JinkoSolar (NYSE:JKS) Lowered to Sell at StockNews.com

StockNews.com downgraded shares of JinkoSolar (NYSE:JKS) from a hold rating to a sell rating in a report published on Wednesday.

Other analysts also recently issued reports about the company. UBS Group decreased their price target on JinkoSolar from $31.00 to $30.00 and set a neutral rating for the company in a report on Thursday, March 21st. Roth Mkm restated a neutral rating and issued a $25.00 target price (down from $50.00) on shares of JinkoSolar in a research note on Thursday, March 21st. The Goldman Sachs Group reduced their target price on JinkoSolar from $26.00 to $23.00 and set a sell rating for the company in a research note on Thursday, April 11th. HSBC restated a hold rating and issued a $30.00 target price on shares of JinkoSolar in a research note on Monday, February 5th. Finally, Daiwa Capital Markets downgraded JinkoSolar from an outperform rating to a neutral rating and set a $25.00 target price for the company. in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $26.60.

JinkoSolar Stock Down 3.6 %

Shares of JKS opened at $21.69 on Wednesday. JinkoSolar has a 52 week low of $21.25 and a 52 week high of $50.60. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 2.76 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.04. The stock has a fifty day moving average of $25.54 and a 200-day moving average of $29.41.

JinkoSolar (NYSE:JKS) last announced its 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). The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.08 billion. JinkoSolar had a return on equity of 11.85% and a net margin of 2.89%. As a group, sell-side analysts anticipate that JinkoSolar will post 5.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Green Alpha Advisors LLC increased its stake in JinkoSolar by 21.9% in the first quarter. Green Alpha Advisors LLC now owns 75,993 shares of the semiconductor company’s stock valued at $1,914,000 after acquiring an additional 13,674 shares during the last quarter. Vanguard Group Inc. increased its stake in JinkoSolar by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,576,610 shares of the semiconductor company’s stock valued at $58,240,000 after acquiring an additional 22,254 shares during the last quarter. Virtus Investment Advisers Inc. bought a new position in JinkoSolar in the fourth quarter valued at $1,108,000. Barclays PLC increased its stake in JinkoSolar by 126.7% in the fourth quarter. Barclays PLC now owns 149,506 shares of the semiconductor company’s stock valued at $5,523,000 after acquiring an additional 83,550 shares during the last quarter. Finally, Vienna Asset Management LLC bought a new position in JinkoSolar in the fourth quarter valued at $268,000. Institutional investors own 35.82% of the company’s stock.

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; and develops commercial solar power projects.