JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives Average Recommendation of “Reduce” from Analysts

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has earned a consensus rating of “Reduce” from the seven research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $28.79.

Several equities research analysts recently weighed in on JKS shares. Glj Research dropped their target price on JinkoSolar from $13.08 to $10.95 and set a “sell” rating for the company in a report on Thursday, January 23rd. Daiwa Capital Markets downgraded JinkoSolar from an “underperform” rating to a “sell” rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group raised their target price on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 5th.

Institutional Investors Weigh In On JinkoSolar

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in JinkoSolar in the fourth quarter valued at $1,435,000. State Street Corp lifted its position in shares of JinkoSolar by 10.7% in the 3rd quarter. State Street Corp now owns 696,763 shares of the semiconductor company’s stock worth $18,687,000 after purchasing an additional 67,223 shares during the period. Verition Fund Management LLC bought a new stake in shares of JinkoSolar during the 3rd quarter valued at about $682,000. Geode Capital Management LLC increased its position in shares of JinkoSolar by 19.7% during the third quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company’s stock valued at $1,197,000 after buying an additional 7,333 shares during the period. Finally, Barclays PLC raised its stake in JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after buying an additional 537 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors.

JinkoSolar Stock Performance

JinkoSolar stock opened at $22.85 on Thursday. The firm has a fifty day simple moving average of $22.89 and a two-hundred day simple moving average of $22.76. JinkoSolar has a twelve month low of $16.70 and a twelve month high of $37.36. The company has a market capitalization of $1.21 billion, a PE ratio of 38.73 and a beta of 0.40. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81.

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.