Roth Capital Equities Analysts Decrease Earnings Estimates for JinkoSolar Holding Co., Ltd. (NYSE:JKS)

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) - Analysts at Roth Capital decreased their Q4 2024 earnings per share estimates for JinkoSolar in a research report issued on Monday, April 29th. Roth Capital analyst P. Shen now expects that the semiconductor company will post earnings of $1.47 per share for the quarter, down from their previous forecast of $1.70. Roth Capital currently has a "Neutral" rating on the stock. The consensus estimate for JinkoSolar's current full-year earnings is $5.27 per share. Roth Capital also issued estimates for JinkoSolar's Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.35 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $2.16 EPS and FY2025 earnings at $6.25 EPS.

JinkoSolar (NYSE:JKS - Get Free Report) last issued its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($1.11). JinkoSolar had a return on equity of 11.29% and a net margin of 2.74%. The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.08 billion.

Several other equities research analysts have also recently issued reports on JKS. StockNews.com cut JinkoSolar from a "hold" rating to a "sell" rating in a report on Thursday, April 25th. HSBC reissued a "hold" rating and set a $30.00 price objective on shares of JinkoSolar in a research note on Monday, February 5th. Roth Mkm reissued a "neutral" rating and set a $25.00 price objective on shares of JinkoSolar in a research note on Tuesday. Daiwa Capital Markets cut JinkoSolar from an "outperform" rating to a "neutral" rating and set a $25.00 price objective on the stock. in a research note on Monday, February 5th. Finally, The Goldman Sachs Group reduced their price objective on JinkoSolar from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $26.60.

JinkoSolar Price Performance

Shares of JKS stock traded up $0.98 during trading hours on Wednesday, hitting $25.10. The stock had a trading volume of 563,138 shares, compared to its average volume of 931,193. JinkoSolar has a one year low of $21.06 and a one year high of $49.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.80. The stock's 50-day moving average price is $24.93 and its two-hundred day moving average price is $29.00. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 3.79 and a beta of 0.37.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JKS. Signaturefd LLC boosted its holdings in shares of JinkoSolar by 202.1% in the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 673 shares during the period. Headlands Technologies LLC purchased a new stake in shares of JinkoSolar in the third quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of JinkoSolar by 109.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,215 shares of the semiconductor company's stock valued at $94,000 after purchasing an additional 1,678 shares during the period. Van ECK Associates Corp boosted its holdings in shares of JinkoSolar by 16.0% in the third quarter. Van ECK Associates Corp now owns 14,379 shares of the semiconductor company's stock valued at $437,000 after purchasing an additional 1,987 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of JinkoSolar by 3.0% in the third quarter. California Public Employees Retirement System now owns 73,834 shares of the semiconductor company's stock valued at $2,242,000 after purchasing an additional 2,142 shares during the period. Institutional investors own 35.82% of the company's stock.

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.