JinkoSolar Holding Co. (JKS) Set to Announce Quarterly Earnings on Wednesday
JinkoSolar Holding Co. (NYSE:JKS) is set to announce its Q316 earnings results on Wednesday, November 16th. Analysts expect the company to announce earnings of $0.55 per share and revenue of $749.37 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
JinkoSolar Holding Co. (NYSE:JKS) opened at 13.15 on Tuesday. JinkoSolar Holding Co. has a 1-year low of $12.92 and a 1-year high of $29.50. The firm has a market cap of $414.11 million, a P/E ratio of 2.53 and a beta of 2.33. The stock has a 50 day moving average price of $15.85 and a 200-day moving average price of $18.72.
A number of brokerages recently issued reports on JKS. Zacks Investment Research cut shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. Credit Suisse Group AG decreased their price objective on shares of JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, August 18th. Roth Capital cut shares of JinkoSolar Holding from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $18.00 to $30.00 in a research note on Friday, August 5th. Morgan Stanley set a $27.20 price objective on shares of JinkoSolar Holding and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Craig Hallum began coverage on shares of JinkoSolar Holding in a research note on Tuesday, November 8th. They issued a “buy” rating and a $36.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $30.24.
Several hedge funds have recently bought and sold shares of the company. KCG Holdings Inc. boosted its stake in JinkoSolar Holding by 37.8% in the second quarter. KCG Holdings Inc. now owns 18,727 shares of the company’s stock worth $382,000 after buying an additional 5,136 shares during the last quarter. Contrarian Capital Management L.L.C. bought a new stake in JinkoSolar Holding during the second quarter worth $846,000. Toronto Dominion Bank bought a new stake in JinkoSolar Holding during the second quarter worth $1,100,000. BlackRock Institutional Trust Company N.A. boosted its stake in JinkoSolar Holding by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 75,728 shares of the company’s stock worth $1,197,000 after buying an additional 1,750 shares during the last quarter. Finally, Allianz Asset Management AG boosted its stake in JinkoSolar Holding by 92.7% in the second quarter. Allianz Asset Management AG now owns 63,200 shares of the company’s stock worth $1,288,000 after buying an additional 30,400 shares during the last quarter. 19.63% of the stock is currently owned by hedge funds and other institutional investors.
JinkoSolar Holding Company Profile
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.
Receive News & Stock Ratings for JinkoSolar Holding Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar Holding Co. and related stocks with our FREE daily email newsletter.