JinkoSolar (NYSE:JKS) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of JinkoSolar (NYSE:JKS) from a sell rating to a hold rating in a report published on Monday.

JinkoSolar Price Performance

Shares of NYSE JKS opened at $17.27 on Monday. The company has a market capitalization of $917.99 million, a price-to-earnings ratio of 2.69 and a beta of 0.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 0.77. JinkoSolar has a 1-year low of $16.70 and a 1-year high of $38.65. The business has a 50-day moving average of $20.22 and a 200-day moving average of $23.46.

JinkoSolar Announces Dividend

The company also recently announced a Variable dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 15.6%. JinkoSolar’s payout ratio is currently 46.18%.

Hedge Funds Weigh In On JinkoSolar

A number of institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC boosted its stake in shares of JinkoSolar by 607.7% during the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 3,476 shares during the last quarter. Barometer Capital Management Inc. acquired a new stake in JinkoSolar in the fourth quarter valued at $126,000. Daiwa Securities Group Inc. boosted its stake in JinkoSolar by 117.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 4,100 shares during the last quarter. Banco BTG Pactual S.A. acquired a new position in JinkoSolar during the 1st quarter worth $207,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of JinkoSolar by 43.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,659 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 3,521 shares during the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

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.