JinkoSolar Holding Company Limi (NYSE:JKS):
JinkoSolar Signed A Cooperation Agreement with Quantum Power GK in Japan.
The company is down by -4.51% since yesterday’s close of $18.19.
JinkoSolar Holding Co., Ltd., launched on August 3, 2007, operates in the photovoltaic (PV) industry. The Company has a vertically integrated solar power product value chain, ranging from recovering silicon materials to manufacturing solar modules and solar power generation. The Business’s segments are the manufacturing segment and the solar power projects segment. The manufacturing segment comprises its vertically integrated solar power product manufacturing business, under which the Company manufactures silicon ingots, wafers, cells and solar modules. The solar power projects segment comprises the downstream solar power generation, construction and operation business, including power generation; engineering, procurement and construction (EPC), and connecting solar power projects to the grid, and operation and maintenance (O&M) of the solar power projects. The Company sells its solar modules under the JinkoSolar brand..
Company chares are trading at $17.37 a tad below $17.79, the 50 day moving average and marginally over the 200 day moving average of $16.30. The 50 day moving average was down $-0.42 and the 200 day average went up $1.07 or +6.57%.
JinkoSolar Holding Company Limi currently has a P/E ratio of 2.43 and market capitalization is 555.79M. As of the last earnings report the EPS was $7.16 and is estimated to be $2.47 for the current year with 31,997,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.41 with next year’s EPS projected to be $2.05.
Ratings firms have released opinions on JKS. On May 26 the company was downgraded from “” to “Underweight” in a statement from Morgan Stanley. On November 14 analysts at Credit Suisse added JKS to its research portfolio by announcing an initial rating of “Outperform”.
Craig-Hallum starting coverage on JKS with a rating of “Buy”. On August 18 Credit Suisse left the company rating at “Outperform” but lowered the price target to $30.00 from $40.00.
On June 9, 2016 the stock rating was rated “Overweight” by JP Morgan which was a boost from the previous “” rating. March 21 investment analysts at Credit Suisse kept the stock rating at “Outperform” but lowered the price expectation from $42.00 to $40.00.