JinkoSolar (NYSE:JKS) Director Wing Keong Siew Sells 16,000 Shares

JinkoSolar Holding Company Limited (NYSE:JKS) Director Wing Keong Siew sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $16.49, for a total value of $263,840.00. Following the completion of the transaction, the director owned 170,000 shares in the company, valued at $2,803,300. The trade was a 8.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wing Keong Siew also recently made the following trade(s):

• On Wednesday, May 13th, Wing Keong Siew sold 16,000 shares of JinkoSolar stock. The shares were sold at an average price of $26.11, for a total value of $417,760.00.

JinkoSolar Stock Performance

Shares of JinkoSolar stock opened at $15.88 on Friday. The business’s fifty day simple moving average is $21.18 and its 200 day simple moving average is $24.32. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16. JinkoSolar Holding Company Limited has a 12 month low of $15.33 and a 12 month high of $31.88. The firm has a market capitalization of $831.64 million, a P/E ratio of -1.63 and a beta of 0.51.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%.The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $2.09 billion. As a group, analysts anticipate that JinkoSolar Holding Company Limited will post -2.76 EPS for the current year.

JinkoSolar Announces Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, July 9th. Investors of record on Monday, June 22nd will be given a dividend of $1.50 per share. The ex-dividend date is Monday, June 22nd. This represents a yield of 837.0%. JinkoSolar’s dividend payout ratio is presently -15.20%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings lowered shares of JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Daiwa Securities Group raised shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 target price for the company in a research report on Tuesday, March 24th. UBS Group raised their price target on shares of JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Freedom Capital raised shares of JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, JinkoSolar has an average rating of “Hold” and a consensus target price of $24.38.

Institutional Investors Weigh In On JinkoSolar

Several institutional investors have recently added to or reduced their stakes in JKS. Geode Capital Management LLC boosted its position in JinkoSolar by 9.9% during the second quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock worth $799,000 after purchasing an additional 3,394 shares during the period. JPMorgan Chase & Co. raised its position in shares of JinkoSolar by 7,759.6% in the second quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock valued at $235,000 after purchasing an additional 10,941 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of JinkoSolar during the 2nd quarter valued at approximately $47,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of JinkoSolar during the 3rd quarter valued at approximately $252,000. Finally, Sei Investments Co. bought a new position in JinkoSolar in the 3rd quarter worth approximately $525,000. 35.82% of the stock is owned by hedge funds and other institutional investors.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.