JinkoSolar (NYSE:JKS) Reaches New 1-Year Low at $21.56

JinkoSolar Holding Co., Ltd. (NYSE:JKS) reached a new 52-week low during trading on Wednesday . The company traded as low as $21.56 and last traded at $21.60, with a volume of 930345 shares trading hands. The stock had previously closed at $22.51.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on JKS shares. Daiwa Capital Markets lowered shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research note on Monday, February 5th. Roth Mkm restated a “neutral” rating and issued a $25.00 price target (down previously from $50.00) on shares of JinkoSolar in a research report on Thursday, March 21st. The Goldman Sachs Group decreased their price target on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Thursday, April 11th. HSBC restated a “hold” rating and issued a $30.00 price target on shares of JinkoSolar in a research report on Monday, February 5th. Finally, Roth Capital lowered shares of JinkoSolar from a “buy” rating to a “neutral” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, JinkoSolar presently has an average rating of “Hold” and a consensus price target of $26.60.

JinkoSolar Stock Down 0.5 %

The business’s 50 day simple moving average is $25.46 and its 200-day simple moving average is $29.36. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 2.75 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.04.

JinkoSolar (NYSE:JKS) last issued its earnings results 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 company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.08 billion. JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. Sell-side analysts expect that JinkoSolar Holding Co., Ltd. will post 5.27 earnings per share for the current year.

Institutional Investors Weigh In On JinkoSolar

Institutional investors and hedge funds have recently modified their holdings of the business. Toroso Investments LLC acquired a new stake in shares of JinkoSolar in the 3rd quarter valued at $35,000. FMR LLC lifted its stake in shares of JinkoSolar by 657.5% in the 3rd quarter. FMR LLC now owns 909 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 789 shares during the last quarter. Natixis acquired a new stake in shares of JinkoSolar in the 4th quarter valued at $41,000. Signaturefd LLC raised its holdings in JinkoSolar by 202.1% in the 4th quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 673 shares during the period. Finally, Headlands Technologies LLC bought a new position in JinkoSolar in the 3rd quarter worth $31,000. 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; and develops commercial solar power projects.