Taking the lead: JinkoSolar Holding Co. Ltd. (JKS)

JinkoSolar Holding Co. Ltd. (NYSE: JKS) stock fell -0.41% on Wednesday to $45.94 against a previous-day closing price of $46.13. With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.79 million shares. The 52-week range on JKS shows that it touched its highest point at $76.92 and its lowest point at $38.43 during that stretch. It currently has a 1-year price target of $62.56. Beta for the stock currently stands at 0.84.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JKS was up-trending over the past week, with a rise of 6.89%, but this was up by 0.26% over a month. Three-month performance dropped to -14.21% while six-month performance fell -2.94%. The stock lost -19.95% in the past year, while it has gained 12.38% so far this year. A look at the trailing 12-month EPS for JKS yields 3.56 with Next year EPS estimates of 7.34. For the next quarter, that number is 1.67. This implies an EPS growth rate of -11.70% for this year and -4.10% for next year. EPS is expected to grow by 36.71% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.50%.

Float and Shares Shorts:

At present, 50.48 million JKS shares are outstanding with a float of 34.79 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.03 million, which was 4.02% higher than short shares on Mar 30, 2023. In addition to Mr. Xiande Li as the firm’s Co-Founder, CEO & Chairman, Mr. Xianhua Li serves as its Co-Founder & Director.

Institutional Ownership:

Through their ownership of 44.62% of JKS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 23.77% of JKS, in contrast to 21.19% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in JKS with 4.58% of the stake, Schroder Investment Management holds 2,303,648 shares worth 2,303,648. A second-largest stockholder of JKS, Morgan Stanley & Co. LLC, holds 1,858,367 shares, controlling over 3.70% of the firm’s shares. Invesco Capital Management LLC is the third largest shareholder in JKS, holding 1,712,673 shares or 3.41% stake. With a 2.52% stake in JKS, the Invesco Solar ETF is the largest stakeholder. A total of 1,267,828 shares are owned by the mutual fund manager. The Handelsbanken Hallbar Energi, which owns about 2.36% of JKS stock, is the second-largest Mutual Fund holder. It holds 1,187,480 shares valued at 58.91 million. Schroder ISF – Emerging Asia holds 2.29% of the stake in JKS, owning 1,151,222 shares worth 57.11 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, JKS reported revenue of $18.84B and operating income of $332.30M. The EBITDA in the recently reported quarter was -$205.19M and diluted EPS was -$12.60.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JKS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JKS analysts setting a high price target of $601.99 and a low target of $95.53, the average target price over the next 12 months is $430.15. Based on these targets, JKS could surge 1210.38% to reach the target high and rise by 107.95% to reach the target low. Reaching the average price target will result in a growth of 836.33% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.