JinkoSolar Holding Company Limited (JKS) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is cautious: Eight analysts give JinkoSolar an average “Hold” rating, with two sells, four holds, one buy and one strong buy. The average 12-month price target is $19.88, though recent actions included a downgrade to “strong sell” and target-price reductions.
• JinkoSolar reported a significant earnings and revenue miss: It posted quarterly EPS of negative $2.53 versus the consensus estimate of negative $0.75, while revenue of $1.82 billion fell short of the $2.17 billion forecast. Analysts expect full-year EPS of approximately negative $5.63.
• The stock remains under pressure: Shares opened at $8.24, near the 52-week low of $7.82 and well below the 200-day moving average of $19.28. Institutional investors own 35.82% of the company, with several funds recently increasing their positions.

JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) has earned an average recommendation of "Hold" from the eight analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.88.

JKS has been the topic of several recent research reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of JinkoSolar in a report on Monday, August 3rd. Wall Street Zen cut shares of JinkoSolar from a "sell" rating to a "strong sell" rating in a report on Monday. Freedom Broker cut shares of JinkoSolar from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 27th. The Goldman Sachs Group set a $11.00 target price on shares of JinkoSolar in a research report on Thursday, August 27th. Finally, Roth Capital lowered their price target on shares of JinkoSolar from $25.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, August 27th.

JinkoSolar Trading Down 1.4%

JinkoSolar stock opened at $8.24 on Thursday. The stock has a 50-day moving average price of $10.68 and a 200 day moving average price of $19.28. The company has a market capitalization of $437.54 million, a price-to-earnings ratio of -0.88 and a beta of 0.52. JinkoSolar has a 52 week low of $7.82 and a 52 week high of $31.88. The company has a quick ratio of 0.84, a current ratio of 1.13 and a debt-to-equity ratio of 1.10.

JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported ($2.53) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($1.78). JinkoSolar had a negative return on equity of 10.03% and a negative net margin of 5.85%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.17 billion. Sell-side analysts anticipate that JinkoSolar will post -5.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its holdings in JinkoSolar by 355.9% in the 1st quarter. Hsbc Holdings PLC now owns 189,569 shares of the semiconductor company's stock valued at $4,817,000 after purchasing an additional 147,992 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of JinkoSolar by 96.2% in the 1st quarter. Renaissance Technologies LLC now owns 82,200 shares of the semiconductor company's stock valued at $2,089,000 after buying an additional 40,300 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of JinkoSolar during the 2nd quarter worth approximately $298,000. Cetera Investment Advisers acquired a new stake in shares of JinkoSolar during the 1st quarter worth approximately $307,000. Finally, Himension Capital Singapore PTE. LTD. increased its holdings in shares of JinkoSolar by 5.1% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 82,319 shares of the semiconductor company's stock worth $2,092,000 after buying an additional 3,961 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. is a global solar photovoltaic (PV) manufacturer that develops and produces products used to convert sunlight into electricity. The company's portfolio includes silicon wafers, solar cells, PV modules and related energy-storage products, serving utility-scale solar projects as well as commercial, industrial and residential customers.

Founded in 2006, JinkoSolar has developed a vertically integrated manufacturing business spanning much of the solar supply chain.

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