UPDATE: Roth Capital Downgrades JinkoSolar Holding Co., Ltd. (JKS) to Neutral

April 12, 2021 4:45 AM EDT
Get Alerts JKS Hot Sheet
Price: $39.96 -0.84%

Rating Summary:
    10 Buy, 6 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 13
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(Updated - April 12, 2021 5:07 AM EDT)

Roth analyst Philip Shen downgraded JinkoSolar Holding Co., Ltd. (NYSE: JKS) from Buy to Neutral with a price target of $38.00 (from $59.00).

The analyst comments "JKS delivered a Q4 miss and weak Q1 guide. Although headline 2021 shipment guidance was inline, management redefined the terms to include wafer, cell, and module shipments as opposed to just module shipments, implying a weaker-than-expected outlook for module shipments. Look for the stock to be weak until the outlook for volume and margins improves, and it's unclear when that will happen. Until then, we are downgrading to Neutral and stepping to the sidelines."

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 $38.65 yesterday.

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