JinkoSolar (JKS) Projected to Post Quarterly Earnings on Wednesday

JinkoSolar (NYSE:JKS) is projected to post its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect JinkoSolar to post earnings of ($0.18) per share and revenue of $3.38 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

JinkoSolar Stock Performance

JKS stock opened at $22.61 on Monday. The stock’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $23.12. JinkoSolar has a 12-month low of $16.70 and a 12-month high of $37.36. The firm has a market cap of $1.20 billion, a P/E ratio of 38.32 and a beta of 0.40. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Daiwa Capital Markets downgraded shares of JinkoSolar from an “underperform” rating to a “sell” rating in a research report on Friday, January 10th. Glj Research cut their target price on shares of JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a report on Thursday, January 23rd. Finally, Jefferies Financial Group lifted their target price on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, JinkoSolar has an average rating of “Hold” and an average price target of $28.49.

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.