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 released on Saturday.

JKS has been the topic of a number of other research reports. The Goldman Sachs Group upped their price target on JinkoSolar from $18.00 to $20.00 and gave the company a “sell” rating in a research report on Wednesday, November 19th. Weiss Ratings restated a “hold (c-)” rating on shares of JinkoSolar in a research note on Wednesday, December 24th. UBS Group reaffirmed a “neutral” rating on shares of JinkoSolar in a report on Friday, November 28th. Finally, Roth Capital lifted their target price on shares of JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $19.49.

JinkoSolar Stock Performance

NYSE JKS opened at $29.19 on Friday. The company has a market capitalization of $1.51 billion, a PE ratio of -3.19 and a beta of 0.52. 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 has a 52-week low of $13.42 and a 52-week high of $31.88. The company has a 50-day simple moving average of $26.82 and a 200 day simple moving average of $24.69.

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

Institutional Trading of JinkoSolar

Hedge funds and other institutional investors have recently bought and sold shares of the company. MTM Investment Management LLC purchased a new stake in JinkoSolar in the 2nd quarter worth approximately $28,000. Raymond James Financial Inc. bought a new position in shares of JinkoSolar in the second quarter worth $47,000. New York State Common Retirement Fund purchased a new stake in shares of JinkoSolar in the third quarter worth $182,000. FNY Investment Advisers LLC bought a new stake in JinkoSolar during the third quarter valued at $225,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in JinkoSolar during the third quarter valued at $252,000. Institutional investors own 35.82% of the company’s stock.

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.