Q4 2024 EPS Estimates for JinkoSolar Holding Co., Ltd. (NYSE:JKS) Reduced by Roth Capital

JinkoSolar Holding Co., Ltd. (NYSE:JKS) – Equities research analysts at Roth Capital decreased their Q4 2024 earnings estimates for JinkoSolar in a research note issued on Monday, April 29th. Roth Capital analyst P. Shen now forecasts that the semiconductor company will earn $1.47 per share for the quarter, down from their previous forecast of $1.70. Roth Capital currently has a “Neutral” rating on the stock. The consensus estimate for JinkoSolar’s current full-year earnings is $5.27 per share. Roth Capital also issued estimates for JinkoSolar’s Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.35 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $2.16 EPS and FY2025 earnings at $6.25 EPS.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($1.11). The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.08 billion. JinkoSolar had a return on equity of 11.29% and a net margin of 2.74%.

A number of other equities research analysts also recently weighed in on JKS. The Goldman Sachs Group dropped their target price on JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a report on Thursday, April 11th. UBS Group cut their price objective on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. StockNews.com cut shares of JinkoSolar from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. HSBC reiterated a “hold” rating and issued a $30.00 price target on shares of JinkoSolar in a research note on Monday, February 5th. Finally, Roth Mkm restated a “neutral” rating and set a $25.00 price objective on shares of JinkoSolar in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.60.

JinkoSolar Stock Performance

JKS opened at $25.10 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.80. The business has a fifty day simple moving average of $24.93 and a 200 day simple moving average of $29.00. JinkoSolar has a 1 year low of $21.06 and a 1 year high of $49.20. The company has a market capitalization of $1.32 billion, a PE ratio of 3.79 and a beta of 0.37.

Institutional Investors Weigh In On JinkoSolar

A number of large investors have recently modified their holdings of JKS. Bank of New York Mellon Corp boosted its stake in JinkoSolar by 10.7% in the third quarter. Bank of New York Mellon Corp now owns 65,392 shares of the semiconductor company’s stock valued at $1,986,000 after buying an additional 6,299 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of JinkoSolar by 109.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,215 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 1,678 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of JinkoSolar by 22.6% during the 3rd quarter. Mackenzie Financial Corp now owns 2,678,032 shares of the semiconductor company’s stock valued at $78,895,000 after purchasing an additional 493,976 shares during the last quarter. California Public Employees Retirement System increased its position in JinkoSolar by 3.0% during the 3rd quarter. California Public Employees Retirement System now owns 73,834 shares of the semiconductor company’s stock worth $2,242,000 after purchasing an additional 2,142 shares in the last quarter. Finally, Barclays PLC lifted its stake in JinkoSolar by 732.1% in the 3rd quarter. Barclays PLC now owns 65,956 shares of the semiconductor company’s stock valued at $2,003,000 after purchasing an additional 58,030 shares during the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.