JinkoSolar - JKS Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for JinkoSolar in the last year. There are currently 1 sell rating, 1 hold 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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4 equities research analysts have issued 12 month price targets for JinkoSolar's shares. Their JKS share price forecasts range from $41.00 to $76.00. On average, they expect the company's share price to reach $59.75 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
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JinkoSolar's stock was trading at $40.88 at the beginning of 2023. Since then, JKS stock has increased by 33.7% and is now trading at $54.66.
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JinkoSolar saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 2,720,000 shares, an increase of 18.8% from the December 15th total of 2,290,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is currently 2.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
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JinkoSolar Holding Co., Ltd. (NYSE:JKS) issued its quarterly earnings data on Tuesday, November, 30th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The semiconductor company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.39 billion. JinkoSolar had a net margin of 0.25% and a trailing twelve-month return on equity of 4.59%. The company's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.91) EPS.

JinkoSolar declared that its board has authorized a stock buyback program 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 purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's management 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 many different institutional and retail investors. Top institutional investors include Nisa Investment Advisors LLC (0.33%), SG Americas Securities LLC (0.33%), National Bank of Canada FI (0.24%), Green Alpha Advisors LLC (0.09%), Profund Advisors LLC (0.03%) and Harel Insurance Investments & Financial Services Ltd. (0.03%).

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 $54.66.

JinkoSolar (NYSE:JKS) has a market capitalization of $2.74 billion and generates $69.51 billion in revenue each year. The semiconductor company earns $113.14 million in net income (profit) each year or ($0.23) on an earnings per share basis.

The company employs 31,030 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 867938469699, via email at ir@jinkosolar.com, or via fax at 86-79-3846-1152.