Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Free Report) shot up 4.3% on Tuesday . The stock traded as high as $21.50 and last traded at $21.45. 89,257 shares traded hands during trading, a decline of 90% from the average session volume of 900,466 shares. The stock had previously closed at $20.57.
Analysts Set New Price Targets
Several research firms have recently weighed in on JKS. Roth Capital cut JinkoSolar from a “buy” rating to a “neutral” rating in a research report on Thursday, March 21st. The Goldman Sachs Group dropped their target price on JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Thursday, April 11th. Roth Mkm reiterated a “neutral” rating and set a $25.00 target price on shares of JinkoSolar in a report on Tuesday, April 30th. UBS Group dropped their target price on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Finally, StockNews.com upgraded JinkoSolar from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.60.
Read Our Latest Report on JinkoSolar
JinkoSolar Stock Up 5.6 %
JinkoSolar (NYSE:JKS – Get Free Report) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.83. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.27 billion. JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. On average, equities research analysts forecast that JinkoSolar Holding Co., Ltd. will post 4.03 earnings per share for the current fiscal year.
Institutional Trading of JinkoSolar
Several institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners bought a new stake in JinkoSolar in the first quarter valued at approximately $575,000. Tidal Investments LLC increased its stake in shares of JinkoSolar by 4.0% during the first quarter. Tidal Investments LLC now owns 21,629 shares of the semiconductor company’s stock worth $545,000 after purchasing an additional 825 shares during the period. Vanguard Group Inc. increased its stake in shares of JinkoSolar by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,591,101 shares of the semiconductor company’s stock worth $40,080,000 after purchasing an additional 14,491 shares during the period. Banco BTG Pactual S.A. bought a new position in shares of JinkoSolar during the first quarter worth approximately $207,000. Finally, GSA Capital Partners LLP increased its stake in shares of JinkoSolar by 372.9% during the first quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock worth $1,948,000 after purchasing an additional 60,992 shares during the period. Institutional investors own 35.82% of the company’s stock.
JinkoSolar Company Profile
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.
See Also
- Five stocks we like better than JinkoSolar
- What is a Death Cross in Stocks?
- AbbVie Stock: A Perfect Dip for Investors to Buy
- How to Use Stock Screeners to Find Stocks
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- GitLab Stock Rebounds: The Inside Story of Its Comeback
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.