Roth MKM Sticks to Their Hold Rating for JinkoSolar (JKS)
In a report released yesterday, Philip Shen from Roth MKM maintained a Hold rating on JinkoSolar (JKS – Research Report), with a price target of $17.00.
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Shen covers the Technology sector, focusing on stocks such as Enphase Energy, Daqo New Energy, and First Solar. According to TipRanks, Shen has an average return of 3.9% and a 37.80% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for JinkoSolar with a $30.50 average price target.
Based on JinkoSolar’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $24.51 billion and a net profit of $22.53 million. In comparison, last year the company earned a revenue of $31.83 billion and had a net profit of $1.32 billion
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