JinkoSolar Holding Company Limited (NYSE:JKS) Given Consensus Recommendation of “Strong Sell” by Brokerages

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have been given a consensus rating of “Strong Sell” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $19.4875.

JKS has been the subject of several research analyst reports. Wall Street Zen downgraded shares of JinkoSolar from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. UBS Group reissued a “neutral” rating on shares of JinkoSolar in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JinkoSolar in a research note on Wednesday, December 24th. Roth Capital boosted their target price on JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Finally, The Goldman Sachs Group increased their target price on shares of JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Wednesday, November 19th.

JinkoSolar Stock Down 1.3%

JKS stock opened at $28.10 on Friday. JinkoSolar has a 52 week low of $13.42 and a 52 week high of $31.88. The business has a 50-day simple moving average of $26.55 and a 200 day simple moving average of $24.48. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.45 billion, a PE ratio of -3.07 and a beta of 0.52.

JinkoSolar (NYSE:JKS) last released its earnings results on Monday, November 17th. The semiconductor company reported ($2.30) EPS for the quarter, beating the consensus estimate of ($2.56) by $0.26. JinkoSolar had a negative net margin of 4.98% and a negative return on equity of 8.96%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.72 billion. Sell-side analysts anticipate that JinkoSolar will post -0.24 EPS for the current fiscal year.

Institutional Trading of JinkoSolar

A number of hedge funds and other institutional investors have recently modified their holdings of JKS. Nuveen LLC bought a new position in shares of JinkoSolar in the 1st quarter valued at $598,000. Acadian Asset Management LLC increased its holdings in JinkoSolar by 41.2% in the 1st quarter. Acadian Asset Management LLC now owns 387,834 shares of the semiconductor company’s stock worth $7,220,000 after purchasing an additional 113,187 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in JinkoSolar by 51.3% in the second quarter. Public Employees Retirement System of Ohio now owns 33,900 shares of the semiconductor company’s stock valued at $719,000 after purchasing an additional 11,500 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of JinkoSolar during the second quarter valued at about $1,160,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of JinkoSolar by 18.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,449 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 3,608 shares during the last quarter. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.