JinkoSolar (NYSE:JKS) Stock Price Up 4.3%

JinkoSolar Holding Co., Ltd. (NYSE:JKS)’s share price rose 4.3% during trading on Tuesday . The company traded as high as $21.50 and last traded at $21.45. Approximately 89,257 shares changed hands during trading, a decline of 90% from the average daily volume of 900,466 shares. The stock had previously closed at $20.57.

Analyst Ratings Changes

JKS has been the topic of a number of research reports. Roth Mkm restated a “neutral” rating and set a $25.00 price objective on shares of JinkoSolar in a research report on Tuesday, April 30th. UBS Group reduced their price objective on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. StockNews.com upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. The Goldman Sachs Group reduced their price target on JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Thursday, April 11th. Finally, Roth Capital downgraded JinkoSolar from a “buy” rating to a “neutral” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.60.

JinkoSolar Trading Up 2.2 %

The firm has a fifty day moving average price of $25.00 and a 200-day moving average price of $26.78. The company has a market capitalization of $1.12 billion, a P/E ratio of 3.21 and a beta of 0.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 0.77.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.39 earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.83. JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.27 billion. On average, equities research analysts anticipate that JinkoSolar Holding Co., Ltd. will post 4.03 earnings per share for the current year.

Institutional Investors Weigh In On JinkoSolar

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of JinkoSolar by 202.1% during the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 673 shares during the last quarter. Headlands Technologies LLC raised its position in JinkoSolar by 217.0% in the 4th quarter. Headlands Technologies LLC now owns 3,199 shares of the semiconductor company’s stock worth $118,000 after buying an additional 2,190 shares during the last quarter. Barometer Capital Management Inc. bought a new position in JinkoSolar during the 4th quarter valued at about $126,000. Daiwa Securities Group Inc. lifted its stake in JinkoSolar by 117.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 4,100 shares during the period. Finally, Banco BTG Pactual S.A. bought a new position in shares of JinkoSolar in the 1st quarter worth approximately $207,000. Hedge funds and other institutional investors own 35.82% of the company’s stock.

About JinkoSolar

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.