JinkoSolar Holding Co. Ltd. (NYSE: JKS) Loses -33.15% From High. Why That Could Change?

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Nomura Securities Co., Ltd. (Priv. recently announced the acquisition of new stake in JinkoSolar Holding Co. Ltd. (NYSE:JKS). This fresh investment now brings its stake to 14.12% valued currently at $112.15 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.13 million to 1.59 million shares. And BofA Securities, Inc. has lifted its position by 116.36% or 0.82 million shares – to 1.52 million shares.

With over 1.01 million JinkoSolar Holding Co. Ltd. (JKS) shares trading Tuesday and a closing price of $19.28 on the day, the dollar volume was approximately $19.51 million. The shares have shown a negative weekly performance of -5.16% and its price on 07/28/20 lost nearly -4.98%. Currently, there are 44.69M common shares owned by the public and among those 42.17M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for JKS have a consensus price objective of $18.47. The analysts have set the share’s price value over the next 12 months at a high of $25.46 and a low of $5.78 should the stock experience a downside. Incidentally, analysts’ outlook for the JinkoSolar Holding Co. Ltd. stock is 2.60 for the next 12 months. The average price target is 0.77% above its last price level and an upside to the estimated low will see the stock lose -233.56% over that period. But an upside of 24.27% will see the stock hit the forecast high price target while mean target price for the stock is $20.00.

The top 3 mutual fund holders in JinkoSolar Holding Co. Ltd. are Schroder ISF – Emerging Asia, Invesco Solar ETF, and iShares II Plc – Global Clean Ene. Schroder ISF – Emerging Asia owns 1.42 million shares of the company’s stock, all valued at over $25.1 million. The company sold -0.12 million shares recently to bring their total holdings to about 3.16% of the shares outstanding. Invesco Solar ETF bought 16500.0 shares to see its total holdings expand to 1.26 million shares valued at over $22.25 million and representing 2.80% of the shares outstanding. iShares II Plc – Global Clean Ene bought 14364.0 shares to bring its total holdings to over 0.71 million shares at a value of $12.59 million. iShares II Plc – Global Clean Ene now owns shares totaling to 1.59% of the shares outstanding.

Shares of JinkoSolar Holding Co. Ltd. (NYSE: JKS) opened at $20.20, down -$0.09 from a prior closing price of $20.29. However, the script later closed the day at $19.28, down -4.98%. The company’s stock has a 5-day price change of -5.16% and 26.68% over the past three months. JKS shares are trading -14.27% year to date (YTD), with the 12-month market performance down to -3.36% lower. It has a 12-month low price of $11.42 and touched a high of $28.84 over the same period. Currently, 1.01 million shares have been traded, compared to an average intraday trading volume of 1.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.54%, 6.62%, and 4.40% respectively.

Institutional ownership of JinkoSolar Holding Co. Ltd. (NYSE: JKS) shares accounts for 77.40% of the company’s 44.69M shares outstanding. Mutual fund holders own 27.78%, while other institutional holders and individual stakeholders account for 47.05% and — respectively.

It has a market capitalization of $913.10M and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 5.53, while the earnings-per-share (ttm) stands at $3.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.61% over the week and 6.31% over the month.

Analysts forecast that JinkoSolar Holding Co. Ltd. (JKS) will achieve an EPS of $0.61 for the current quarter, $0.42 for the next quarter and $3.2 for 2021. The lowest estimate earnings-per-share for the quarter is $0.29 while analysts give the company a high EPS estimate of $0.98. Comparatively, EPS for the current quarter was $0.71 a year ago. Earnings per share for the fiscal year are expected to increase by 101.90%, and -4.79% over the next financial year. EPS should shrink at an annualized rate of -0.42% over the next five years, compared to 4.80% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate JinkoSolar Holding Co. Ltd. (JKS) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 8 advise that investors “hold,” and 2 rated it as a “Sell.”

Looking at the support for the JKS, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on June 18, 2019, with the firm’s price target at. ROTH Capital coverage for the JinkoSolar Holding Co. Ltd. (JKS) stock in a research note released on February 04, 2019 offered a Buy rating with a price target of. Williams Capital Group was of a view on December 19, 2018 that the stock is Sell, while Citigroup gave the stock Neutral rating on August 14, 2018, issuing a price target of. ROTH Capital on their part issued Sell rating on June 04, 2018.

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