reissued a “buy” rating on shares of JinkoSolar Holding Company Limited in a report on Saturday, July 22nd. Credit Suisse Group set a $20.00 price target on JinkoSolar Holding Company Limited and gave the company a “buy” rating in a report on Tuesday, June 6th. Citigroup Inc. lowered JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and cut their price target for the company from $15.55 to $15.00 in a report on Friday, May 26th. Finally, Morgan Stanley lowered JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and cut their price target for the company from $19.40 to $16.00 in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.00.

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) opened at 29.02 on Tuesday. The stock’s 50 day moving average price is $22.45 and its 200 day moving average price is $18.16. The company has a market capitalization of $928.55 million, a PE ratio of 4.00 and a beta of 2.04. JinkoSolar Holding Company Limited has a 12-month low of $12.72 and a 12-month high of $29.10.

JinkoSolar Holding Company Limited (NYSE:JKS) last released its quarterly earnings results on Monday, June 5th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.20. JinkoSolar Holding Company Limited had a net margin of 6.92% and a return on equity of 12.53%. The company had revenue of $839.30 million for the quarter, compared to the consensus estimate of $780.08 million. During the same period in the prior year, the firm posted $1.72 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts forecast that JinkoSolar Holding Company Limited will post $1.52 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in JKS. Aperio Group LLC acquired a new position in JinkoSolar Holding Company Limited during the second quarter worth $205,000. SG Americas Securities LLC raised its position in JinkoSolar Holding Company Limited by 17.3% in the first quarter. SG Americas Securities LLC now owns 11,500 shares of the semiconductor company’s stock worth $191,000 after buying an additional 1,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in JinkoSolar Holding Company Limited by 7.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,794 shares of the semiconductor company’s stock worth $195,000 after buying an additional 779 shares during the period. KBC Group NV raised its position in JinkoSolar Holding Company Limited by 34.6% in the first quarter. KBC Group NV now owns 11,864 shares of the semiconductor company’s stock worth $197,000 after buying an additional 3,050 shares during the period. Finally, FNY Partners Fund LP raised its position in JinkoSolar Holding Company Limited by 1,180.0% in the first quarter. FNY Partners Fund LP now owns 12,800 shares of the semiconductor company’s stock worth $212,000 after buying an additional 11,800 shares during the period. 23.02% of the stock is owned by hedge funds and other institutional investors.

JinkoSolar Holding Company Limited Company Profile

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.

Analyst Recommendations for JinkoSolar Holding Company Limited (NYSE:JKS)

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