JinkoSolar (NYSE:JKS) Stock Rating Upgraded by Wall Street Zen

JinkoSolar (NYSE:JKS) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

JKS has been the subject of a number of other research reports. Roth Mkm lifted their price objective on shares of JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. UBS Group reaffirmed 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 report on Wednesday, December 24th. The Goldman Sachs Group raised 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. Finally, Zacks Research lowered JinkoSolar from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $22.33.

JinkoSolar Stock Performance

Shares of JKS stock opened at $26.57 on Friday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -2.90 and a beta of 0.52. JinkoSolar has a one year low of $13.42 and a one year high of $31.88. The company’s 50-day simple moving average is $27.26 and its 200-day simple moving average is $25.38. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 1.30.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JKS. MTM Investment Management LLC acquired a new stake in JinkoSolar in the second quarter worth about $28,000. Raymond James Financial Inc. acquired a new position in JinkoSolar during the 2nd quarter valued at about $47,000. Banque Cantonale Vaudoise bought a new stake in shares of JinkoSolar during the 4th quarter worth about $58,000. Leonteq Securities AG acquired a new stake in shares of JinkoSolar in the 4th quarter worth approximately $101,000. Finally, New York State Common Retirement Fund bought a new position in shares of JinkoSolar in the third quarter valued at approximately $182,000. 35.82% of the stock is owned by institutional investors and hedge funds.

About JinkoSolar

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.