The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) is a huge mover today! About 308,628 shares traded hands. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 37.81% since March 2, 2016 and is downtrending. It has underperformed by 46.07% the S&P500.
The move comes after 6 months positive chart setup for the $495.08M company. It was reported on Oct, 5 by Barchart.com. We have $40.34 PT which if reached, will make NYSE:JKS worth $722.82M more.
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. Roth Capital maintained the shares of JKS in a report on Friday, November 20 with “Buy” rating. On Friday, August 5 the stock rating was downgraded by Roth Capital to “Neutral”. The firm has “Outperform” rating given on Friday, December 18 by Northland Capital. The firm earned “Outperform” rating on Monday, March 21 by Credit Suisse. TH Capital maintained it with “Buy” rating and $35 target price in Friday, November 20 report. Roth Capital maintained the stock with “Buy” rating in Tuesday, August 25 report.
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 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 Schaeffersresearch.com published the news titled: “Buzz Stocks: Aerie Pharmaceuticals Inc, JinkoSolar Holding Co., Ltd., and …” on September 15, 2016. Twst.com‘s news article titled: “JinkoSolar Holdings Company Ltd.: JinkoSolar Modules to Power Arc House at …” with publication date: September 17, 2016 was also an interesting one.
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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