JinkoSolar (NYSE:JKS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JinkoSolar (NYSE:JKS) from a sell rating to a hold rating in a research note published on Saturday morning.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of JinkoSolar in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on JinkoSolar from $15.00 to $18.00 and gave the company a “sell” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Sell” and an average target price of $28.99.

JinkoSolar Price Performance

JKS stock opened at $23.46 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.21 billion, a PE ratio of -4.67 and a beta of 0.44. JinkoSolar has a 12-month low of $13.42 and a 12-month high of $29.80. The business’s fifty day moving average price is $23.81 and its 200 day moving average price is $21.02.

Institutional Trading of JinkoSolar

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new stake in shares of JinkoSolar in the 1st quarter valued at about $1,660,000. Hsbc Holdings PLC boosted its position in shares of JinkoSolar by 23.1% in the 1st quarter. Hsbc Holdings PLC now owns 126,175 shares of the semiconductor company’s stock valued at $2,351,000 after purchasing an additional 23,652 shares during the period. Jump Financial LLC boosted its position in shares of JinkoSolar by 573.2% in the 1st quarter. Jump Financial LLC now owns 54,176 shares of the semiconductor company’s stock valued at $1,010,000 after purchasing an additional 46,129 shares during the period. Harvest Portfolios Group Inc. acquired a new stake in shares of JinkoSolar in the 1st quarter valued at about $269,000. Finally, Aberdeen Group plc boosted its position in shares of JinkoSolar by 63.6% in the 1st quarter. Aberdeen Group plc now owns 78,065 shares of the semiconductor company’s stock valued at $1,455,000 after purchasing an additional 30,340 shares during the period. 35.82% of the stock is owned by institutional investors and hedge funds.

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.