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

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

In today’s session JinkoSolar Holding Co., Ltd. (JKS) recorded an unusually high (4,008) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious JKS decrease. With 4,008 contracts traded and 160254 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: JKS170120P00010000 closed last at: $0.35 or 40% up. About 274,203 shares traded hands. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 41.20% since April 22, 2016 and is downtrending. It has underperformed by 46.61% the S&P500.

Analysts await JinkoSolar Holding Co., Ltd. (NYSE:JKS) to report earnings on March, 7. They expect $0.67 earnings per share, down 71.37% or $1.67 from last year’s $2.34 per share. JKS’s profit will be $21.66 million for 5.35 P/E if the $0.67 EPS becomes a reality. After $1.12 actual earnings per share reported by JinkoSolar Holding Co., Ltd. for the previous quarter, Wall Street now forecasts -40.18% negative EPS growth.

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 downgraded JinkoSolar Holding Co., Ltd. (NYSE:JKS) on Friday, August 5 to “Neutral” rating. The firm earned “Outperform” rating on Monday, March 21 by Credit Suisse. The rating was initiated by Northland Capital on Friday, December 18 with “Outperform”. The rating was maintained by Roth Capital with “Buy” on Friday, November 20. On Friday, November 20 the stock rating was maintained by TH Capital with “Buy”. The firm has “Buy” rating by Roth Capital given on Tuesday, August 25.

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 $463.55 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 2.96 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 Investorplace.com published the news titled: “JinkoSolar Holding Co., Ltd. (JKS) Stock Surges on Earnings Beat” on November 16, 2016. Rttnews.com‘s news article titled: “JinkoSolar Holding Co., Ltd. Bottom Line Rises 21% In Q3” with publication date: November 16, 2016 was also an interesting one.

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