JinkoSolar Holding Company Limited (NYSE:JKS) was down 5.5% during trading on Tuesday . The company traded as low as $26.79 and last traded at $26.95. Approximately 1,796,959 shares changed hands during trading, an increase of 64% from the average daily volume of 1,095,960 shares. The stock had previously closed at $28.52.

A number of equities research analysts have commented on JKS shares. ValuEngine raised JinkoSolar Holding Company Limited from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research raised JinkoSolar Holding Company Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. 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. cut JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and decreased their price target for the company from $15.55 to $15.00 in a report on Friday, May 26th. Finally, Morgan Stanley cut JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $19.40 to $16.00 in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.00.

The firm’s 50-day moving average price is $26.69 and its 200 day moving average price is $20.09. The stock has a market capitalization of $862.32 million, a PE ratio of 3.67 and a beta of 1.96.

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 for the quarter, missing the consensus estimate of $0.48 by $0.20. JinkoSolar Holding Company Limited had a return on equity of 12.53% and a net margin of 6.92%. The company had revenue of $839.30 million for the quarter, compared to analyst estimates of $780.08 million. During the same quarter last year, the company earned $1.72 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts forecast that JinkoSolar Holding Company Limited will post $1.53 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in JinkoSolar Holding Company Limited by 17.3% during the 1st quarter. SG Americas Securities LLC now owns 11,500 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 1,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in JinkoSolar Holding Company Limited by 7.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,794 shares of the semiconductor company’s stock valued at $195,000 after acquiring an additional 779 shares in the last quarter. KBC Group NV grew its stake in JinkoSolar Holding Company Limited by 34.6% during the 1st quarter. KBC Group NV now owns 11,864 shares of the semiconductor company’s stock valued at $197,000 after acquiring an additional 3,050 shares in the last quarter. Aperio Group LLC purchased a new stake in JinkoSolar Holding Company Limited during the 2nd quarter valued at about $205,000. Finally, Granite Point Capital Management L.P. purchased a new stake in JinkoSolar Holding Company Limited during the 2nd quarter valued at about $208,000. 21.28% of the stock is owned by institutional investors.

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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.

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