JinkoSolar Holding Company Limited (NYSE:JKS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “JinkoSolar Holding Co., Ltd. is a solar product manufacturer with operations based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar’s principal products are silicon wafers, solar cells and solar modules which are all along the photovoltaic value chain, with a global network spanning across Europe, North America and Asia. “

A number of other research analysts also recently commented on JKS. ValuEngine downgraded shares of JinkoSolar Holding Company Limited from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Roth Capital boosted their price objective on shares of JinkoSolar Holding Company Limited from $18.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Axiom Securities began coverage on shares of JinkoSolar Holding Company Limited in a research report on Thursday, September 21st. They set a “sell” rating and a $10.00 price objective on the stock. Finally, Credit Suisse Group downgraded shares of JinkoSolar Holding Company Limited from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $20.00 in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.40.

Shares of JinkoSolar Holding Company Limited (JKS) traded down $1.00 on Thursday, reaching $25.91. 1,188,200 shares of the company were exchanged, compared to its average volume of 785,843. JinkoSolar Holding Company Limited has a 52-week low of $12.95 and a 52-week high of $30.50. The stock has a market capitalization of $843.28, a P/E ratio of 12.18, a PEG ratio of -3.49 and a beta of 1.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.02 and a quick ratio of 0.76.

JinkoSolar Holding Company Limited (NYSE:JKS) last announced its quarterly earnings data on Wednesday, September 6th. The semiconductor company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.49). JinkoSolar Holding Company Limited had a net margin of 5.42% and a return on equity of 7.88%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $998.22 million. During the same period in the previous year, the firm posted $2.04 earnings per share. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. equities analysts predict that JinkoSolar Holding Company Limited will post 0.77 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. lifted its stake in JinkoSolar Holding Company Limited by 20,995.0% in the third quarter. Advisor Group Inc. now owns 4,219 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 4,199 shares during the last quarter. Quantbot Technologies LP acquired a new stake in JinkoSolar Holding Company Limited in the third quarter valued at approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in JinkoSolar Holding Company Limited in the third quarter valued at approximately $162,000. Aperio Group LLC acquired a new stake in JinkoSolar Holding Company Limited in the second quarter valued at approximately $205,000. Finally, Granite Point Capital Management L.P. acquired a new stake in JinkoSolar Holding Company Limited in the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 23.10% of the company’s stock.

JinkoSolar Holding Company Limited Company Profile

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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