Susquehanna Fundamental Investments LLC Invests $1.17 Million in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Susquehanna Fundamental Investments LLC purchased a new position in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 47,142 shares of the semiconductor company's stock, valued at approximately $1,174,000. Susquehanna Fundamental Investments LLC owned approximately 0.09% of JinkoSolar at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of JinkoSolar by 30.2% during the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock valued at $62,000 after buying an additional 537 shares during the last quarter. Geode Capital Management LLC lifted its position in JinkoSolar by 19.7% in the 3rd quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company's stock valued at $1,197,000 after acquiring an additional 7,333 shares in the last quarter. Green Alpha Advisors LLC boosted its stake in JinkoSolar by 15.4% during the 4th quarter. Green Alpha Advisors LLC now owns 82,531 shares of the semiconductor company's stock valued at $2,055,000 after purchasing an additional 10,983 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of JinkoSolar in the 4th quarter worth $1,435,000. Finally, New York State Common Retirement Fund purchased a new position in shares of JinkoSolar in the fourth quarter worth $132,000. 35.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JKS has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price objective on JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a report on Thursday, March 27th. UBS Group decreased their price objective on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Daiwa Capital Markets cut shares of JinkoSolar from an "underperform" rating to a "sell" rating in a report on Friday, January 10th. Finally, Glj Research decreased their target price on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, JinkoSolar has an average rating of "Hold" and an average target price of $27.19.

JinkoSolar Stock Up 4.0 %

Shares of JKS stock opened at $17.85 on Friday. The company has a 50 day simple moving average of $19.18 and a two-hundred day simple moving average of $22.01. The stock has a market cap of $948.82 million, a P/E ratio of 30.25 and a beta of 0.17. JinkoSolar Holding Co., Ltd. has a 12 month low of $13.42 and a 12 month high of $37.36. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

JinkoSolar (NYSE:JKS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) EPS for the quarter, missing analysts' consensus estimates of ($1.45) by ($1.40). JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the business posted $1.34 earnings per share. JinkoSolar's revenue for the quarter was down 39.9% compared to the same quarter last year. On average, research analysts expect that JinkoSolar Holding Co., Ltd. will post -0.24 earnings per share for the current year.

JinkoSolar Profile

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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