JinkoSolar Holding Company Limited (NYSE:JKS) had its price objective hoisted by Roth Capital from $18.00 to $26.00 in a research note released on Tuesday morning. Roth Capital currently has a neutral rating on the semiconductor company’s stock.

JKS has been the subject of several other reports. Axiom Securities reiterated a buy rating on shares of JinkoSolar Holding Company Limited in a research report on Saturday, July 22nd. Credit Suisse Group downgraded JinkoSolar Holding Company Limited from an outperform rating to a neutral rating and cut their target price for the stock from $25.00 to $20.00 in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded JinkoSolar Holding Company Limited from a hold rating to a sell rating in a research report on Thursday, June 8th. Finally, ValuEngine upgraded JinkoSolar Holding Company Limited from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Four investment analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $20.50.

JinkoSolar Holding Company Limited (NYSE JKS) traded up 1.074% during mid-day trading on Tuesday, hitting $25.309. The stock had a trading volume of 188,058 shares. JinkoSolar Holding Company Limited has a 12-month low of $12.72 and a 12-month high of $30.50. The stock has a market cap of $812.80 million, a price-to-earnings ratio of 24.886 and a beta of 1.96. The company has a 50-day moving average of $27.15 and a 200-day moving average of $20.96.

JinkoSolar Holding Company Limited (NYSE:JKS) last issued its quarterly earnings data on Wednesday, September 6th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.49). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $998.22 million. JinkoSolar Holding Company Limited had a return on equity of 7.88% and a net margin of 5.42%. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.04 earnings per share. On average, analysts anticipate that JinkoSolar Holding Company Limited will post $0.20 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. J&P China Capital Management CO. Ltd. acquired a new stake in JinkoSolar Holding Company Limited in the second quarter worth approximately $23,732,000. Dimensional Fund Advisors LP lifted its position in JinkoSolar Holding Company Limited by 45.3% in the second quarter. Dimensional Fund Advisors LP now owns 890,728 shares of the semiconductor company’s stock worth $18,526,000 after purchasing an additional 277,537 shares during the period. TIAA CREF Investment Management LLC lifted its position in JinkoSolar Holding Company Limited by 1,601.1% in the second quarter. TIAA CREF Investment Management LLC now owns 314,700 shares of the semiconductor company’s stock worth $6,546,000 after purchasing an additional 296,200 shares during the period. Point72 Asset Management L.P. lifted its position in JinkoSolar Holding Company Limited by 90.0% in the first quarter. Point72 Asset Management L.P. now owns 190,000 shares of the semiconductor company’s stock worth $3,148,000 after purchasing an additional 90,000 shares during the period. Finally, Sumway Development LTD. acquired a new stake in JinkoSolar Holding Company Limited in the second quarter worth approximately $3,214,000. Hedge funds and other institutional investors own 20.92% of the company’s stock.

JinkoSolar Holding Company Limited Company Profile

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

Analyst Recommendations for JinkoSolar Holding Company Limited (NYSE:JKS)

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