JinkoSolar (JKS) Stock Price, News & Analysis

Company Overview

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. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of December 31, 2023, it had an integrated annual capacity of 85 gigawatts (GW) for mono wafers; 90 GW for solar cells; and 110 GW for solar modules. It operates in China, the United States, Mexico, Australia, Japan, the United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, Germany, and internationally. JinkoSolar Holding Co., Ltd. was founded in 2006 and is headquartered in Shangrao, the People's Republic of China.

Key Stats

• Today's Range: $21.12 to $22.93
• 50-Day Range: $19.21 to $32.75
• 52-Week Range: $16.70 to $38.37
• Volume: 1.05 million shs
• Average Volume: 1.99 million shs
• Market Capitalization: $1.19 billion
• P/E Ratio: 37.98
• Dividend Yield: 13.21%
• Price Target: $24.60
• Consensus Rating: Reduce

JinkoSolar Stock Analysis - MarketRank™

JinkoSolar scored higher than 17% of companies evaluated by MarketBeat, and ranked 226th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

Consensus Rating

JinkoSolar has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

JinkoSolar has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for JinkoSolar are expected to grow in the coming year, from ($0.42) to $0.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of JinkoSolar is 37.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of JinkoSolar is 37.98, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.91.

Price to Book Value per Share Ratio

JinkoSolar has a P/B Ratio of 0.25. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.41% of the outstanding shares of JinkoSolar have been sold short.

Short Interest Ratio / Days to Cover

JinkoSolar has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in JinkoSolar has recently increased by 10.38%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

JinkoSolar is a leading dividend payer. It pays a dividend yield of 14.22%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

JinkoSolar does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of JinkoSolar is 501.70%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, JinkoSolar will have a dividend payout ratio of 477.42% in the coming year. This indicates that JinkoSolar may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.41% of the outstanding shares of JinkoSolar have been sold short.

Short Interest Ratio / Days to Cover

JinkoSolar has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in JinkoSolar has recently increased by 10.38%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

10 people have searched for JKS on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added JinkoSolar to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, JinkoSolar insiders have not sold or bought any company stock.

Percentage Held by Insiders

19.80% of the stock of JinkoSolar is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 35.82% of the stock of JinkoSolar is held by institutions.

JKS Stock Analysis - Frequently Asked Questions

How have JKS shares performed this year?

JinkoSolar's stock was trading at $36.94 at the start of the year. Since then, JKS stock has decreased by 39.3% and is now trading at $22.41.
View the best growth stocks for 2024 here.

How were JinkoSolar's earnings last quarter?

JinkoSolar Holding Co., Ltd. (NYSE:JKS) issued its quarterly earnings results on Friday, August, 30th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.92. The semiconductor company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.85 billion. JinkoSolar had a trailing twelve-month return on equity of 4.18% and a net margin of 0.53%.

Does JinkoSolar have any subsidiaries?

The following companies are subsidiaries of JinkoSolar: Canton Best Limited, Jiangxi Photovoltaic Materials Co. Ltd., Jinko PV Material Supply Sdn. Bhd., Jinko Solar (Anhui) Co. Ltd., Jinko Solar Australia Holdings Co. Pty Ltd., Jinko Solar Canada Co. Ltd., JinkoSolar (Chuxiong) Co. Ltd., and others.

Who are JinkoSolar's major shareholders?

Top institutional investors of JinkoSolar include State Street Corp (1.31%), Point72 Europe London LLP (0.17%), Green Alpha Advisors LLC (0.13%) and BNP Paribas Financial Markets (0.13%).

How do I buy shares of JinkoSolar?

Shares of JKS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of JinkoSolar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that JinkoSolar investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE), PayPal (PYPL) and CrowdStrike (CRWD).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/15/2024
• Last Earnings: 8/30/2024
• Dividend Payable: 8/30/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NYSE:JKS
• CUSIP: N/A
• CIK: 1481513
• Web: www.jinkosolar.com
• Phone: 867938588188
• Fax: 86-79-3846-1152
• Employees: 57,397
• Year Founded: 2006

Price Target and Rating

• Average Stock Price Target: $24.60
• High Stock Price Target: $30.00
• Low Stock Price Target: $18.00
• Potential Upside/Downside: +9.8%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.59
• Trailing P/E Ratio: 37.98
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $485.56 million
• Net Margins: 0.53%
• Pretax Margin: 2.05%
• Return on Equity: 4.18%
• Return on Assets: 1.06%

Debt

• Debt-to-Equity Ratio: 0.81
• Current Ratio: 1.22
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $16.72 billion
• Price / Sales: 0.07
• Cash Flow: $36.15 per share
• Price / Cash Flow: 0.62
• Book Value: $89.37 per share
• Price / Book: 0.25

Miscellaneous

• Outstanding Shares: 53,150,000
• Free Float: 42,630,000
• Market Cap: $1.19 billion
• Optionable: Optionable
• Beta: 0.44