Roth Capital reissued their neutral rating on shares of JinkoSolar Holding Co. (NYSE:JKS) in a research note issued to investors on Thursday. The brokerage currently has a $18.00 price target on the stock.

Other research analysts have also issued reports about the company. Zacks Investment Research raised JinkoSolar Holding from a sell rating to a hold rating in a research report on Wednesday, August 10th. Morgan Stanley set a $27.20 price target on JinkoSolar Holding and gave the stock a buy rating in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reduced their price target on JinkoSolar Holding from $40.00 to $30.00 and set an outperform rating for the company in a research report on Thursday, August 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $29.28.

JinkoSolar Holding (NYSE:JKS) traded up 0.30% on Thursday, reaching $16.49. The company’s stock had a trading volume of 228,458 shares. JinkoSolar Holding has a 1-year low of $14.32 and a 1-year high of $29.50. The company has a market capitalization of $519.29 million, a price-to-earnings ratio of 3.12 and a beta of 3.36. The firm’s 50 day moving average price is $16.76 and its 200-day moving average price is $19.50.

Several institutional investors have recently modified their holdings of the stock. Numeric Investors LLC boosted its position in JinkoSolar Holding by 120.3% in the second quarter. Numeric Investors LLC now owns 899,208 shares of the company’s stock worth $18,326,000 after buying an additional 491,126 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in JinkoSolar Holding during the second quarter worth $6,669,000. Prudential Financial Inc. boosted its position in JinkoSolar Holding by 132.3% in the second quarter. Prudential Financial Inc. now owns 358,700 shares of the company’s stock worth $7,311,000 after buying an additional 204,300 shares during the last quarter. Kleinwort Benson Investors Dublin Ltd acquired a new position in JinkoSolar Holding during the second quarter worth $4,148,000. Finally, Commerzbank Aktiengesellschaft FI boosted its position in JinkoSolar Holding by 84.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 261,069 shares of the company’s stock worth $5,321,000 after buying an additional 119,771 shares during the last quarter. 19.67% of the stock is owned by institutional investors and hedge funds.

About JinkoSolar Holding

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

5 Day Chart for NYSE:JKS

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