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 research analysts have also commented on JKS.
Analysts on average have given a price target of $17.35 to JinkoSolar Holding Co., Ltd. (JKS) stock. Morgan Stanley cut JinkoSolar Holding Company Limited from an "overweight" rating to an "underweight" rating and reduced their price target for the stock from $19.40 to $16.00 in a report on Friday, May 26th. Citigroup Inc. downgraded JinkoSolar Holding Company Limited from a neutral rating to a sell rating and lowered their price target for the company from $15.55 to $15.00 in a report on Friday, May 26th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. JinkoSolar Holding Company Limited presently has a consensus rating of "Hold" and an average price target of $21.00.
Company chares are trading at $17.37 which is just under $17.79, the 50 day moving average and a tad higher than the 200 day moving average of $16.30. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.
JinkoSolar Holding Co., Ltd. (JKS) now has a Return on Assets (ROA) value of 6.1 Percent. (NYSE:JKS) last posted its quarterly earnings data on Monday, June 5th.
Shares of the company have shown an EPS growth of -24.30% in the last 5 years. The firm had revenue of $839.30 million during the quarter, compared to analyst estimates of $780.08 million.
JinkoSolar Holding Co., Ltd. (JKS) observed trading -4.86% away from the 20-day moving average and -0.72% off from its 50-day simple moving average. JinkoSolar Holding Co., Ltd. (JKS) shares have moved -7.51% in the week and -1.42% in the month. During the same quarter in the previous year, the business posted $1.72 EPS. On average, analysts anticipate that JinkoSolar Holding Company Limited will post $2.47 earnings per share for the current year. If you are viewing this article on another website, it was copied illegally and reposted in violation of USA & worldwide trademark and copyright legislation.
A number of large investors have recently modified their holdings of the stock. Finally, FNY Partners Fund LP boosted its stake in JinkoSolar Holding Co.by 1,180.0% in the first quarter. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. Guinness Asset Management Ltd raised its stake in JinkoSolar Holding Company Limited by 5.5% in the first quarter. For the last quarter, the stock has performed -4.97%. State Street Corp increased its stake in shares of JinkoSolar Holding Company Limited by 12.5% in the fourth 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 during the period. The stock closed the most recent session at $17.37 after seeing 1234377 shares trade hands. Institutional investors own 21.56% of the company's stock.
The Japanese subsidiary of leading "Silicon Module Super League" (SMSL) member JinkoSolar has signed a cooperation agreement with Japanese EPC Quantum Power GK for 187MW of solar PV module supply. The Business's segments are the manufacturing segment and the solar power projects segment.