JinkoSolar (NYSE:JKS) Trading Up 4.8%

JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares were up 4.8% during mid-day trading on Friday . The stock traded as high as $22.89 and last traded at $22.85. Approximately 497,291 shares changed hands during trading, a decline of 44% from the average daily volume of 894,881 shares. The stock had previously closed at $21.81.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on JKS shares. Roth Mkm restated a “neutral” rating and set a $25.00 price objective on shares of JinkoSolar in a research note on Tuesday, April 30th. StockNews.com upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. The Goldman Sachs Group cut their target price on JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Thursday, April 11th. Roth Capital cut JinkoSolar from a “buy” rating to a “neutral” rating in a research note on Thursday, March 21st. Finally, UBS Group cut their target price on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.60.

JinkoSolar Price Performance

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 3.59 and a beta of 0.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 0.77. The business has a fifty day moving average price of $25.13 and a 200 day moving average price of $27.39.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.83. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.27 billion. JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. On average, research analysts expect that JinkoSolar Holding Co., Ltd. will post 2.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Signaturefd LLC grew its holdings in JinkoSolar by 202.1% during the fourth 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. Headlands Technologies LLC grew its holdings in JinkoSolar by 217.0% during the fourth quarter. Headlands Technologies LLC now owns 3,199 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 2,190 shares during the period. Barometer Capital Management Inc. acquired a new position in JinkoSolar during the fourth quarter worth about $126,000. Daiwa Securities Group Inc. grew its holdings in JinkoSolar by 117.1% during the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock worth $191,000 after acquiring an additional 4,100 shares during the period. Finally, Banco BTG Pactual S.A. acquired a new position in JinkoSolar during the first quarter worth about $207,000. 35.82% of the stock is owned by institutional investors and hedge funds.

About JinkoSolar

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.