JinkoSolar (NYSE:JKS - Get Free Report) is scheduled to be releasing its earnings data on Friday, March 8th.
JinkoSolar Stock Up 4.0 %
Shares of JKS opened at $27.53 on Thursday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 3.19 and a beta of 0.38. JinkoSolar has a 52 week low of $23.12 and a 52 week high of $58.96. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average price is $28.63 and its 200-day moving average price is $30.61.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. HSBC reaffirmed a "hold" rating and issued a $30.00 price target on shares of JinkoSolar in a report on Monday, February 5th. Daiwa Capital Markets cut JinkoSolar from an "outperform" rating to a "neutral" rating and set a $25.00 target price for the company. in a report on Monday, February 5th.
Get Our Latest Research Report on JKS
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of JKS. BlackRock Inc. raised its stake in shares of JinkoSolar by 16.2% in the first quarter. BlackRock Inc. now owns 2,632,512 shares of the semiconductor company's stock valued at $127,123,000 after acquiring an additional 366,251 shares in the last quarter. Morgan Stanley raised its stake in shares of JinkoSolar by 65.7% in the third quarter. Morgan Stanley now owns 2,026,002 shares of the semiconductor company's stock valued at $61,530,000 after acquiring an additional 803,164 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of JinkoSolar by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,576,610 shares of the semiconductor company's stock valued at $58,240,000 after acquiring an additional 22,254 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of JinkoSolar by 6.0% in the first quarter. Mackenzie Financial Corp now owns 1,467,955 shares of the semiconductor company's stock valued at $70,888,000 after acquiring an additional 83,672 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of JinkoSolar by 1.0% in the first quarter. Allianz Asset Management GmbH now owns 1,131,353 shares of the semiconductor company's stock valued at $54,633,000 after acquiring an additional 11,700 shares in the last quarter. 35.82% of the stock is currently owned by hedge funds and other institutional investors.
About JinkoSolar
(
Get Free Report)
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; and develops commercial solar power projects.
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