JinkoSolar (JKS) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for JinkoSolar in the last twelve months. 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 brokerages have issued 12-month target prices for JinkoSolar's stock. Their JKS share price forecasts range from $33.00 to $78.00. On average, they predict the company's share price to reach $60.33 in the next year. This suggests a possible upside of 116.6% from the stock's current price.
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JinkoSolar's stock was trading at $40.88 on January 1st, 2023. Since then, JKS shares have decreased by 31.8% and is now trading at $27.86.
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JinkoSolar saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,060,000 shares, an increase of 28.6% from the August 31st total of 2,380,000 shares. Based on an average daily trading volume, of 795,500 shares, the short-interest ratio is presently 3.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our JKS earnings forecast.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) posted its earnings results on Monday, August, 14th. The semiconductor company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.08 by $1.28. The semiconductor company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.18 billion. JinkoSolar had a net margin of 3.21% and a trailing twelve-month return on equity of 11.84%.

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), SPDR S&P Kensho Clean Power ETF (CNRG), AXS Green Alpha ETF (NXTE), Global X Clean Tech ETF (CTEC), iShares MSCI China Small-Cap ETF (ECNS) and Fidelity Clean Energy ETF (FRNW).Invesco Golden Dragon China ETF (PGJ).

JinkoSolar announced that its board has initiated a share repurchase plan on Wednesday, July 6th 2022, which permits the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors 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 number of retail and institutional investors. Top institutional shareholders include Mackenzie Financial Corp (4.26%), Schroder Investment Management Group (3.10%), Handelsbanken Fonder AB (2.92%), Marshall Wace LLP (2.02%), BlackRock Inc. (1.74%) and Dimensional Fund Advisors LP (1.14%).

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 $27.86.

JinkoSolar (NYSE:JKS) has a market capitalization of $1.45 billion and generates $12.11 billion in revenue each year. The semiconductor company earns $89.96 million in net income (profit) each year or $6.99 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.