JinkoSolar’s (JKS) “Neutral” Rating Reaffirmed at Roth Mkm

JinkoSolar (NYSE:JKS)‘s stock had its “neutral” rating reaffirmed by stock analysts at Roth Mkm in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $25.00 price objective on the semiconductor company’s stock. Roth Mkm’s price target indicates a potential upside of 1.01% from the company’s current price.

JKS has been the topic of several other reports. HSBC reiterated a “hold” rating and issued a $30.00 target price on shares of JinkoSolar in a research note on Monday, February 5th. Daiwa Capital Markets cut JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Monday, February 5th. StockNews.com lowered JinkoSolar from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. The Goldman Sachs Group dropped their target price on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Thursday, April 11th. Finally, UBS Group cut their price target on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.60.

JinkoSolar Trading Up 2.5 %

Shares of JKS stock opened at $24.75 on Tuesday. JinkoSolar has a 12-month low of $21.06 and a 12-month high of $50.46. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $24.96 and a 200-day moving average of $29.05. The firm has a market cap of $1.30 billion, a P/E ratio of 3.15 and a beta of 0.37.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($1.11). JinkoSolar had a return on equity of 11.85% and a net margin of 2.89%. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Sell-side analysts anticipate that JinkoSolar will post 5.27 earnings per share for the current year.

Hedge Funds Weigh In On JinkoSolar

Large investors have recently added to or reduced their stakes in the business. Green Alpha Advisors LLC grew its stake in shares of JinkoSolar by 21.9% during the first quarter. Green Alpha Advisors LLC now owns 75,993 shares of the semiconductor company’s stock valued at $1,914,000 after buying an additional 13,674 shares during the last quarter. Barometer Capital Management Inc. purchased a new stake in JinkoSolar during the 4th quarter valued at about $126,000. CoreCommodity Management LLC grew its position in JinkoSolar by 45.1% during the 4th quarter. CoreCommodity Management LLC now owns 17,540 shares of the semiconductor company’s stock worth $648,000 after acquiring an additional 5,453 shares during the last quarter. Hsbc Holdings PLC increased its stake in JinkoSolar by 212.2% in the 4th quarter. Hsbc Holdings PLC now owns 104,000 shares of the semiconductor company’s stock worth $3,842,000 after purchasing an additional 70,689 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in JinkoSolar by 16.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 661,563 shares of the semiconductor company’s stock valued at $24,445,000 after purchasing an additional 92,737 shares during the last quarter. Hedge funds and other institutional investors own 35.82% of the company’s stock.

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.