UPDATE: UBS Upgrades JinkoSolar Holding Co., Ltd. (JKS) to Neutral

April 15, 2021 4:28 PM EDT
Get Alerts JKS Hot Sheet
Price: $30.71 +0.66%

Rating Summary:
    10 Buy, 6 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 9 | New: 37
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(Updated - April 15, 2021 4:35 PM EDT)

UBS analyst Jon Windham upgraded JinkoSolar Holding Co., Ltd. (NYSE: JKS) from Sell to Neutral with a price target of $41.00 (from $53.00).

The analyst comments "Following 4Q20 results we upgrade JKS shares from Sell to Neutral. JKS shares have corrected 44% YTD compared to a 15% YTD decline in the TAN solar index, and we now see limited near-term catalysts following the release of the U.S. Federal infrastructure proposal. An improving supply/demand dynamic potentially alleviating gross margin pressure would make us incrementally more positive, while narrowing U.S. policy support relative to the current administration's proposal would drive a more negative view."

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 $36.56 yesterday.


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