JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $31.33 Average PT from Analysts

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have been assigned a consensus recommendation of “Reduce” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $31.33.

Several equities research analysts have issued reports on the company. Daiwa Capital Markets cut shares of JinkoSolar from an “underperform” rating to a “sell” rating in a research note on Friday, January 10th. Jefferies Financial Group lifted their price objective on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 5th.

Institutional Trading of JinkoSolar

Several large investors have recently bought and sold shares of the company. Barclays PLC lifted its position in JinkoSolar by 30.2% during the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 537 shares during the period. Signaturefd LLC boosted its stake in JinkoSolar by 108.0% during the third quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 647 shares in the last quarter. Profund Advisors LLC increased its stake in shares of JinkoSolar by 8.5% during the second quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 960 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of JinkoSolar by 15.8% during the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Green Alpha Advisors LLC grew its stake in shares of JinkoSolar by 2.1% in the 3rd quarter. Green Alpha Advisors LLC now owns 71,548 shares of the semiconductor company’s stock worth $1,919,000 after buying an additional 1,497 shares during the last quarter. 35.82% of the stock is owned by institutional investors.

JinkoSolar Trading Down 4.2 %

Shares of JKS stock opened at $20.34 on Wednesday. The business’s fifty day moving average is $24.50 and its 200 day moving average is $22.55. JinkoSolar has a 52-week low of $16.70 and a 52-week high of $37.36. The company has a market capitalization of $1.08 billion, a PE ratio of 34.48 and a beta of 0.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22.

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.