JinkoSolar Holding Company Limited (NYSE:JKS) shot up 3.4% during trading on Friday . The company traded as high as $28.89 and last traded at $27.83. 1,559,559 shares changed hands during trading, an increase of 38% from the average session volume of 1,126,320 shares. The stock had previously closed at $28.82.

A number of brokerages have commented on JKS. Axiom Securities reiterated a “buy” rating on shares of JinkoSolar Holding Company Limited in a report on Saturday, July 22nd. Credit Suisse Group set a $20.00 target price on JinkoSolar Holding Company Limited and gave the company a “buy” rating in a report on Tuesday, June 6th. Zacks Investment Research upgraded JinkoSolar Holding Company Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. Morgan Stanley cut JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $19.40 to $16.00 in a report on Friday, May 26th. Finally, Citigroup Inc. cut JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and lowered their target price for the company from $15.55 to $15.00 in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. JinkoSolar Holding Company Limited has a consensus rating of “Hold” and a consensus target price of $21.00.

The company’s 50 day moving average price is $26.85 and its 200 day moving average price is $20.28. The company has a market cap of $905.20 million, a PE ratio of 3.85 and a beta of 1.96.

JinkoSolar Holding Company Limited (NYSE:JKS) last posted its quarterly earnings results on Wednesday, September 6th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.49. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $998.22 million. JinkoSolar Holding Company Limited had a net margin of 5.42% and a return on equity of 8.08%. JinkoSolar Holding Company Limited’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 EPS. On average, equities analysts forecast that JinkoSolar Holding Company Limited will post $1.54 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in shares of 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 valued at $191,000 after buying an additional 1,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 valued at $195,000 after buying an additional 779 shares in the last quarter. KBC Group NV increased its holdings in shares of 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 valued at $197,000 after buying an additional 3,050 shares in the last quarter. Aperio Group LLC bought a new position in shares of JinkoSolar Holding Company Limited in the second quarter valued at $205,000. Finally, Granite Point Capital Management L.P. bought a new position in shares of JinkoSolar Holding Company Limited in the second quarter valued at $208,000. 21.28% of the stock is currently owned by institutional investors.

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About JinkoSolar Holding Company Limited

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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