JinkoSolar Holding Co. Ltd. (NYSE:JKS) shares traded -0.97% lower at $56.16 on Wall Street last session.
In accordance with the data, 9 analysts cover JinkoSolar Holding Co. Ltd. (NYSE:JKS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $596.01 and a low of $277.80, we find $480.47. Given the previous closing price of $56.71, this indicates a potential upside of 747.24 percent. JKS stock price is now 7.13% away from the 50-day moving average and 1.27% away from the 200-day moving average. The market capitalization of the company currently stands at $2.80B.
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It has been rated a hold by 1 analysts and a buy by 6. Brokers who have rated the stock have averaged $464.20 as their price target over the next twelve months.
With the price target enhanced from $50 to $70, ROTH Capital Upgraded its rating from Neutral to Buy for JinkoSolar Holding Co. Ltd. (NYSE: JKS). On September 29, 2022, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $76, while ‘CIBC’ rates the stock as ‘Sector Outperform’.
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JKS stock. A new stake in JinkoSolar Holding Co. Ltd. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $19,493,000. NISA INVESTMENT ADVISORS, LLC invested $9,323,000 in shares of JKS during the first quarter. In the first quarter, DECADE RENEWABLE PARTNERS LP acquired a new stake in JinkoSolar Holding Co. Ltd. valued at approximately $5,419,000. MY.ALPHA MANAGEMENT HK ADVISORS LTD acquired a new stake in JKS for approximately $2,945,000. NEUBERGER BERMAN GROUP LLC purchased a new stake in JKS valued at around $2,151,000 in the second quarter. In total, there are 222 active investors with 50.90% ownership of the company’s stock.
JinkoSolar Holding Co. Ltd. (NYSE: JKS) opened at $58.49 on Thursday. During the past 12 months, JinkoSolar Holding Co. Ltd. has had a low of $36.51 and a high of $76.92. As of last week, the company has a debt-to-equity ratio of 3.72, a current ratio of 1.10, and a quick ratio of 0.80. The fifty day moving average price for JKS is $52.42 and a two-hundred day moving average price translates $55.45 for the stock.
The latest earnings results from JinkoSolar Holding Co. Ltd. (NYSE: JKS) was released for Sep, 2022. According to the Solar Company, earnings per share came in at $0.91, beating analysts’ expectations of $0.71 by 0.2. This compares to $0.59 EPS in the same period last year. The net profit margin was 0.00% and return on equity was -0.10% for JKS. The company reported revenue of $2.74 billion for the quarter, compared to $1.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 106.31 percent. For the current quarter, analysts expect JKS to generate $3.81B in revenue.
JinkoSolar Holding Co. Ltd.(JKS) 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. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of March 31, 2022, it had an integrated annual capacity of 40 gigawatts (GW) for mono wafers; 40.0 GW for solar cells; and 50.0 GW for solar modules. The company has operations in the People’s Republic of China, the United States, Mexico, Australia, Japan, United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, and Germany. JinkoSolar Holding Co., Ltd. was founded in 2006 and is based in Shangrao, the People’s Republic of China.
