JinkoSolar Holding Company Limited (JKS) : 2 analysts are covering JinkoSolar Holding Company Limited (JKS) and their average rating on the stock is 2, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
JinkoSolar Holding Company Limited (JKS) : Average target price received by JinkoSolar Holding Company Limited (JKS) is $22.6 with an expected standard deviation of $6.51. The most aggressive target on the stock is $27, whereas the most downbeat target is $18. 2 financial analysts are currently covering the stock.
Also, Equity analysts at the Brokerage firm Credit Suisse maintains its rating on JinkoSolar Holding Company Limited (NYSE:JKS). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Credit Suisse lowers the price target from $40 per share to $30 per share. The rating by the firm was issued on August 18, 2016.
JinkoSolar Holding Company Limited (NYSE:JKS): After opening at $15.53, the stock dipped to an intraday low of $15.49 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.41 and the buying power remained strong till the end. The stock closed at $15.94 for the day, a gain of 2.44% for the day session. The total traded volume was 694,137. The stocks close on the previous trading day was $15.56.
JinkoSolar Holding Co., Ltd. is a holding company. The Company is a provider of solutions in the photovoltaic (PV) industry-based in Jiangxi and Zhejiang Provinces in China. The Company recovers silicon materials, manufactures solar modules and generates solar power. The Companys products include recovered silicon materials (metric tons), silicon ingots, silicon wafers, solar cells and solar modules, and its services consist of solar system engineering, procurement and construction (EPC), processing services and electricity generation. The Company sells most its solar modules under the JinkoSolar brand, with a small portion of solar modules on an original equipment manufacturer (OEM) basis. The Company also sells silicon wafers and solar cells not used in its solar module production. The Company also develops, owns and operates PV projects in China. As of December 31, 2014, the Companys share of completed solar power projects amounted to 503 megawatt (MW).