JinkoSolar Holding Co. (JKS) Sets New 1-Year Low at $14.95
Shares of JinkoSolar Holding Co. (NYSE:JKS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $14.95 and last traded at $15.08, with a volume of 358,261 shares. The stock had previously closed at $15.34.
JKS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of JinkoSolar Holding from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Roth Capital downgraded shares of JinkoSolar Holding from a “buy” rating to a “neutral” rating and increased their price target for the company from $18.00 to $30.00 in a report on Friday, August 5th. Credit Suisse Group AG reduced their price target on shares of JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, August 18th. JPMorgan Chase & Co. raised shares of JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a report on Thursday, June 9th. Finally, Morgan Stanley set a $27.20 price target on shares of JinkoSolar Holding and gave the company a “buy” rating in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. JinkoSolar Holding has a consensus rating of “Buy” and a consensus price target of $29.28.
The company has a 50-day moving average price of $18.49 and a 200-day moving average price of $20.33. The firm has a market capitalization of $473.40 million, a P/E ratio of 2.8460 and a beta of 3.90.
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Large investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new position in JinkoSolar Holding during the second quarter worth approximately $132,000. Public Employees Retirement System of Ohio boosted its position in JinkoSolar Holding by 102.5% in the second quarter. Public Employees Retirement System of Ohio now owns 8,100 shares of the company’s stock worth $165,000 after buying an additional 4,100 shares in the last quarter. Guinness Asset Management Ltd boosted its position in JinkoSolar Holding by 13.4% in the second quarter. Guinness Asset Management Ltd now owns 8,490 shares of the company’s stock worth $173,000 after buying an additional 1,000 shares in the last quarter. BlackRock Inc. boosted its position in JinkoSolar Holding by 137.4% in the first quarter. BlackRock Inc. now owns 8,304 shares of the company’s stock worth $173,000 after buying an additional 4,806 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in JinkoSolar Holding by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 10,972 shares of the company’s stock worth $224,000 after buying an additional 562 shares in the last quarter. Institutional investors and hedge funds own 20.15% of the company’s stock.
About JinkoSolar Holding
JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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