Price Don’t Lie: Time to Buy JinkoSolar Holding Co., Ltd. After Achieving 52 Week Low?

Price Don't Lie: Time to Buy JinkoSolar Holding Co., Ltd. After Achieving 52 Week Low?

The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) hit a new 52-week low and has $11.46 target or 13.00% below today’s $13.17 share price. The 6 months bearish chart indicates high risk for the $401.44M company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $11.46 price target is reached, the company will be worth $52.19 million 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 311,492 shares traded hands. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 35.83% since April 12, 2016 and is downtrending. It has underperformed by 40.81% 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 Tuesday, August 25 with “Buy” rating. The rating was maintained by Credit Suisse on Monday, March 21 with “Outperform”. The stock has “Neutral” rating given by Roth Capital on Friday, August 5. The rating was initiated by Northland Capital with “Outperform” on Friday, December 18. As per Friday, November 20, the company rating was maintained by TH Capital. As per Friday, November 20, the company rating was maintained by Roth Capital.

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 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: “Analyst Upgrades: Priceline Group Inc, JinkoSolar Holding Co., Ltd., and …” with publication date: November 08, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment