Roth Capital Has Bearish Estimate for JinkoSolar Q4 Earnings

JinkoSolar Holding Co., Ltd. (NYSE:JKS) – Roth Capital decreased their Q4 2024 earnings per share (EPS) estimates for shares of JinkoSolar in a research report issued to clients and investors on Wednesday, October 30th. Roth Capital analyst P. Shen now anticipates that the semiconductor company will earn ($0.46) per share for the quarter, down from their prior forecast of $0.84. The consensus estimate for JinkoSolar’s current full-year earnings is ($0.42) per share. Roth Capital also issued estimates for JinkoSolar’s Q1 2025 earnings at ($0.87) EPS, Q2 2025 earnings at ($0.22) EPS, FY2025 earnings at $1.28 EPS, Q1 2026 earnings at $0.05 EPS, Q3 2026 earnings at $1.56 EPS and FY2026 earnings at $5.12 EPS.

A number of other analysts have also commented on JKS. Roth Mkm cut their price target on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. StockNews.com upgraded JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Finally, The Goldman Sachs Group decreased their price objective on JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $24.60.

JinkoSolar Stock Performance

NYSE:JKS opened at $27.37 on Monday. The stock’s 50-day simple moving average is $21.79 and its 200 day simple moving average is $22.58. The firm has a market capitalization of $1.45 billion, a PE ratio of 46.39 and a beta of 0.44. The company has a quick ratio of 0.79, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. JinkoSolar has a twelve month low of $16.70 and a twelve month high of $38.65.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Friday, August 30th. The semiconductor company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.92. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.85 billion.

Institutional Investors Weigh In On JinkoSolar

Institutional investors have recently bought and sold shares of the stock. Decade Renewable Partners LP bought a new stake in shares of JinkoSolar in the 2nd quarter worth $4,272,000. Millennium Management LLC lifted its position in JinkoSolar by 2,305.1% during the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company’s stock valued at $3,500,000 after purchasing an additional 161,888 shares in the last quarter. Marshall Wace LLP lifted its position in JinkoSolar by 49.5% during the second quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock valued at $9,277,000 after purchasing an additional 148,268 shares in the last quarter. Point72 Europe London LLP purchased a new position in shares of JinkoSolar in the second quarter valued at about $3,023,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of JinkoSolar by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company’s stock valued at $20,357,000 after acquiring an additional 74,219 shares in the last quarter. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

About JinkoSolar

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.