JinkoSolar (NYSE:JKS) Trading Up 5.6%

JinkoSolar Holding Co., Ltd. (NYSE:JKS) was up 5.6% during mid-day trading on Tuesday . The company traded as high as $42.75 and last traded at $42.52. Approximately 13,176 shares traded hands during trading, a decline of 100% from the average daily volume of 2,844,757 shares. The stock had previously closed at $40.25.

A number of analysts have issued reports on JKS shares. The Goldman Sachs Group lifted their price target on JinkoSolar from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Monday, January 4th. Roth Capital lifted their price target on JinkoSolar from $37.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, December 14th. Zacks Investment Research raised JinkoSolar from a “sell” rating to a “hold” rating in a report on Monday, March 15th. Finally, CICC Research downgraded JinkoSolar from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.22.

The company has a 50 day simple moving average of $47.06 and a 200 day simple moving average of $57.75. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.75 billion, a PE ratio of 29.21 and a beta of 1.09.

A number of institutional investors and hedge funds have recently bought and sold shares of JKS. Exchange Traded Concepts LLC purchased a new stake in JinkoSolar during the 4th quarter valued at approximately $27,000. Fieldpoint Private Securities LLC purchased a new stake in JinkoSolar during the 4th quarter valued at approximately $31,000. Banque Cantonale Vaudoise purchased a new stake in JinkoSolar during the 4th quarter valued at approximately $41,000. Wells Fargo & Company MN raised its stake in JinkoSolar by 100.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,000 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 500 shares during the last quarter. Finally, Sowell Financial Services LLC raised its stake in JinkoSolar by 205.6% during the 4th quarter. Sowell Financial Services LLC now owns 1,372 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 923 shares during the last quarter. 57.91% of the stock is owned by hedge funds and other institutional investors.

About JinkoSolar (NYSE:JKS)

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.

Featured Story: What Is an EV Stock

Receive News & Ratings for JinkoSolar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar and related companies with MarketBeat.com's FREE daily email newsletter.