JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Free Report) traded up 5.6% on Monday . The stock traded as high as $23.33 and last traded at $23.01. 74,891 shares were traded during mid-day trading, a decline of 93% from the average session volume of 1,019,176 shares. The stock had previously closed at $21.80.
Analyst Upgrades and Downgrades
JKS has been the topic of a number of recent research reports. Glj Research decreased their target price on JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Daiwa Capital Markets lowered JinkoSolar from an “underperform” rating to a “sell” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.79.
View Our Latest Analysis on JKS
JinkoSolar Stock Performance
Institutional Investors Weigh In On JinkoSolar
Several institutional investors and hedge funds have recently made changes to their positions in JKS. State Street Corp increased its holdings in JinkoSolar by 10.7% during the 3rd quarter. State Street Corp now owns 696,763 shares of the semiconductor company’s stock valued at $18,687,000 after purchasing an additional 67,223 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in shares of JinkoSolar during the fourth quarter worth $5,948,000. Balyasny Asset Management L.P. increased its stake in shares of JinkoSolar by 1,592.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 129,385 shares of the semiconductor company’s stock valued at $3,222,000 after buying an additional 121,740 shares in the last quarter. Millennium Management LLC bought a new position in shares of JinkoSolar in the fourth quarter valued at about $2,846,000. Finally, Hsbc Holdings PLC lifted its position in JinkoSolar by 30.6% during the 4th quarter. Hsbc Holdings PLC now owns 102,523 shares of the semiconductor company’s stock worth $2,553,000 after buying an additional 24,016 shares in the last quarter. Institutional investors and hedge funds own 35.82% 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. 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.
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