Major Move Is Coming For JinkoSolar Holding Co., Ltd. After Bullish Options Activity

 Major Move Is Coming For JinkoSolar Holding Co., Ltd. After Bullish Options Activity

In today’s session JinkoSolar Holding Co., Ltd. (JKS) registered an unusually high (386) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious JKS increase. With 386 contracts traded and 1114 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: JKS161118C00017000 closed last at: $1.25 or 92.3% up. About 144,785 shares traded hands. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 27.67% since March 4, 2016 and is downtrending. It has underperformed by 35.70% the S&P500.

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

Out of 4 analysts covering JinkoSolar Holding Co. (NYSE:JKS), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. JinkoSolar Holding Co. has been the topic of 7 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The rating was initiated by Northland Capital on Friday, December 18 with “Outperform”. The rating was maintained by Roth Capital on Friday, November 20 with “Buy”. The firm earned “Buy” rating on Friday, November 20 by TH Capital. The firm has “Outperform” rating by Credit Suisse given on Monday, March 21. Roth Capital downgraded the stock to “Neutral” rating in Friday, August 5 report. Roth Capital maintained the shares of JKS in a report on Tuesday, August 25 with “Buy” rating.

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.”

JinkoSolar Holding Co., Ltd. operates in the photovoltaic industry. The company has a market cap of $520.01 million. The Firm has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. It has a 3.26 P/E ratio. The Company’s divisions include the manufacturing segment and the solar power projects segment.

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.

More recent JinkoSolar Holding Co., Ltd. (NYSE:JKS) news were published by: Fool.com which released: “Why Shares of JinkoSolar Holding Co., Ltd. Plunged 14% in September” on October 06, 2016. Also Fool.com published the news titled: “Why Shares of JinkoSolar Holding Co., Ltd. Plunged 13% in March” on April 07, 2016. Schaeffersresearch.com‘s news article titled: “Buzz Stocks: Aerie Pharmaceuticals Inc, JinkoSolar Holding Co., Ltd., and …” with publication date: September 15, 2016 was also an interesting one.

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