Today’s Stock On Watch: What’s Propelling JinkoSolar Holding Co., Ltd. to Reach 52-Week Low?

Today's Stock On Watch: What's Propelling JinkoSolar Holding Co., Ltd. to Reach 52 Week Low?

The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) hit a new 52-week low and has $11.45 target or 11.00% below today’s $12.86 share price. The 5 months bearish chart indicates high risk for the $383.16M company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $11.45 price target is reached, the company will be worth $42.15 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 639,528 shares traded hands or 37.82% up from the average. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 39.03% since April 19, 2016 and is downtrending. It has underperformed by 42.89% 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. The stock has “Neutral” rating given by Roth Capital on Friday, August 5. The stock of JinkoSolar Holding Co., Ltd. (NYSE:JKS) has “Buy” rating given on Tuesday, August 25 by Roth Capital. The rating was maintained by Credit Suisse with “Outperform” on Monday, March 21. The rating was initiated by Northland Capital with “Outperform” on Friday, December 18. On Friday, November 20 the stock rating was maintained by Roth Capital with “Buy”. On Friday, November 20 the stock rating was maintained by TH Capital with “Buy”.

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 notable recent JinkoSolar Holding Co., Ltd. (NYSE:JKS) news were published by: Investorplace.com which released: “JinkoSolar Holding Co., Ltd. (JKS) Stock Surges on Earnings Beat” on November 16, 2016, also Fool.com with their article: “Why Shares of JinkoSolar Holding Co., Ltd. Plunged 14% in September” published on October 06, 2016, Nasdaq.com published: “Earnings Reaction History: JinkoSolar Holding Co., Ltd., 36.4% Follow-Through …” on November 16, 2016. More interesting news about JinkoSolar Holding Co., Ltd. (NYSE:JKS) were released by: Fool.com and their article: “Why Shares of JinkoSolar Holding Co., Ltd. Plunged 13% in March” published on April 07, 2016 as well as Rttnews.com‘s news article titled: “JinkoSolar Holding Co., Ltd. Bottom Line Rises 21% In Q3” with publication date: November 16, 2016.

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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