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Goldman Sachs Sticks to Their Sell Rating for JinkoSolar (JKS)
In a report released today, from Goldman Sachs maintained a Sell rating on JinkoSolar, with a price target of $18.00. The company’s shares closed yesterday at $24.07.
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The word on The Street in general, suggests a Moderate Sell analyst consensus rating for JinkoSolar with a $22.50 average price target.
Based on JinkoSolar’s latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of $13.84 billion and a GAAP net loss of $1.32 billion. In comparison, last year the company earned a revenue of $23.04 billion and had a net profit of $609.4 million
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