JinkoSolar Holding Company Limited (NYSE:JKS) Given Average Recommendation of “Reduce” by Brokerages

JinkoSolar Holding Company Limited (NYSE:JKSGet Free Report) has been assigned a consensus rating of “Reduce” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.50.

A number of research analysts have commented on JKS shares. Wall Street Zen cut JinkoSolar from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings lowered JinkoSolar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 7th. Zacks Research cut JinkoSolar from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Daiwa Securities Group raised shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price objective for the company in a research note on Tuesday, March 24th.

View Our Latest Stock Analysis on JinkoSolar

Hedge Funds Weigh In On JinkoSolar

A number of institutional investors and hedge funds have recently made changes to their positions in JKS. Invesco Ltd. raised its holdings in JinkoSolar by 15.4% in the fourth quarter. Invesco Ltd. now owns 1,604,250 shares of the semiconductor company’s stock valued at $41,406,000 after acquiring an additional 213,935 shares in the last quarter. Mackenzie Financial Corp boosted its stake in JinkoSolar by 1.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,381,478 shares of the semiconductor company’s stock valued at $36,289,000 after acquiring an additional 20,000 shares in the last quarter. State Street Corp boosted its position in shares of JinkoSolar by 8.0% in the 4th quarter. State Street Corp now owns 735,159 shares of the semiconductor company’s stock valued at $18,978,000 after purchasing an additional 54,661 shares during the period. Legal & General Group Plc lifted its stake in JinkoSolar by 9,212.1% in the fourth quarter. Legal & General Group Plc now owns 499,964 shares of the semiconductor company’s stock valued at $12,904,000 after buying an additional 494,595 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of JinkoSolar by 35.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 414,228 shares of the semiconductor company’s stock valued at $10,691,000 after acquiring an additional 108,744 shares during the period. 35.82% of the stock is owned by institutional investors and hedge funds.

More JinkoSolar News

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JinkoSolar Trading Down 11.6%

NYSE JKS opened at $21.41 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.30 and a quick ratio of 1.02. The stock has a market capitalization of $1.11 billion, a P/E ratio of -2.34 and a beta of 0.59. The firm’s 50-day moving average is $25.29 and its two-hundred day moving average is $25.78. JinkoSolar has a 12 month low of $15.55 and a 12 month high of $31.88.

About JinkoSolar

(Get Free Report)

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.

Further Reading

Analyst Recommendations for JinkoSolar (NYSE:JKS)

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