JinkoSolar Holding Company Limited (JKS) – What Are Brokerages Thinking About This Stock?

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.88.

Several equities research analysts have recently weighed in on the company. Roth Capital decreased their price target on JinkoSolar from $25.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, August 27th. Freedom Broker lowered shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Zacks Research cut shares of JinkoSolar from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JinkoSolar in a research note on Monday, August 3rd. Finally, Wall Street Zen lowered shares of JinkoSolar from a “sell” rating to a “strong sell” rating in a report on Saturday.

JinkoSolar Price Performance

Shares of NYSE JKS opened at $8.88 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.84 and a current ratio of 1.13. JinkoSolar has a fifty-two week low of $8.44 and a fifty-two week high of $31.88. The stock has a market cap of $465.26 million, a PE ratio of -0.95 and a beta of 0.52. The stock has a fifty day moving average of $12.71 and a 200-day moving average of $17.82.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported ($2.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.75) by ($1.78). JinkoSolar had a negative return on equity of 10.03% and a negative net margin of 5.85%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Equities research analysts anticipate that JinkoSolar will post -5.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in JinkoSolar by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 845,017 shares of the semiconductor company’s stock worth $21,449,000 after purchasing an additional 3,118 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of JinkoSolar by 355.9% in the 1st quarter. Hsbc Holdings PLC now owns 189,569 shares of the semiconductor company’s stock worth $4,817,000 after purchasing an additional 147,992 shares in the last quarter. Capital Wealth Planning LLC purchased a new position in shares of JinkoSolar in the 4th quarter worth about $3,299,000. Himension Capital Singapore PTE. LTD. increased its position in shares of JinkoSolar by 5.1% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 82,319 shares of the semiconductor company’s stock valued at $2,092,000 after purchasing an additional 3,961 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of JinkoSolar by 96.2% during the 1st quarter. Renaissance Technologies LLC now owns 82,200 shares of the semiconductor company’s stock valued at $2,089,000 after purchasing an additional 40,300 shares during the last quarter. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. is a global solar photovoltaic (PV) manufacturer that develops, produces and sells solar products for utility-scale, commercial, industrial and residential applications. The company’s product portfolio includes silicon wafers, solar cells, PV modules and related energy-storage solutions.

JinkoSolar is known for its n-type TOPCon-based Tiger Neo module series, which is designed to deliver high power output and efficiency. Its products are used in ground-mounted solar power plants as well as distributed-generation systems installed on commercial, industrial and residential properties.

Founded in 2006, JinkoSolar serves customers in China and international markets across Asia-Pacific, Europe, the Middle East, Africa and the Americas.