JinkoSolar (JKS) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for JinkoSolar in the last year. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" JKS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in JKS, but not buy additional shares or sell existing shares.
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3 brokers have issued 12 month target prices for JinkoSolar's stock. Their JKS share price forecasts range from $41.00 to $78.00. On average, they predict the company's stock price to reach $63.00 in the next year. This suggests a possible upside of 48.9% from the stock's current price.
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JinkoSolar's stock was trading at $40.88 at the beginning of the year. Since then, JKS stock has increased by 3.5% and is now trading at $42.31.
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JinkoSolar saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,030,000 shares, an increase of 14.7% from the April 15th total of 1,770,000 shares. Based on an average daily volume of 735,800 shares, the days-to-cover ratio is presently 2.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 25th 2023.
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JinkoSolar Holding Co., Ltd. (NYSE:JKS) announced its quarterly earnings data on Friday, March, 10th. The semiconductor company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.05. The semiconductor company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $3.76 billion. JinkoSolar had a trailing twelve-month return on equity of 8.66% and a net margin of 1.51%.

ETFs with the largest weight of JinkoSolar (NYSE:JKS) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), Invesco Solar ETF (TAN), AXS Green Alpha ETF (NXTE), SPDR S&P Kensho Clean Power ETF (CNRG), iShares MSCI China Small-Cap ETF (ECNS), Global X Clean Tech ETF (CTEC), Fidelity Clean Energy ETF (FRNW) and Invesco WilderHill Clean Energy ETF (PBW).

JinkoSolar declared that its board has initiated a stock repurchase program on Wednesday, July 6th 2022, which allows the company to repurchase $0.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

14 employees have rated JinkoSolar Chief Executive Officer Kangping Chen on Glassdoor.com. Kangping Chen has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other JinkoSolar investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Canadian Solar (CSIQ), Micron Technology (MU), Netflix (NFLX), First Solar (FSLR), Gilead Sciences (GILD), Intel (INTC) and Advanced Micro Devices (AMD).

JinkoSolar trades on the New York Stock Exchange (NYSE) under the ticker symbol "JKS."

JinkoSolar's stock is owned by a variety of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (3.26%), Handelsbanken Fonder AB (2.37%), BlackRock Inc. (1.82%), Snow Lake Management LP (1.60%), Healthcare of Ontario Pension Plan Trust Fund (1.45%) and State Street Corp (1.24%).

Shares of JKS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of JKS stock can currently be purchased for approximately $42.31.

JinkoSolar (NYSE:JKS) has a market capitalization of $2.16 billion and generates $12.11 billion in revenue each year. The semiconductor company earns $89.96 million in net income (profit) each year or $2.05 on an earnings per share basis.

The company employs 46,511 workers across the globe.

JinkoSolar's mailing address is 1 JINGKE ROAD SHANGRAO ECONOMIC DEVELOPMENT ZONE, SHANGRAO F4, 334100. The official website for the company is www.jinkosolar.com. The semiconductor company can be reached via phone at 867938588188, via email at ir@jinkosolar.com, or via fax at 86-79-3846-1152.