JinkoSolar Holding Company Limited (NYSE:JKS) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus: Hold — seven brokerages average a "Hold" rating (1 sell, 4 hold, 1 buy, 1 strong buy) with a one‑year target of about $24.13.
• Quarterly results: EPS beat but company still unprofitable — JinkoSolar reported ($1.52) EPS versus consensus ($1.84), yet it has negative ROE and net margin and analysts forecast about -2.76 EPS for the fiscal year.
• Market snapshot: shares opened at $23.69 (down 3.7%), 12‑month range $17.41–$31.88, market cap ~$1.22 billion, and institutional investors own roughly 35.82% of the stock.

Shares of JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) have received an average rating of "Hold" from the seven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.1250.

A number of equities research analysts have recently weighed in on JKS shares. Wall Street Zen raised JinkoSolar from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. UBS Group lowered their target price on JinkoSolar from $25.00 to $23.00 and set a "neutral" rating for the company in a research note on Wednesday, April 29th. Daiwa Securities Group raised JinkoSolar from a "sell" rating to a "buy" rating and set a $28.50 price target for the company in a research report on Tuesday, March 24th. Zacks Research lowered JinkoSolar from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings raised JinkoSolar from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, April 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of JinkoSolar by 9.9% during the 2nd quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company's stock worth $799,000 after acquiring an additional 3,394 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of JinkoSolar by 7,759.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company's stock worth $235,000 after acquiring an additional 10,941 shares during the period. Raymond James Financial Inc. purchased a new position in shares of JinkoSolar during the 2nd quarter worth approximately $47,000. SG Americas Securities LLC grew its holdings in shares of JinkoSolar by 63.0% during the 3rd quarter. SG Americas Securities LLC now owns 66,997 shares of the semiconductor company's stock worth $1,610,000 after acquiring an additional 25,903 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of JinkoSolar during the 3rd quarter worth approximately $1,162,000. Institutional investors own 35.82% of the company's stock.

JinkoSolar Trading Down 3.7%

Shares of JKS stock opened at $23.69 on Thursday. JinkoSolar has a 12-month low of $17.41 and a 12-month high of $31.88. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average price of $24.15 and a two-hundred day moving average price of $25.66. The firm has a market cap of $1.22 billion, a P/E ratio of -2.43 and a beta of 0.53.

JinkoSolar (NYSE:JKS - Get Free Report) last released its earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share for the quarter, beating analysts' consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%. Equities analysts anticipate that JinkoSolar will post -2.76 EPS for the current fiscal year.

About JinkoSolar

JinkoSolar Holding Co, Ltd. NYSE: JKS is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world's largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar's product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.