JinkoSolar Holding Co., Ltd. is represented on the stock market by the ticker symbol JKS. The analysts at Jefferies Financial Group raised their predictions for the shares of JinkoSolar’s earnings per share (EPS) for the fiscal year 2022 in a research note that was given to investors on Monday, January 9. The note was distributed on the same day. J. Wan, an analyst for Jefferies Financial Group, recently revised his earlier projection for the company’s earnings per share that specializes in semiconductors. He raised it from $3.67 to $4.95, putting the new projection higher than his previous one. The most recent consensus projection puts full-year earnings for JinkoSolar at $3.06 per share, the same amount that the company is currently earning per share. JinkoSolar is expected to earn $7.90 per share in the fiscal year 2023, $9.39 per share in the fiscal year 2024, and $12.99 per share in the fiscal year 2025, according to Jefferies Financial Group.
In reports they have issued, other equity research analysts have also published their findings on the company they have investigated. As part of an ongoing research investigation, HSBC started providing coverage for JinkoSolar on September 28, a Wednesday. They suggested investing in the company’s stock and established a price target of $70.00 per share. Roth Capital raised their price objective for JinkoSolar by $50.00, bringing the total to $70.00, as stated in a research report that was made public on Wednesday. In addition, they changed the company’s rating from “neutral” to “buy,” reflecting their optimistic outlook on its prospects. Following the findings of a research study released by TheStreet on Friday, October 28, the rating for JinkoSolar was raised from a “d+” to a “c,” signifying an improvement in the company’s standing. In a research report made available to the public on Friday, October 21, JinkoSolar was upgraded from a “sell” rating at StockNews.com to a “hold” rating. The share has been assigned four unique ratings, including two hold ratings, two buy recommendations, and one sell rating, all provided by equity research experts. According to Bloomberg.com, the company is currently rated as having a consensus rating of “Hold,” and its target price is reported to be an average of $58.25.
When trading started on Thursday, the share price of JinkoSolar Corporation was $58.29. The stock currently has a 50-day moving average of $47.77, and its 200-day moving average is $54.62urrently has a 50-day moving average of $47.77 and its 200-day moving average is $54.62. During the same period, JinkoSolar experienced a one-year high of $76.92 and a one-year low of $35.41 in its share price. The stock is trading at a price far below its earnings, with a price-to-earnings ratio of -253.42, and its beta value is estimated to be 0.74. The company’s total value, as measured by its market capitalization, is $2.92 billion. All the financial ratios, including the debt-to-equity ratio, current, and quick ratio, all equal 0.63. The current and quick ratios are at 1.09, while the quick ratio stands at 0.77.
JinkoSolar (NYSE: JKS) provided the most recent results of its financial operations in a press release on Friday, October 28. The company that produces semiconductors reported earnings per share for the quarter of $0.59, which was $0.20 less than the average prediction of $0.79 that analysts made. The company’s revenue for the quarter was also $0.59 million. The return on equity for JinkoSolar was calculated to be 4.59%, and the net margin for the company was calculated to be 0.25%. However, the actual revenue that the company brought in for the quarter was $2.74 billion, which is significantly higher than the $2.44 billion that analysts predicted it would bring in for the period.
In recent months, several hedge funds and other institutional investors have modified their approaches to investing in JKS to take advantage of new opportunities. JinkoSolar received an additional investment of approximately $35,000 from Toroso Investments LLC during the third quarter, bringing the total value of that company’s ownership stake to a higher level. During the third quarter, Quadrant Capital Group LLC achieved a 98.8 percent increase in the proportion of JinkoSolar stock it owned. Quadrant Capital Group LLC’s semiconductor division now has 690 shares of the company’s stock, thanks to the purchase of an additional 343 shares during the most recent fiscal quarter. There is a value of $38,000 associated with these shares. In addition, FNY Investment Advisers LLC made an initial investment of approximately $46,000 in JinkoSolar during the second quarter to start a new position in the company. In addition, JinkoSolar was the recipient of an additional investment of approximately $55,000 from Selective Wealth Management Inc. during the second quarter, bringing the total value of its holdings to approximately $115,000. And lastly, during the third quarter, Wipfli Financial Advisors LLC spent $89,000 to acquire an additional position in JinkoSolar.
Research and development, product design, manufacturing, and distribution of photovoltaic goods are the responsibilities of JinkoSolar Holding Co. Ltd., along with its subsidiaries and affiliates. This company’s products include solar modules, silicon wafers, solar cells, recovered silicon resources, and silicon ingots. All of these items can be purchased.