JinkoSolar Holding Company Limited (NYSE:JKS) Receives Average Rating of “Hold” from Analysts

JinkoSolar Holding Company Limited (NYSE:JKS) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.3750.

JKS has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. UBS Group boosted their price objective on JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Freedom Capital raised JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Wall Street Zen raised JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd.

Insider Buying and Selling at JinkoSolar

In other JinkoSolar news, Director Xianhua Li sold 1,280,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $25.53, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wing Keong Siew sold 16,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $16.49, for a total transaction of $263,840.00. Following the completion of the sale, the director owned 170,000 shares in the company, valued at $2,803,300. This represents a 8.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,312,000 shares of company stock valued at $33,360,000. Corporate insiders own 19.80% of the company’s stock.

Hedge Funds Weigh In On JinkoSolar

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in JinkoSolar by 96.2% in the 1st quarter. Renaissance Technologies LLC now owns 82,200 shares of the semiconductor company’s stock valued at $2,089,000 after acquiring an additional 40,300 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of JinkoSolar during the 1st quarter worth approximately $307,000. Himension Capital Singapore PTE. LTD. increased its position in shares of JinkoSolar by 5.1% during the first quarter. Himension Capital Singapore PTE. LTD. now owns 82,319 shares of the semiconductor company’s stock valued at $2,092,000 after purchasing an additional 3,961 shares during the period. Dimensional Fund Advisors LP increased its position in shares of JinkoSolar by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 845,017 shares of the semiconductor company’s stock valued at $21,449,000 after purchasing an additional 3,118 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of JinkoSolar by 355.9% in the first quarter. Hsbc Holdings PLC now owns 189,569 shares of the semiconductor company’s stock valued at $4,817,000 after purchasing an additional 147,992 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors.

JinkoSolar Stock Down 5.8%

Shares of JinkoSolar stock opened at $14.84 on Tuesday. The stock has a market capitalization of $776.96 million, a P/E ratio of -1.52 and a beta of 0.51. 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 stock has a 50 day moving average price of $18.66 and a two-hundred day moving average price of $23.09. JinkoSolar has a 12-month low of $14.78 and a 12-month high of $31.88.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) EPS for the quarter, beating analysts’ consensus estimates of ($1.84) by $0.32. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.09 billion. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. Equities analysts expect that JinkoSolar will post -2.76 earnings per share for the current year.

JinkoSolar Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, July 9th. Investors of record on Monday, June 22nd were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a yield of 837.0%. JinkoSolar’s payout ratio is -15.20%.

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.