JinkoSolar Holding Company Limited (NYSE:JKS) Given Consensus Recommendation of "Reduce" by Analysts

Key Points

• JinkoSolar Holding Company has received a consensus recommendation of "Reduce" from six analysts, with four ratings as sell, one as hold, and one as buy.
• The average one-year price target for JinkoSolar stock is $28.99, while the shares are currently trading around $24.14.
• Institutional investors hold 35.82% of JinkoSolar's stock, indicating interest from hedge funds and other large investors.

JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) has earned an average rating of "Reduce" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $28.9875.

Separately, Wall Street Zen cut shares of JinkoSolar from a "hold" rating to a "sell" rating in a research note on Saturday.

JinkoSolar Stock Performance

Shares of NYSE JKS opened at $24.14 on Wednesday. The firm has a fifty day moving average price of $23.42 and a 200-day moving average price of $20.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.07. The stock has a market cap of $1.25 billion, a PE ratio of -4.81 and a beta of 0.13. JinkoSolar has a 1 year low of $13.42 and a 1 year high of $37.36.

Hedge Funds Weigh In On JinkoSolar

Several institutional investors have recently bought and sold shares of JKS. Millennium Management LLC purchased a new position in JinkoSolar during the fourth quarter valued at $2,846,000. Public Employees Retirement System of Ohio grew its stake in JinkoSolar by 42.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 49,365 shares of the semiconductor company's stock valued at $1,229,000 after acquiring an additional 14,765 shares in the last quarter. SG Americas Securities LLC grew its stake in JinkoSolar by 8.9% during the first quarter. SG Americas Securities LLC now owns 62,745 shares of the semiconductor company's stock valued at $1,170,000 after acquiring an additional 5,110 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in JinkoSolar during the first quarter valued at $2,349,000. Finally, Banque Cantonale Vaudoise purchased a new position in JinkoSolar during the first quarter valued at $36,000. 35.82% of the stock is owned by hedge funds and other institutional investors.

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.

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