Worth Watching: JinkoSolar Holding Co., Ltd. Can’t Burn Your Short Portfolio. Has Another Weak Session

Worth Watching: JinkoSolar Holding Co., Ltd. Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) is a huge mover today! About 490,292 shares traded hands or 8.51% up from the average. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 35.65% since April 18, 2016 and is downtrending. It has underperformed by 40.08% the S&P500.
The move comes after 5 months negative chart setup for the $452.27M company. It was reported on Nov, 18 by Barchart.com. We have $11.92 PT which if reached, will make NYSE:JKS worth $49.75M less.

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

Out of 5 analysts covering JinkoSolar Holding Co. (NYSE:JKS), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. JinkoSolar Holding Co. has been the topic of 8 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) earned “Buy” rating by Roth Capital on Friday, November 20. The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) earned “Outperform” rating by Credit Suisse on Monday, March 21. The firm has “Outperform” rating given on Friday, December 18 by Northland Capital. On Friday, November 20 the stock rating was maintained by TH Capital with “Buy”. The stock has “Buy” rating given by Roth Capital on Tuesday, August 25. The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) has “Neutral” rating given on Friday, August 5 by Roth Capital.

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 notable recent JinkoSolar Holding Co., Ltd. (NYSE:JKS) news were published by: Investorplace.com which released: “JinkoSolar Holding Co., Ltd. (JKS) Stock Surges on Earnings Beat” on November 16, 2016, also Nasdaq.com with their article: “Earnings Reaction History: JinkoSolar Holding Co., Ltd., 36.4% Follow-Through …” published on November 16, 2016, Fool.com published: “Why Shares of JinkoSolar Holding Co., Ltd. Plunged 14% in September” on October 06, 2016. More interesting news about JinkoSolar Holding Co., Ltd. (NYSE:JKS) were released by: Rttnews.com and their article: “JinkoSolar Holding Co., Ltd. Bottom Line Rises 21% In Q3” published on November 16, 2016 as well as Fool.com‘s news article titled: “Why Shares of JinkoSolar Holding Co., Ltd. Plunged 13% in March” with publication date: April 07, 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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