Why Has Northland Capital Given Jinkosolar Holding Co. Ltd (NYSE:JKS) a $46.00 Price Target
Analysts at Northland Capital commenced coverage coverage on shares of Jinkosolar Holding Co. Ltd (NYSE:JKS) in a very recent research note distributed to Clients on Friday, 18 December. The financial company set Outperform rating on the $823.55M market cap company.
From a total of 9 analysts covering JinkoSolar Holding Co. (NYSE:JKS) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $45 while the lowest target price is $20.5. The mean of all analyst targets is $31.79 with a 30.01% above today’s ($26.92) stock price. JinkoSolar Holding Co. was the topic of 3 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Roth Capital maintained shares on November 20 with “Buy” rating.
The stock increased 1.74% or $0.46 on December 18, striking $26.92. Approximately 668,778 shares of stock traded hands. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 10.00% since May 15, 2015 and is downtrending. It has underperformed by 6.19% the S&P500.
JinkoSolar Holding Co., Ltd. is a holding company. The company has a market cap of $823.55 million. The Firm is a well-known provider of solutions in the photovoltaic industry in Jiangxi and Zhejiang Provinces in China. It has 11.94 P/E ratio. The Firm recovers silicon materials, makes solar modules and generates solar power.
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.”