JinkoSolar Holding Company Limited (NYSE:JKS) Given Consensus Rating of “Reduce” by Analysts

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have received an average rating of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $22.3333.

Several research firms have commented on JKS. Zacks Research downgraded JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JinkoSolar in a research note on Wednesday, December 24th. Roth Mkm raised their price objective on shares of JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Wall Street Zen upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, UBS Group reiterated a “neutral” rating on shares of JinkoSolar in a report on Friday, November 28th.

Institutional Investors Weigh In On JinkoSolar

Several institutional investors and hedge funds have recently made changes to their positions in JKS. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of JinkoSolar by 18.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,449 shares of the semiconductor company’s stock worth $498,000 after acquiring an additional 3,608 shares during the last quarter. Geode Capital Management LLC raised its holdings in JinkoSolar by 9.9% during the 2nd quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock worth $799,000 after purchasing an additional 3,394 shares during the last quarter. MTM Investment Management LLC bought a new position in JinkoSolar during the 2nd quarter worth approximately $28,000. JPMorgan Chase & Co. lifted its position in shares of JinkoSolar by 7,759.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 10,941 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of JinkoSolar in the 2nd quarter valued at $1,160,000. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Stock Performance

NYSE JKS opened at $26.46 on Friday. The firm’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $25.50. The stock has a market cap of $1.37 billion, a PE ratio of -2.89 and a beta of 0.52. JinkoSolar has a fifty-two week low of $13.42 and a fifty-two week high of $31.88. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 1.30.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.