JinkoSolar Holding Co. Ltd. (JKS) was Downgraded by ROTH Capital to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their investors in a research report released on Aug 5, 2016.
On the company’s financial health, JinkoSolar Holding Co. Ltd. reported $1.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.65 according to the earnings call on May 27, 2016. Analyst had a consensus of $1.07. The company had revenue of $847.80 million for the quarter, compared to analysts expectations of $687.39 million. The company’s revenue was up 91.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.
JinkoSolar Holding Co. Ltd. opened for trading at $19.11 and hit $19.24 on the upside on Thursday, eventually ending the session at $19.06, with a gain of 0.16% or 0.03 points. The heightened volatility saw the trading volume jump to 2,54,288 shares. Company has a market cap of $598 M.
JinkoSolar Holding Co. Ltd. is a holding company. The Company is a provider of solutions in the photovoltaic (PV) industry-based in Jiangxi and Zhejiang Provinces in China. The Company recovers silicon materials manufactures solar modules and generates solar power. The Company’s products include recovered silicon materials (metric tons) silicon ingots silicon wafers solar cells and solar modules and its services consist of solar system engineering procurement and construction (EPC) processing services and electricity generation. The Company sells most its solar modules under the JinkoSolar brand with a small portion of solar modules on an original equipment manufacturer (OEM) basis. The Company also sells silicon wafers and solar cells not used in its solar module production. The Company also develops owns and operates PV projects in China. As of December 31 2014 the Company’s share of completed solar power projects amounted to 503 megawatt (MW).