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NEW YORK (TheStreet) -- Jinkosolar Holding Co (JKS) - Get Report has been downgraded by TheStreet Ratings from Hold to Sell with a ratings score of D+.  TheStreet Ratings Team has this to say about their recommendation:

TheStreet Ratings team rates JINKOSOLAR HOLDING CO as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate JINKOSOLAR HOLDING CO (JKS) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins and generally disappointing historical performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• The debt-to-equity ratio is very high at 2.38 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. To add to this, JKS has a quick ratio of 0.70, this demonstrates the lack of ability of the company to cover short-term liquidity needs.
• The gross profit margin for JINKOSOLAR HOLDING CO is rather low; currently it is at 22.84%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 8.29% significantly trails the industry average.
• Looking at the price performance of JKS's shares over the past 12 months, there is not much good news to report: the stock is down 30.29%, and it has underformed the S&P 500 Index. In addition, the company's earnings per share are lower today than the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
• JINKOSOLAR HOLDING CO's earnings per share declined by 25.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, JINKOSOLAR HOLDING CO increased its bottom line by earning $2.39 versus $1.09 in the prior year. This year, the market expects an improvement in earnings ($3.61 versus $2.39).
• Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market on the basis of return on equity, JINKOSOLAR HOLDING CO has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
• You can view the full analysis from the report here: JKS Ratings Report