JinkoSolar Holding Company Limited (NYSE:JKS) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Analysts give JinkoSolar (NYSE:JKS) a consensus rating of Reduce from seven covering firms (3 sell, 3 hold, 1 buy), with an average 1‑year price target of $24.50.
• Recent rating shifts are mixed: Daiwa upgraded JKS to a buy with a $28.50 target while Zacks, Wall Street Zen and Weiss downgraded their views to hold/sell.
• Shares opened at $22.97 (below the 50‑ and 200‑day averages), the company has a market cap of $1.19B and a negative P/E (-2.51), and institutional investors own about 35.82% of the stock.

Shares of JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) have received a consensus rating of "Reduce" from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $24.50.

Several analysts have weighed in on JKS shares. Daiwa Securities Group raised JinkoSolar from a "sell" rating to a "buy" rating and set a $28.50 price target on the stock in a report on Tuesday, March 24th. Zacks Research lowered JinkoSolar from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 11th. Wall Street Zen lowered JinkoSolar from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Finally, Weiss Ratings lowered JinkoSolar from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday.

Institutional Investors Weigh In On JinkoSolar

Hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in JinkoSolar during the third quarter worth about $1,162,000. Hussman Strategic Advisors Inc. bought a new stake in JinkoSolar during the third quarter worth about $1,009,000. SG Americas Securities LLC lifted its stake in JinkoSolar by 189.9% during the fourth quarter. SG Americas Securities LLC now owns 194,231 shares of the semiconductor company's stock worth $5,013,000 after purchasing an additional 127,234 shares during the last quarter. Cibc World Market Inc. bought a new stake in JinkoSolar during the fourth quarter worth about $338,000. Finally, Man Group plc bought a new stake in JinkoSolar during the third quarter worth about $329,000. Institutional investors own 35.82% of the company's stock.

JinkoSolar Stock Performance

NYSE:JKS opened at $22.97 on Friday. The business's 50-day moving average price is $25.55 and its two-hundred day moving average price is $25.83. JinkoSolar has a twelve month low of $13.42 and a twelve month high of $31.88. The stock has a market cap of $1.19 billion, a P/E ratio of -2.51 and a beta of 0.59. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 1.07.

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.

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