The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) hit a new 52-week low and has $12.41 target or 12.00% below today’s $14.10 share price. The 8 months bearish chart indicates high risk for the $456.18M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $12.41 price target is reached, the company will be worth $54.74M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 710,201 shares traded hands or 77.79% up from the average. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 22.14% since April 7, 2016 and is downtrending. It has underperformed by 26.93% the S&P500.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) Ratings Coverage
Out of 5 analysts covering JinkoSolar Holding Co. (NYSE:JKS), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. JinkoSolar Holding Co. has been the topic of 8 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Roth Capital maintained the shares of JKS in a report on Friday, November 20 with “Buy” rating. The company was downgraded on Friday, August 5 by Roth Capital. The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) has “Outperform” rating given on Friday, December 18 by Northland Capital. Roth Capital maintained the shares of JKS in a report on Tuesday, August 25 with “Buy” rating. On Monday, March 21 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Buy” rating by TH Capital given on Friday, November 20.
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.”
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 Schaeffersresearch.com published the news titled: “Analyst Upgrades: Priceline Group Inc, JinkoSolar Holding Co., Ltd., and …” on November 08, 2016. Fool.com‘s news article titled: “Why Shares of JinkoSolar Holding Co., Ltd. Plunged 13% in March” with publication date: April 07, 2016 was also an interesting one.
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.
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