JinkoSolar (JKS) Shares Down 6.6%

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) traded down 6.6% during mid-day trading on Monday . The stock traded as low as $17.19 and last traded at $17.38. 953,474 shares traded hands during trading, a decline of 4% from the average session volume of 992,103 shares. The stock had previously closed at $18.61.

Several analysts have issued reports on the company. ValuEngine upgraded JinkoSolar from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Zacks Investment Research upgraded JinkoSolar from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, February 6th. Roth Capital upgraded JinkoSolar from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $20.00 to $11.50 in a report on Monday, February 4th. Goldman Sachs Group upgraded JinkoSolar from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Monday, February 4th. Finally, TheStreet upgraded JinkoSolar from a “d+” rating to a “c” rating in a report on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. JinkoSolar has an average rating of “Hold” and a consensus target price of $12.58.

The firm has a market cap of $486.15 million, a price-to-earnings ratio of 11.45, a PEG ratio of 0.59 and a beta of 2.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.95 and a quick ratio of 0.71.

JinkoSolar (NYSE:JKS) last issued its earnings results on Friday, March 22nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.32). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.25 billion. JinkoSolar had a net margin of 1.60% and a return on equity of 5.01%. JinkoSolar’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. On average, equities research analysts expect that JinkoSolar Holding Co., Ltd. will post 2.97 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of JKS. Discovery Value Fund acquired a new position in JinkoSolar in the fourth quarter worth approximately $15,176,000. BlackRock Inc. increased its holdings in JinkoSolar by 0.8% in the third quarter. BlackRock Inc. now owns 773,603 shares of the semiconductor company’s stock worth $8,332,000 after buying an additional 6,066 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in JinkoSolar by 46.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 445,594 shares of the semiconductor company’s stock worth $4,407,000 after buying an additional 141,005 shares during the last quarter. Wealth Architects LLC acquired a new position in JinkoSolar in the fourth quarter worth approximately $117,000. Finally, Vanguard Group Inc increased its holdings in JinkoSolar by 22.4% in the third quarter. Vanguard Group Inc now owns 804,267 shares of the semiconductor company’s stock worth $8,662,000 after buying an additional 147,292 shares during the last quarter. Institutional investors own 29.27% of the company’s stock.

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JinkoSolar Company Profile (NYSE:JKS)

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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