JinkoSolar (JKS) Shares Up 5.1%

Share on StockTwits

JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares shot up 5.1% during trading on Thursday . The company traded as high as $9.34 and last traded at $9.08. 539,146 shares were traded during trading, a decline of 14% from the average session volume of 626,289 shares. The stock had previously closed at $8.64.

A number of research firms have recently issued reports on JKS. UBS Group lowered their price objective on JinkoSolar from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Zacks Investment Research upgraded JinkoSolar from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Citigroup upgraded JinkoSolar from a “sell” rating to a “neutral” rating in a research report on Tuesday, August 14th. Finally, Roth Capital set a $14.00 price objective on JinkoSolar and gave the company a “hold” rating in a research report on Monday, August 13th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.20.

The stock has a market cap of $254.77 million, a PE ratio of 13.35, a P/E/G ratio of 0.38 and a beta of 1.67. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.21.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings results on Monday, August 13th. The semiconductor company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). JinkoSolar had a net margin of 0.58% and a return on equity of 1.89%. The company had revenue of $915.91 million during the quarter, compared to the consensus estimate of $909.54 million. During the same quarter last year, the company earned $0.28 earnings per share. The business’s revenue was down 21.6% on a year-over-year basis. Equities analysts forecast that JinkoSolar Holding Co., Ltd. will post 2.34 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in JKS. Mackenzie Financial Corp bought a new stake in JinkoSolar in the third quarter valued at $165,000. Jane Street Group LLC acquired a new position in JinkoSolar in the third quarter worth $176,000. Aperio Group LLC acquired a new position in JinkoSolar in the second quarter worth $276,000. Guinness Atkinson Asset Management Inc boosted its stake in JinkoSolar by 35.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 26,900 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 7,100 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in JinkoSolar by 90.1% in the second quarter. BNP Paribas Arbitrage SA now owns 21,792 shares of the semiconductor company’s stock worth $300,000 after purchasing an additional 10,328 shares in the last quarter. Hedge funds and other institutional investors own 24.67% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://weekherald.com/2018/11/15/jinkosolar-jks-shares-up-5-1.html.

JinkoSolar Company Profile (NYSE:JKS)

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

See Also: Insider Trading

Receive News & Ratings for JinkoSolar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply