Green Alpha Advisors LLC Has $2.06 Million Stock Position in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Green Alpha Advisors LLC lifted its position in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,531 shares of the semiconductor company’s stock after purchasing an additional 10,983 shares during the quarter. JinkoSolar makes up about 1.6% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 12th largest position. Green Alpha Advisors LLC’s holdings in JinkoSolar were worth $2,055,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JKS. Mackenzie Financial Corp increased its holdings in JinkoSolar by 1.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,572,177 shares of the semiconductor company’s stock valued at $53,296,000 after buying an additional 44,661 shares during the period. Marshall Wace LLP increased its stake in JinkoSolar by 49.5% in the second quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock valued at $9,277,000 after acquiring an additional 148,268 shares during the period. State Street Corp raised its position in JinkoSolar by 10.7% in the third quarter. State Street Corp now owns 696,763 shares of the semiconductor company’s stock worth $18,687,000 after purchasing an additional 67,223 shares in the last quarter. Millennium Management LLC lifted its stake in JinkoSolar by 2,305.1% during the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company’s stock worth $3,500,000 after purchasing an additional 161,888 shares during the period. Finally, Decade Renewable Partners LP acquired a new stake in JinkoSolar during the second quarter valued at approximately $4,272,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Price Performance

JinkoSolar stock opened at $24.78 on Monday. JinkoSolar Holding Co., Ltd. has a 52 week low of $16.70 and a 52 week high of $37.36. The firm has a market cap of $1.32 billion, a P/E ratio of 42.00 and a beta of 0.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. The business’s fifty day moving average is $24.77 and its two-hundred day moving average is $22.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Daiwa Capital Markets cut JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday. Jefferies Financial Group increased their price objective on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, JinkoSolar presently has an average rating of “Hold” and an average price target of $31.33.

About JinkoSolar

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.