NEW YORK (TheStreet) -- JinkoSolar (JKS - Get Report) stock is sliding on Tuesday after the company reported quarterly net income lower than analysts' estimates. Over the three months to March, JinkoSolar earned 20 cents a share, half what analysts surveyed by Thomson Reuters expected.
Revenue of $323.9 million beat estimates of $288.58 million. Sales were 8% lower sequentially but up 73.1% year over year.
By market open, shares had added 3.8% to $24.89.
TheStreet Ratings team rates JINKOSOLAR HOLDING CO as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate JINKOSOLAR HOLDING CO (JKS) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."
- You can view the full analysis from the report here: JKS Ratings Report