JinkoSolar (NYSE:JKS) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of JinkoSolar (NYSE:JKS) from a hold rating to a sell rating in a research report released on Saturday morning.

JKS has been the subject of a number of other research reports. The Goldman Sachs Group raised their price objective on shares of JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Wednesday, November 19th. Roth Mkm increased their target price on JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JinkoSolar in a research report on Wednesday, December 24th. UBS Group reiterated a “neutral” rating on shares of JinkoSolar in a report on Friday, November 28th. Finally, Zacks Research lowered JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, JinkoSolar presently has a consensus rating of “Reduce” and an average price target of $22.33.

JinkoSolar Stock Performance

Shares of JKS opened at $23.36 on Friday. The company has a 50-day moving average of $26.95 and a two-hundred day moving average of $25.74. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -2.55 and a beta of 0.55. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.30 and a quick ratio of 1.02. JinkoSolar has a one year low of $13.42 and a one year high of $31.88.

Institutional Investors Weigh In On JinkoSolar

A number of institutional investors have recently modified their holdings of the stock. MTM Investment Management LLC acquired a new position in shares of JinkoSolar in the second quarter worth $28,000. Raymond James Financial Inc. acquired a new stake in JinkoSolar during the second quarter valued at $47,000. Banque Cantonale Vaudoise purchased a new position in JinkoSolar in the fourth quarter valued at about $58,000. Leonteq Securities AG acquired a new position in JinkoSolar in the 4th quarter worth about $101,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of JinkoSolar during the 3rd quarter worth about $182,000. Institutional investors and hedge funds own 35.82% of the company’s stock.

About JinkoSolar

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.