Key Points
- Director Xianhua Li sold 1.28 million JinkoSolar shares on May 13 at an average price of $25.53, totaling about $32.7 million. After the sale, he still held more than 10.3 million shares.
- JinkoSolar shares were trading lower at $24.61, giving the company a market value of about $1.29 billion. The stock has traded between $17.53 and $31.88 over the past 12 months.
- The company recently reported a quarterly loss of $1.52 per share, though that beat analyst expectations. Wall Street’s overall view remains Hold, with an average target price of $24.13.
JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) Director Wing Keong Siew sold 16,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $26.11, for a total value of $417,760.00. Following the completion of the sale, the director directly owned 186,000 shares in the company, valued at approximately $4,856,460. The trade was a 7.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
JinkoSolar Stock Down 0.9%
Shares of JKS opened at $24.61 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16. JinkoSolar Holding Company Limited has a 12 month low of $17.53 and a 12 month high of $31.88. The stock's 50 day moving average is $24.02 and its two-hundred day moving average is $25.77. The firm has a market cap of $1.29 billion, a P/E ratio of -2.53 and a beta of 0.53.
JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported ($1.52) EPS for the quarter, beating the consensus estimate of ($1.84) by $0.32. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%. Analysts predict that JinkoSolar Holding Company Limited will post -2.76 earnings per share for the current fiscal year.
Hedge Funds Weigh In On JinkoSolar
Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in JinkoSolar during the second quarter worth approximately $47,000. Banque Cantonale Vaudoise purchased a new position in JinkoSolar during the fourth quarter worth approximately $58,000. Leonteq Securities AG purchased a new position in JinkoSolar during the fourth quarter worth approximately $101,000. Federation des caisses Desjardins du Quebec lifted its position in JinkoSolar by 277.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company's stock worth $183,000 after buying an additional 5,211 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in JinkoSolar during the third quarter worth approximately $182,000. Hedge funds and other institutional investors own 35.82% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Wall Street Zen raised JinkoSolar from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. UBS Group lowered their price target on JinkoSolar from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 29th. Freedom Capital raised JinkoSolar from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 17th. Daiwa Securities Group raised JinkoSolar from a "sell" rating to a "buy" rating and set a $28.50 price target on the stock in a research note on Tuesday, March 24th. Finally, Weiss Ratings lowered JinkoSolar from a "hold (c-)" rating to a "sell (d)" rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $24.13.
Check Out Our Latest Stock Report on JinkoSolar
About JinkoSolar
(
Get Free Report)
JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world's largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.
JinkoSolar's product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.
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