Jinko Solar Holding (JKS)

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Following the strong quarterly results, Credit Suisse analysts raised the 2015 EPS from $4.01 to $4.13 and 2016 EPS from $5.81 to $6.18 to reflect higher-than-expected shipments this year, and moderately higher operating expenditure next. The company also introduced 2017 EPS estimate of $5.94.

Analysts have given the stock an Outperform rating with a price target of $45, which was reiterated following yesterday’s quarterly results. Morgan Stanley (NYSE:MS) analyst Boris Kan also reiterated his Neutral rating on the stock and maintained a price target of $31.

Meanwhile, Goldman Sachs Group Inc's (NYSE:GS) equity research analyst, Frank Lee, maintained a Neutral rating on the stock but revised down the price target by $1 to $25. The same was done by Jefferies analyst Joseph Fong, who maintained a Buy rating on the stock but lowered the price target from $37.70 to $35.30.

Overall, the stock receives coverage from nine analysts across the Street, and has an average price target of $35.10. Six analysts suggest a Buy, while only one recommends a Sell. Following the strong quarterly results, JinkoSolar’s stock price last closed up 4.2% at $22.81.

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