JinkoSolar Holding Co., Ltd. (JKS) PT Lowered to $10.39 at GLJ Research

April 12, 2021 9:57 AM EDT
Get Alerts JKS Hot Sheet
Price: $31.99 -4.56%

Rating Summary:
    10 Buy, 6 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 11 | New: 10
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GLJ Research analyst Gordon Johnson lowered the price target on JinkoSolar Holding Co., Ltd. (NYSE: JKS) to $10.39 (from $14.13) while maintaining a Sell rating.

The analyst commented, "… in short, underpinning the lack of execution/operating leverage inherit in JinkoSolar's business model, despite growing revenues +651.5% 1Q13-to-4Q20 - or from $189.9mn to $1.427bn - JinkoSolar's net income turned negative in 4Q20 for the first time since 1Q13."



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