JinkoSolar Holding Co Ltd (NYSE: JKS) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.08 versus $2.05 for the same period a year ago. E.P.S. were $9.36 for the latest four quarters through December 31 versus $1.82 for the same period a year ago.
Recent Price Action
On 3/20/24, JinkoSolar Holding Co Ltd (NYSE: JKS) stock suffered a large decline of -5.9%, closing at $24.90. Moreover, exceptionally high trading volume at 255% of normal accompanied the decline. The stock has declined -12.6% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
JKS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
JinkoSolar Holding has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. JinkoSolar Holding has a very high Appreciation Score of 98 but a very low Power Rating of 5, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment