Roth Capital Reiterates Neutral Rating After JinkoSolar Holding Co., Ltd. (JKS) Guides Down 30%

December 2, 2021 6:28 AM EST
Get Alerts JKS Hot Sheet
Price: $41.92 +2.14%

Rating Summary:
    11 Buy, 6 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 18 | New: 37
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Roth Capital analyst Philip Shen reiterated a Neutral rating and $51.00 price target on JinkoSolar Holding Co., Ltd. (NYSE: JKS) after the company delivered a healthy Q3 and guided Q4 shipments down ~30% below the prior outlook.

The analyst stated "Challenges with high input costs, logistics, and WRO remain nearterm, though we believe there is now some light at the end of the tunnel. Notably, management is quickly ramping up its non-China supply chain (non-China poly, Vietnam ingot/wafer, SEA cell/module) to serve the U.S. bypassing WRO risk. That said, anti-circumvention risk remains on the horizon for this supply chain".

For an analyst ratings summary and ratings history on JinkoSolar Holding Co., Ltd. click here. For more ratings news on JinkoSolar Holding Co., Ltd. click here.

Shares of JinkoSolar Holding Co., Ltd. closed at $50.96 yesterday.

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