JinkoSolar (NYSE:JKS – Get Free Report) was downgraded by analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a research note issued on Monday, MarketBeat reports. They currently have a $25.00 price objective on the semiconductor company’s stock. Daiwa Capital Markets’ target price would suggest a potential upside of 0.24% from the company’s current price.
Several other equities analysts have also recently commented on the stock. HSBC reissued a “hold” rating and issued a $30.00 price target on shares of JinkoSolar in a research report on Monday. The Goldman Sachs Group lifted their price objective on shares of JinkoSolar from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, October 31st.
JinkoSolar Stock Performance
Institutional Investors Weigh In On JinkoSolar
Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in JinkoSolar by 657.5% in the third quarter. FMR LLC now owns 909 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 789 shares during the last quarter. Headlands Technologies LLC purchased a new stake in JinkoSolar in the third quarter valued at $31,000. Toroso Investments LLC purchased a new stake in JinkoSolar in the third quarter valued at $35,000. Signaturefd LLC lifted its position in JinkoSolar by 202.1% in the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 673 shares during the last quarter. Finally, Natixis purchased a new stake in JinkoSolar in the fourth quarter valued at $41,000. 35.82% of the stock is owned by hedge funds and other institutional investors.
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; and develops commercial solar power projects.
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