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

JinkoSolar (NYSE:JKS)‘s stock had its “neutral” rating reissued by analysts at Roth Mkm in a report released on Tuesday, Benzinga reports. They currently have a $25.00 price objective on the semiconductor company’s stock. Roth Mkm’s price objective suggests a potential downside of 0.40% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Daiwa Capital Markets cut 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. StockNews.com cut shares of JinkoSolar from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Roth Capital cut shares of JinkoSolar from a “buy” rating to a “neutral” rating in a report on Thursday, March 21st. UBS Group dropped their target price 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. Finally, The Goldman Sachs Group lowered their price target on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, JinkoSolar has an average rating of “Hold” and a consensus target price of $26.60.

JinkoSolar Trading Up 4.1 %

JinkoSolar stock opened at $25.10 on Tuesday. The firm has a 50-day moving average of $24.93 and a 200-day moving average of $29.00. JinkoSolar has a one year low of $21.06 and a one year high of $49.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.80. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 3.79 and a beta of 0.37.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($1.11). JinkoSolar had a return on equity of 11.29% and a net margin of 2.74%. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.08 billion. On average, equities analysts expect that JinkoSolar will post 5.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Capstone Investment Advisors LLC grew its position in shares of JinkoSolar by 81.6% during the 1st quarter. Capstone Investment Advisors LLC now owns 29,625 shares of the semiconductor company’s stock worth $746,000 after purchasing an additional 13,314 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 purchasing an additional 12,464 shares in the last quarter. Green Alpha Advisors LLC grew 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 purchasing an additional 13,674 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in shares of JinkoSolar during the 4th quarter worth approximately $126,000. Finally, CoreCommodity Management LLC grew its position in shares of JinkoSolar by 45.1% during the 4th quarter. CoreCommodity Management LLC now owns 17,540 shares of the semiconductor company’s stock worth $648,000 after purchasing an additional 5,453 shares in the last quarter. 35.82% of the stock is owned by 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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.