JinkoSolar (NYSE:JKS) Director Xianhua Li Sells 1,280,000 Shares

JinkoSolar Holding Company Limited (NYSE:JKS) Director Xianhua Li sold 1,280,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.53, for a total transaction of $32,678,400.00. Following the completion of the sale, the director directly owned 10,349,612 shares of the company’s stock, valued at $264,225,594.36. This represents a 11.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

JinkoSolar Stock Performance

JKS stock opened at $24.61 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -2.53 and a beta of 0.53. JinkoSolar Holding Company Limited has a 12 month low of $17.53 and a 12 month high of $31.88. The firm has a 50 day moving average of $24.02 and a two-hundred day moving average of $25.77.

JinkoSolar (NYSE:JKS) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) EPS for the quarter, topping the consensus estimate of ($1.84) by $0.32. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. As a group, equities analysts anticipate that JinkoSolar Holding Company Limited will post -2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JKS has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of JinkoSolar from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Wall Street Zen raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research downgraded shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Daiwa Securities Group raised shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price objective for the company in a report on Tuesday, March 24th. Finally, Weiss Ratings downgraded shares of JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, JinkoSolar has an average rating of “Hold” and an average price target of $24.13.

Institutional Investors Weigh In On JinkoSolar

Several hedge funds have recently made changes to their positions in JKS. Geode Capital Management LLC lifted its stake in shares of JinkoSolar by 9.9% in the second quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock valued at $799,000 after buying an additional 3,394 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of JinkoSolar by 7,759.6% in the second quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock valued at $235,000 after buying an additional 10,941 shares during the period. Raymond James Financial Inc. bought a new stake in shares of JinkoSolar in the second quarter valued at about $47,000. SG Americas Securities LLC lifted its stake in shares of JinkoSolar by 63.0% in the third quarter. SG Americas Securities LLC now owns 66,997 shares of the semiconductor company’s stock valued at $1,610,000 after buying an additional 25,903 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of JinkoSolar in the third quarter valued at about $1,162,000. 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.