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Axiom Capital disclosed JinkoSolar Holding (NYSE:JKS), hiking its price target to $10.00 earlier today

Yesterday JinkoSolar Holding (NYSE:JKS) traded -3.08% lower at $26.29. The company’s 50-day moving average is $27.15 and its 200-day moving average is $20.96. The last stock close price is up 21.55% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 942,266 shares of the stock were exchanged, down from an average trading volume of 1,227,900

Stating a potential downside of -0.62%, Axiom Capital bumped up the target of JinkoSolar Holding (NYSE:JKS) to $10.00

See Chart Below

JinkoSolar Holding (NYSE:JKS)

JinkoSolar Holding has a 52 week low of $12.72 and a 52 week high of $30.50 with a P/E ratio of 25.05 The company’s market cap is currently $0.

In addition to Axiom Capital reporting its target price, a total of 8 firms have issued a report on the stock. The consensus target price is $31.07 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About JinkoSolar Holding (NYSE:JKS)

JinkoSolar Holding Co., Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company's segments include the manufacturing segment and the solar power projects segment. The manufacturing segment comprises its vertically integrated solar power product manufacturing business, under which the Company manufactures silicon ingots, wafers, cells and solar modules. The solar power projects segment comprises the downstream solar power generation, construction and operation business, including power generation; engineering, procurement and construction (EPC), and connecting solar power projects to the grid, and operation and maintenance (O&M) of the solar power projects. The Company sells its solar modules under the JinkoSolar brand. Its services include solar system EPC and processing services.

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