JinkoSolar (JKS) Earning Somewhat Positive Media Coverage, Report Finds

Press coverage about JinkoSolar (NYSE:JKS) has been trending somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. JinkoSolar earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 46.5265137196113 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news headlines that may have effected Accern’s rankings:

A number of research analysts have weighed in on the stock. ValuEngine lowered shares of JinkoSolar from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Zacks Investment Research raised shares of JinkoSolar from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, December 13th. Roth Capital lifted their price target on shares of JinkoSolar from $18.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Axiom Securities initiated coverage on shares of JinkoSolar in a research report on Thursday, September 21st. They set a “sell” rating and a $10.00 price target on the stock. Finally, Credit Suisse Group lowered shares of JinkoSolar from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $20.00 in a research report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $19.33.

JinkoSolar (JKS) opened at $24.37 on Monday. The company has a market cap of $793.17, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 3.16 and a beta of 1.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.77. JinkoSolar has a 12 month low of $13.70 and a 12 month high of $30.50.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings results on Thursday, December 7th. The semiconductor company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.13). The business had revenue of $964.80 million during the quarter, compared to analyst estimates of $849.17 million. JinkoSolar had a return on equity of 3.99% and a net margin of 4.36%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 EPS. sell-side analysts forecast that JinkoSolar will post 0.77 EPS for the current year.

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About JinkoSolar

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.

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