Q2 2024 Earnings Estimate for JinkoSolar Holding Co., Ltd. Issued By Roth Capital (NYSE:JKS)

JinkoSolar Holding Co., Ltd. (NYSE:JKS) – Analysts at Roth Capital reduced their Q2 2024 earnings estimates for shares of JinkoSolar in a research note issued to investors on Monday, April 29th. Roth Capital analyst P. Shen now forecasts that the semiconductor company will earn $0.05 per share for the quarter, down from their prior estimate of $0.26. Roth Capital has a “Neutral” rating on the stock. The consensus estimate for JinkoSolar’s current full-year earnings is $3.84 per share. Roth Capital also issued estimates for JinkoSolar’s Q3 2024 earnings at $0.74 EPS and FY2024 earnings at ($0.37) EPS.

Other research analysts have also recently issued research reports about the stock. Daiwa Capital Markets cut shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 target price for the company. in a report on Monday, February 5th. The Goldman Sachs Group decreased their price objective on JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a report on Thursday, April 11th. HSBC reiterated a “hold” rating and set a $30.00 target price on shares of JinkoSolar in a report on Monday, February 5th. Roth Mkm restated a “neutral” rating and issued a $25.00 price target on shares of JinkoSolar in a research note on Tuesday. Finally, StockNews.com upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, JinkoSolar currently has an average rating of “Hold” and an average price target of $26.60.

JinkoSolar Trading Up 2.6 %

NYSE:JKS opened at $26.19 on Thursday. The company has a market cap of $1.37 billion, a P/E ratio of 4.09 and a beta of 0.38. JinkoSolar has a twelve month low of $21.06 and a twelve month high of $48.82. The business has a 50 day moving average price of $24.90 and a two-hundred day moving average price of $28.95. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.56.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($1.11). JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.08 billion.

Institutional Trading of JinkoSolar

A number of hedge funds have recently made changes to their positions in JKS. Headlands Technologies LLC bought a new stake in JinkoSolar in the 3rd quarter valued at $31,000. Signaturefd LLC lifted its stake in shares of JinkoSolar by 202.1% during the 4th quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after buying an additional 673 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of JinkoSolar by 109.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,215 shares of the semiconductor company’s stock worth $94,000 after buying an additional 1,678 shares during the period. Barometer Capital Management Inc. bought a new stake in shares of JinkoSolar during the 4th quarter worth about $126,000. Finally, Daiwa Securities Group Inc. grew its stake in JinkoSolar by 117.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 4,100 shares during the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Company Profile

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.