2 weeks Ago By ABMN Staff
JinkoSolar Holding Co., Ltd. ( NYSE:JKS – Get Free Report ) gapped up prior to trading on Friday .
The stock had previously closed at $21.25, but opened at $21.95.
JinkoSolar shares last traded at $22.42, with a volume of 153,370 shares traded. Wall Street Analyst Weigh In Several equities analysts have weighed in on the stock.
Roth Mkm lowered their price target on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th.
The Goldman Sachs Group lowered their price objective on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, September 3rd.
Finally, StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock.
According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.60. Check Out Our Latest Analysis on JinkoSolar JinkoSolar Stock Performance JinkoSolar ( NYSE:JKS – Get Free Report ) last announced its earnings results on Friday, August 30th.
The semiconductor company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.
92. JinkoSolar had a net margin of 1.65% and a return on equity of 7.
86%. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.
85 billion. Research analysts anticipate that JinkoSolar Holding Co., Ltd.
will post -0.42 earnings per share for the current year. JinkoSolar Announces Dividend The firm also recently disclosed a Variable dividend, which was paid on Friday, August 30th.
Stockholders of record on Thursday, August 15th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, August 15th.
This represents a dividend yield of 15.6%. JinkoSolar’s dividend payout ratio is presently 46.
18%. Institutional Inflows and Outflows Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its holdings in shares of JinkoSolar by 4.
0% in the first quarter. Tidal Investments LLC now owns 21,629 shares of the semiconductor company’s stock worth $545,000 after buying an additional 825 shares during the last quarter. Profund Advisors LLC raised its position in JinkoSolar by 8.
5% during the 2nd quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock worth $253,000 after buying an additional 960 shares during the last quarter. SG Americas Securities LLC lifted its stake in JinkoSolar by 16.
0% during the 2nd quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 2,939 shares during the period. Barometer Capital Management Inc.
acquired a new stake in shares of JinkoSolar in the fourth quarter worth $126,000. Finally, Headlands Technologies LLC raised its holdings in shares of JinkoSolar by 607.7% during the second quarter.
Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 3,476 shares during the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.
About JinkoSolar ( Get Free Report ) 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. Featured Articles Receive News & Ratings for JinkoSolar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar and related companies with MarketBeat.com's FREE daily email newsletter .
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