JinkoSolar (NYSE:JKS) Director Sells $417,760.00 in Stock

JinkoSolar Holding Company Limited (NYSE:JKS) Director Wing Keong Siew sold 16,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $26.11, for a total transaction of $417,760.00. Following the transaction, the director owned 186,000 shares of the company’s stock, valued at $4,856,460. This represents a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

JinkoSolar Stock Performance

JKS opened at $24.82 on Friday. The firm’s fifty day simple moving average is $24.01 and its two-hundred day simple moving average is $25.77. JinkoSolar Holding Company Limited has a 52-week low of $17.53 and a 52-week high of $31.88. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -2.55 and a beta of 0.53. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share for the quarter, topping the consensus estimate of ($1.84) by $0.32. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. Equities analysts anticipate that JinkoSolar Holding Company Limited will post -2.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Daiwa Securities Group raised shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 target price on the stock in a research note on Tuesday, March 24th. Freedom Capital upgraded shares of JinkoSolar from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Zacks Research downgraded shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.13.

Hedge Funds Weigh In On JinkoSolar

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in JinkoSolar by 15.4% during the fourth quarter. Invesco Ltd. now owns 1,604,250 shares of the semiconductor company’s stock worth $41,406,000 after buying an additional 213,935 shares during the last quarter. Mackenzie Financial Corp grew its holdings in JinkoSolar by 1.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,381,478 shares of the semiconductor company’s stock valued at $36,289,000 after buying an additional 20,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of JinkoSolar by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 845,017 shares of the semiconductor company’s stock worth $21,449,000 after acquiring an additional 3,118 shares during the last quarter. State Street Corp raised its holdings in shares of JinkoSolar by 8.0% during the 4th quarter. State Street Corp now owns 735,159 shares of the semiconductor company’s stock worth $18,978,000 after acquiring an additional 54,661 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of JinkoSolar by 9,212.1% during the 4th quarter. Legal & General Group Plc now owns 499,964 shares of the semiconductor company’s stock worth $12,904,000 after acquiring an additional 494,595 shares during the period. Hedge funds and other institutional investors own 35.82% of the company’s stock.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.