In a report released yesterday, Patricia Yeung from DBS maintained a Hold rating on JinkoSolar (JKS – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $34.57.
Yeung covers the Energy sector, focusing on stocks such as Canadian Solar, Daqo New Energy, and First Solar. According to TipRanks, Yeung has an average return of -15.7% and a 0.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for JinkoSolar with a $39.32 average price target.
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JKS market cap is currently $1.81B and has a P/E ratio of 9.05.
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JinkoSolar Holding Co., Ltd. engages in the design, development, production and marketing of photovoltaic products, and solar system integration services. It focuses on vertically integrated solar power products manufacturing business from silicon ingots, wafers, and cells to solar modules. The company was founded by Xiande Li, Kangping Chen, and Xianhua Li on August 3, 2007 and is headquartered in Shangrao, China.
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