JinkoSolar Holding Co. (JKS) Announces Quarterly Results

JinkoSolar Holding Co. (NYSE: JKS) issued its quarterly earnings data on Friday. The company reported ($0.56) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.66) by $1.10, AnalystRatings.Net reports. The company had revenue of $187.30 million for the quarter, compared to the consensus estimate of $168.25 million.

On a related note, analysts at Zacks downgraded shares of JinkoSolar Holding Co. from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, April 15th. They now have a $5.40 price target on the stock.

JinkoSolar Holding Co. (NYSE: JKS) opened at 8.47 on Friday. JinkoSolar Holding Co. has a 1-year low of $2.00 and a 1-year high of $10.44. The stock’s 50-day moving average is currently $7.32. The company’s market cap is $187.9 million.

JinkoSolar Holding Co, Ltd. is a solar product manufacturer. The Company has built a vertically integrated solar product value chain from recovered silicon materials to solar modules.

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