JinkoSolar (NYSE:JKS) Rating Increased to Buy at Roth Capital

JinkoSolar (NYSE:JKS) was upgraded by equities research analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research report issued on Monday, February 4th, Marketbeat reports. The brokerage currently has a $11.50 target price on the semiconductor company’s stock, down from their previous target price of $20.00. Roth Capital’s target price would suggest a potential downside of 44.74% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. ValuEngine upgraded shares of JinkoSolar from a “strong sell” rating to a “sell” rating in a research note on Friday, January 25th. UBS Group lowered their price objective on shares of JinkoSolar from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. TheStreet upgraded shares of JinkoSolar from a “d+” rating to a “c” rating in a research note on Thursday, January 17th. Credit Suisse Group reaffirmed a “neutral” rating on shares of JinkoSolar in a research report on Tuesday, November 27th. Finally, Williams Capital initiated coverage on JinkoSolar in a research report on Wednesday, December 19th. They issued a “sell” rating and a $1.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.58.

JKS stock traded up $0.22 during midday trading on Monday, hitting $20.81. 889,350 shares of the company traded hands, compared to its average volume of 934,858. JinkoSolar has a twelve month low of $7.11 and a twelve month high of $21.80. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.21. The company has a market cap of $593.71 million, a PE ratio of 30.60, a price-to-earnings-growth ratio of 0.71 and a beta of 2.32.

Several large investors have recently made changes to their positions in JKS. Quantamental Technologies LLC acquired a new stake in JinkoSolar in the fourth quarter worth about $57,000. Wealth Architects LLC bought a new position in shares of JinkoSolar during the 4th quarter valued at about $117,000. Granite Point Capital Management L.P. bought a new position in shares of JinkoSolar during the 4th quarter valued at about $124,000. Mackenzie Financial Corp bought a new position in shares of JinkoSolar during the 3rd quarter valued at about $165,000. Finally, Two Sigma Advisers LP bought a new position in shares of JinkoSolar during the 4th quarter valued at about $157,000. Institutional investors own 29.89% of the company’s stock.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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