JinkoSolar Holding Co. Coverage Initiated by Analysts at Credit Suisse (JKS)
Research analysts at Credit Suisse began coverage on shares of JinkoSolar Holding Co. (NYSE:JKS) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
JinkoSolar Holding Co. (NYSE:JKS) opened at 17.36 on Monday. JinkoSolar Holding Co. has a 52-week low of $3.18 and a 52-week high of $20.06. The stock’s 50-day moving average is $15.73 and its 200-day moving average is $9.9. The company’s market cap is $386.5 million.
JinkoSolar Holding Co. (NYSE:JKS) last announced its earnings results on Wednesday, August 14th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.63. The company had revenue of $287.60 million for the quarter, compared to the consensus estimate of $298.84 million. During the same quarter in the prior year, the company posted ($2.11) earnings per share. The company’s quarterly revenue was up 47.6% on a year-over-year basis. On average, analysts predict that JinkoSolar Holding Co. will post $0.23 earnings per share for the current fiscal year.
Separately, analysts at Roth Capital upgraded shares of JinkoSolar Holding Co. (NYSE:JKS) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, August 15th. They now have a $18.00 price target on the stock, up previously from $9.00.
JinkoSolar Holding Co, Ltd. is a solar product manufacturer. The Company has built a vertically integrated solar product value chain from recovered silicon materials to solar modules.
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