Roth Mkm Reiterates “Neutral” Rating for JinkoSolar (NYSE:JKS)

Roth Mkm reaffirmed their neutral rating on shares of JinkoSolar (NYSE:JKS) in a research note published on Tuesday, Benzinga reports. The firm currently has a $25.00 price target on the semiconductor company’s stock.

Several other research firms have also commented on JKS. Daiwa Capital Markets lowered JinkoSolar from an outperform rating to a neutral rating and set a $25.00 price target for the company. in a research report on Monday, February 5th. StockNews.com downgraded JinkoSolar from a hold rating to a sell rating in a research report on Thursday, April 25th. HSBC reiterated a hold rating and set a $30.00 price target on shares of JinkoSolar in a research note on Monday, February 5th. The Goldman Sachs Group dropped their price objective on shares of JinkoSolar from $26.00 to $23.00 and set a sell rating for the company in a report on Thursday, April 11th. Finally, Roth Capital downgraded shares of JinkoSolar from a buy rating to a neutral rating 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 data from MarketBeat, JinkoSolar currently has a consensus rating of Hold and a consensus target price of $26.60.

JinkoSolar Price Performance

NYSE:JKS opened at $26.19 on Tuesday. The stock’s fifty day moving average is $24.90 and its two-hundred day moving average is $28.95. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.37 billion, a P/E ratio of 4.09 and a beta of 0.38. JinkoSolar has a 52 week low of $21.06 and a 52 week high of $48.82.

JinkoSolar (NYSE:JKS) last announced its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($1.11). The company had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.08 billion. JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. Equities analysts expect that JinkoSolar will post 3.84 EPS for the current year.

Institutional Trading of JinkoSolar

Hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its position in shares of JinkoSolar by 372.9% in the 1st quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock valued at $1,948,000 after purchasing an additional 60,992 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in JinkoSolar by 117.1% in the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 4,100 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in JinkoSolar by 81.6% in the first quarter. Capstone Investment Advisors LLC now owns 29,625 shares of the semiconductor company’s stock valued at $746,000 after buying an additional 13,314 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in JinkoSolar by 31.9% during the 1st 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 during the last quarter. Finally, Green Alpha Advisors LLC boosted its position in shares of JinkoSolar by 21.9% during 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 in the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

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.