StockNews.com upgraded shares of JinkoSolar (NYSE:JKS – Free Report) from a sell rating to a hold rating in a research note released on Wednesday morning.
A number of other research firms have also weighed in on JKS. The Goldman Sachs Group dropped their price objective on JinkoSolar from $21.00 to $18.00 and set a sell rating for the company in a research note on Tuesday, September 3rd. Roth Mkm cut their price target on shares of JinkoSolar from $25.00 to $20.00 and set a neutral rating on the stock in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $24.60.
Check Out Our Latest Research Report on JKS
JinkoSolar Trading Down 0.9 %
JinkoSolar Announces Dividend
The business also recently declared a Variable dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $1.50 dividend. This represents a yield of 15.6%. The ex-dividend date was Thursday, August 15th. JinkoSolar’s dividend payout ratio (DPR) is currently 46.18%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC boosted its stake in shares of JinkoSolar by 607.7% during the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 3,476 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in JinkoSolar during the 4th quarter valued at approximately $126,000. Daiwa Securities Group Inc. boosted its position in JinkoSolar by 117.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 4,100 shares in the last quarter. Banco BTG Pactual S.A. purchased a new position in shares of JinkoSolar during the 1st quarter worth approximately $207,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of JinkoSolar by 43.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,659 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 3,521 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors.
About JinkoSolar
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.
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