StockNews.com Upgrades JinkoSolar (NYSE:JKS) to Hold

JinkoSolar (NYSE:JKS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other research analysts have also commented on the stock. Roth Mkm dropped their price objective on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. The Goldman Sachs Group dropped their price objective on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.60.

JinkoSolar Trading Down 2.2 %

NYSE JKS opened at $19.93 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 1.08. The firm has a market cap of $1.06 billion, a PE ratio of 3.14 and a beta of 0.40. JinkoSolar has a one year low of $16.70 and a one year high of $38.65. The firm’s fifty day moving average is $19.73 and its two-hundred day moving average is $22.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP increased its stake in shares of JinkoSolar by 372.9% during the first quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock worth $1,948,000 after acquiring an additional 60,992 shares during the period. SG Americas Securities LLC increased its stake in shares of JinkoSolar by 16.0% during the second quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 2,939 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in JinkoSolar by 31.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,588 shares of the semiconductor company’s stock worth $1,300,000 after buying an additional 12,464 shares in the last quarter. Vanguard Group Inc. boosted its holdings in JinkoSolar by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,591,101 shares of the semiconductor company’s stock worth $40,080,000 after buying an additional 14,491 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted 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 buying an additional 4,100 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Company Profile

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.