JinkoSolar (NYSE:JKS – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
JKS has been the subject of several other reports. The Goldman Sachs Group lowered their price objective on JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, September 3rd. Roth Mkm lowered their target price on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $24.60.
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JinkoSolar Trading Up 1.9 %
Hedge Funds Weigh In On JinkoSolar
Large investors have recently modified their holdings of the company. Headlands Technologies LLC increased its stake in JinkoSolar by 607.7% during the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 3,476 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in shares of JinkoSolar during the fourth quarter worth about $126,000. Daiwa Securities Group Inc. increased its position in shares of JinkoSolar by 117.1% during the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock worth $191,000 after acquiring an additional 4,100 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of JinkoSolar in the 1st quarter worth about $207,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in JinkoSolar by 43.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,659 shares of the semiconductor company’s stock valued at $242,000 after acquiring an additional 3,521 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors.
About JinkoSolar
JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.
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