On August 15, 2023, Brian Lee, an analyst at Goldman Sachs, expressed his bearish sentiment towards JinkoSolar Holding Co (NYSE:JKS) by maintaining a Sell rating and revising the price target downwards from $38 to $33. This adjustment came in response to the company’s mixed Q2 results. However, it is important to acknowledge that the overall analyst consensus for JinkoSolar stands at Hold, with a price target consensus of $77.00. It is worth mentioning that additional platforms, such as Stock Analysis and TipRanks, also offer insights into analyst ratings and price targets for JinkoSolar Holding Co.
JinkoSolar Holding Co., Ltd.
Updated on: 01/03/2024
Debt to equity ratio: Strong Buy
Price to earnings ratio: Neutral
Price to book ratio: Sell
DCF: Strong Buy
ROE: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
JKS Stock Analysis: Earnings Growth, Financial Performance, and Market Trends
On August 15, 2023, JKS stock opened at $36.93 and fluctuated between a low of $32.50 and a high of $37.25. The trading volume for the day was 15,783 shares, significantly lower than the average volume of 742,081 shares over the past three months. The market capitalization of JKS stood at $1.8 billion.
JKS had experienced a decline of 20.62% in earnings growth in the previous year but had made a significant recovery with earnings growth of 277.79% in the current year. Analysts projected a modest earnings growth of 2.76% over the next five years.
The revenue growth for JKS in the previous year was an increase of 95.01%. The price-to-earnings (P/E) ratio for JKS was 9.7, suggesting that the stock was relatively undervalued compared to its earnings.
The price/sales ratio for JKS was 0.17, indicating that investors were willing to pay $0.17 for every dollar of sales generated by the company. The price/book ratio was 0.77, which implied that the stock was trading below its book value.
On August 15, 2023, JKS experienced a slight decline of $0.31, representing a decrease of 1.38% from the previous day’s closing price. JKS operates in the electronic technology sector and is involved in the production of semiconductors. The corporate headquarters of JKS is located in Shangrao, Jiangxi.
Investors will be eagerly awaiting the next reporting date to assess the company’s financial performance and to determine if the stock’s decline was an isolated event or part of a larger trend.
JinkoSolar Holding Co Ltd: Strong Stock Performance and Positive Analyst Sentiment Signal Promising Future in Renewable Energy Sector
On August 15, 2023, JinkoSolar Holding Co Ltd (JKS) experienced a significant increase in its stock performance. According to data from CNN Money, the stock had a last price of $35.86, and the 6 analysts offering 12-month price forecasts for JKS had a median target of $62.43, with a high estimate of $78.05 and a low estimate of $19.09. This indicates a potential increase of 74.08% from the last price.
The consensus among 7 polled investment analysts at the time was to buy stock in JinkoSolar Holding Co Ltd. This rating had remained unchanged since August, indicating a consistent positive sentiment towards the company’s stock.
JinkoSolar Holding Co Ltd is a leading global manufacturer of solar panels and photovoltaic products. The company’s strong performance can be attributed to several factors, including its robust financials. In the current quarter, JKS reported earnings per share of $10.34 and sales of $27.9 billion. These figures demonstrate the company’s ability to generate substantial revenue and profitability.
Investors are likely attracted to JinkoSolar Holding Co Ltd due to its position in the renewable energy sector. As the world becomes increasingly focused on sustainability and reducing carbon emissions, the demand for solar energy solutions is expected to grow. JKS is well-positioned to capitalize on this trend, as it offers high-quality solar panels and other related products.
Furthermore, JinkoSolar Holding Co Ltd has a strong track record of innovation and technological advancements. The company consistently invests in research and development to improve the efficiency and performance of its products. This commitment to innovation allows JKS to stay ahead of its competitors and maintain its market leadership.
Overall, the positive stock performance of JinkoSolar Holding Co Ltd on August 15, 2023, can be attributed to its strong financials, positive analyst sentiment, and its position in the growing renewable energy sector. Investors are optimistic about the company’s future prospects, as indicated by the buy rating and the significant potential increase in stock price predicted by analysts. With its solid financials and commitment to innovation, JKS is well-positioned for continued success in the renewable energy industry.