JinkoSolar (NYSE:JKS) Stock Price Up 5.7% – Should You Buy?

JinkoSolar Holding Co., Ltd. (NYSE:JKS)’s stock price rose 5.7% on Monday . The company traded as high as $25.28 and last traded at $25.16. Approximately 406,377 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 1,084,890 shares. The stock had previously closed at $23.80.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JKS shares. StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group increased their price target on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. The Goldman Sachs Group lowered their target price on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, September 3rd. Finally, Roth Mkm cut their price target on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.33.

JinkoSolar Trading Up 5.1 %

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. The firm’s fifty day moving average price is $23.92 and its 200-day moving average price is $22.26. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 42.39 and a beta of 0.35.

Hedge Funds Weigh In On JinkoSolar

Large investors have recently bought and sold shares of the stock. Barclays PLC raised its position in JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 537 shares in the last quarter. Signaturefd LLC raised its holdings in shares of JinkoSolar by 108.0% in the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 647 shares in the last quarter. Profund Advisors LLC lifted its stake in JinkoSolar by 8.5% during the second quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 960 shares during the last quarter. Daiwa Securities Group Inc. grew its position in JinkoSolar by 15.8% in the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock worth $236,000 after buying an additional 1,200 shares during the last quarter. Finally, Green Alpha Advisors LLC increased its holdings in shares of JinkoSolar by 2.1% in the third quarter. Green Alpha Advisors LLC now owns 71,548 shares of the semiconductor company’s stock valued at $1,919,000 after buying an additional 1,497 shares in the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

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.