JinkoSolar (NYSE:JKS) Downgraded to Sell at StockNews.com

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

JKS has been the topic of a number of other reports. Daiwa Capital Markets lowered shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Monday, February 5th. UBS Group reduced their price objective on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Roth Mkm restated a “neutral” rating and issued a $25.00 price objective (down from $50.00) on shares of JinkoSolar in a report on Thursday, March 21st. The Goldman Sachs Group dropped their target price on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Thursday, April 11th. Finally, HSBC reaffirmed a “hold” rating and issued a $30.00 target price on shares of JinkoSolar in a research report on Monday, February 5th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, JinkoSolar presently has an average rating of “Hold” and an average price target of $26.60.

JinkoSolar Stock Down 1.1 %

Shares of NYSE JKS opened at $22.50 on Wednesday. JinkoSolar has a 12-month low of $22.06 and a 12-month high of $51.35. The stock has a market cap of $1.18 billion, a PE ratio of 2.87 and a beta of 0.37. The company has a current ratio of 1.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $25.63 and a 200 day moving average of $29.46.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($1.11). JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. The business had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.08 billion. As a group, sell-side analysts predict that JinkoSolar will post 5.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Green Alpha Advisors LLC lifted its stake in shares of JinkoSolar by 21.9% in the 1st quarter. Green Alpha Advisors LLC now owns 75,993 shares of the semiconductor company’s stock worth $1,914,000 after acquiring an additional 13,674 shares during the period. Vanguard Group Inc. lifted its stake in shares of JinkoSolar by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,576,610 shares of the semiconductor company’s stock worth $58,240,000 after acquiring an additional 22,254 shares during the period. Virtus Investment Advisers Inc. acquired a new stake in shares of JinkoSolar in the 4th quarter worth $1,108,000. Barclays PLC lifted its stake in shares of JinkoSolar by 126.7% in the 4th quarter. Barclays PLC now owns 149,506 shares of the semiconductor company’s stock worth $5,523,000 after acquiring an additional 83,550 shares during the period. Finally, Vienna Asset Management LLC acquired a new stake in shares of JinkoSolar in the 4th quarter worth $268,000. 35.82% of the stock is owned by hedge funds and other institutional investors.

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; and develops commercial solar power projects.