Price Action Alert: JinkoSolar Holding Co., Ltd. Declines Again; Strong Momentum for Sellers

Price Action Alert: JinkoSolar Holding Co., Ltd. Declines Again; Strong Momentum for Sellers

The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) is a huge mover today! The stock decreased 4.24% or $0.7 during the last trading session, hitting $15.8. About 424,673 shares traded hands. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 33.89% since February 29, 2016 and is downtrending. It has underperformed by 44.32% the S&P500.
The move comes after 8 months negative chart setup for the $519.20M company. It was reported on Oct, 1 by Barchart.com. We have $14.54 PT which if reached, will make NYSE:JKS worth $41.54M less.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) Ratings Coverage

Out of 4 analysts covering JinkoSolar Holding Co. (NYSE:JKS), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. JinkoSolar Holding Co. has been the topic of 7 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The rating was maintained by TH Capital with “Buy” on Friday, November 20. The company was maintained on Monday, March 21 by Credit Suisse. The firm has “Neutral” rating by Roth Capital given on Friday, August 5. The firm has “Buy” rating by Roth Capital given on Friday, November 20. The firm has “Outperform” rating by Northland Capital given on Friday, December 18. The rating was maintained by Roth Capital on Tuesday, August 25 with “Buy”.

According to Zacks Investment Research, “JinkoSolar Holding Co., Ltd. is a solar product manufacturer with operations based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar’s principal products are silicon wafers, solar cells and solar modules which are all along the photovoltaic value chain, with a global network spanning across Europe, North America and Asia.”

More important recent JinkoSolar Holding Co., Ltd. (NYSE:JKS) news were published by: Prnewswire.com which released: “JinkoSolar Attends B20 Summit in Hangzhou” on September 02, 2016, also Fool.com published article titled: “Why Shares of JinkoSolar Holding Co., Ltd. Plunged 13% in March”, Schaeffersresearch.com published: “Buzz Stocks: Aerie Pharmaceuticals Inc, JinkoSolar Holding Co., Ltd., and …” on September 15, 2016. More interesting news about JinkoSolar Holding Co., Ltd. (NYSE:JKS) was released by: Prnewswire.com and their article: “JinkoSolar Helps Create Nation’s First PV Recycling Network” with publication date: September 26, 2016.

JKS Company Profile

JinkoSolar Holding Co., Ltd., incorporated on August 3, 2007, operates in the photovoltaic (PV) industry. The Firm has a vertically integrated solar power product value chain, ranging from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s divisions 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 makes 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 Firm sells its solar modules under the JinkoSolar brand.

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