JinkoSolar (NYSE:JKS) Trading Up 6.7%

JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares were up 6.7% during trading on Tuesday . The company traded as high as $23.38 and last traded at $23.29. Approximately 409,386 shares traded hands during trading, a decline of 56% from the average daily volume of 928,816 shares. The stock had previously closed at $21.82.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Roth Mkm reaffirmed a “neutral” rating and set a $25.00 price objective (down from $50.00) on shares of JinkoSolar in a report on Thursday, March 21st. StockNews.com downgraded shares of JinkoSolar from a “hold” rating to a “sell” rating in a report on Thursday. HSBC reaffirmed a “hold” rating and set a $30.00 price objective on shares of JinkoSolar in a report on Monday, February 5th. The Goldman Sachs Group lowered their price target on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Thursday, April 11th. Finally, Roth Capital downgraded shares of JinkoSolar from a “buy” rating to a “neutral” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.60.

JinkoSolar Price Performance

The company has a quick ratio of 0.81, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The business’s 50-day simple moving average is $25.04 and its 200-day simple moving average is $29.15. The stock has a market cap of $1.21 billion, a PE ratio of 2.94 and a beta of 0.37.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($1.11). JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. The company had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.08 billion. On average, research analysts expect that JinkoSolar Holding Co., Ltd. will post 5.27 EPS for the current fiscal year.

Institutional Investors Weigh In On JinkoSolar

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in shares of JinkoSolar in the third quarter worth approximately $31,000. Signaturefd LLC lifted its stake in shares of JinkoSolar by 202.1% in the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after buying an additional 673 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in shares of JinkoSolar by 280.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,450 shares of the semiconductor company’s stock worth $44,000 after buying an additional 1,069 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of JinkoSolar by 109.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,215 shares of the semiconductor company’s stock worth $94,000 after buying an additional 1,678 shares in the last quarter. Finally, Barometer Capital Management Inc. bought a new position in shares of JinkoSolar in the fourth quarter worth approximately $126,000. Hedge funds and other institutional investors own 35.82% of the company’s stock.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; and develops commercial solar power projects.