JinkoSolar Holding Company Limi – Consensus ‘Buy’ rating and 26.1% Upside Potential

Broker Ratings
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JinkoSolar Holding Company Limi which can be found using ticker (JKS) now have 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 86.89 and 14.88 with the average target price sitting at $62.16. Now with the previous closing price of $49.29 and the analysts are correct then there would likely be a percentage uptick in value of 26.1%. Also worth taking note is the 50 day moving average now sits at $50.85 and the 200 day moving average is $53.64. The company has a market capitalization of $2,501m. Find out more information at: https://www.jinkosolar.com

The potential market cap would be $3,154m based on the market consensus.

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; and develops commercial solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of March 31, 2022, it had an integrated annual capacity of 40 gigawatts (GW) for mono wafers; 40.0 GW for solar cells; and 50.0 GW for solar modules. The company has operations in the People’s Republic of China, the United States, Mexico, Australia, Japan, United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, and Germany. JinkoSolar Holding Co., Ltd. was founded in 2006 and is based in Shangrao, the People’s Republic of China.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 26.17, revenue per share of 1687.42 and a 0.57% return on assets.

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