JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives Average Rating of “Reduce” from Analysts

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has received a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $31.33.

Several brokerages recently weighed in on JKS. Daiwa Capital Markets lowered shares of JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Jefferies Financial Group increased their price target on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 5th.

Institutional Investors Weigh In On JinkoSolar

Several large investors have recently modified their holdings of JKS. SG Americas Securities LLC acquired a new position in shares of JinkoSolar during the fourth quarter worth about $1,435,000. Green Alpha Advisors LLC lifted its stake in shares of JinkoSolar by 15.4% during the 4th quarter. Green Alpha Advisors LLC now owns 82,531 shares of the semiconductor company’s stock worth $2,055,000 after buying an additional 10,983 shares during the last quarter. Barclays PLC boosted its holdings in shares of JinkoSolar by 30.2% during the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 537 shares during the period. Geode Capital Management LLC grew its position in shares of JinkoSolar by 19.7% in the third quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company’s stock valued at $1,197,000 after purchasing an additional 7,333 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in JinkoSolar in the 3rd quarter valued at $928,000. 35.82% of the stock is currently owned by institutional investors.

JinkoSolar Price Performance

JinkoSolar stock opened at $21.29 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. JinkoSolar has a 12-month low of $16.70 and a 12-month high of $37.36. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 36.09 and a beta of 0.30. The business’s 50-day simple moving average is $24.54 and its 200 day simple moving average is $22.56.

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.