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BABA   79.06 (-2.38%)
AMD   64.14 (-6.17%)
T   15.53 (-1.90%)
MU   50.01 (-1.94%)
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GE   62.73 (-2.68%)
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NFLX   239.71 (-2.24%)
QQQ   271.87 (-2.88%)
AAPL   142.48 (-4.91%)
MSFT   237.50 (-1.48%)
META   136.41 (-3.67%)
GOOGL   97.42 (-2.63%)
AMZN   114.80 (-2.72%)
TSLA   268.21 (-6.81%)
NVDA   122.20 (-4.05%)
NIO   15.58 (-10.10%)
BABA   79.06 (-2.38%)
AMD   64.14 (-6.17%)
T   15.53 (-1.90%)
MU   50.01 (-1.94%)
CGC   2.78 (-8.55%)
F   11.47 (-5.83%)
GE   62.73 (-2.68%)
DIS   97.45 (-1.96%)
AMC   7.10 (-7.43%)
PYPL   88.70 (-2.66%)
PFE   44.16 (-0.61%)
NFLX   239.71 (-2.24%)
QQQ   271.87 (-2.88%)
AAPL   142.48 (-4.91%)
MSFT   237.50 (-1.48%)
META   136.41 (-3.67%)
GOOGL   97.42 (-2.63%)
AMZN   114.80 (-2.72%)
TSLA   268.21 (-6.81%)
NVDA   122.20 (-4.05%)
NIO   15.58 (-10.10%)
BABA   79.06 (-2.38%)
AMD   64.14 (-6.17%)
T   15.53 (-1.90%)
MU   50.01 (-1.94%)
CGC   2.78 (-8.55%)
F   11.47 (-5.83%)
GE   62.73 (-2.68%)
DIS   97.45 (-1.96%)
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PYPL   88.70 (-2.66%)
PFE   44.16 (-0.61%)
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ReneSola (NYSE:SOL) Issues Earnings Results

ReneSola (NYSE:SOL - Get Rating) announced its earnings results on Wednesday. The semiconductor company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03), Fidelity Earnings reports. ReneSola had a return on equity of 1.67% and a net margin of 7.29%. During the same quarter in the prior year, the company earned $0.10 earnings per share.

ReneSola Stock Performance

NYSE SOL traded up $0.03 during trading hours on Thursday, reaching $5.46. The stock had a trading volume of 4,674 shares, compared to its average volume of 569,867. The stock has a fifty day moving average of $5.73 and a 200 day moving average of $5.44. The stock has a market cap of $366.58 million, a P/E ratio of 90.50 and a beta of 2.20. ReneSola has a 52-week low of $3.46 and a 52-week high of $9.72.

Insider Activity at ReneSola

In related news, CFO Shah Capital Management acquired 106,499 shares of the stock in a transaction on Monday, June 13th. The shares were acquired at an average price of $4.40 per share, for a total transaction of $468,595.60. Following the transaction, the chief financial officer now owns 11,710,603 shares in the company, valued at approximately $51,526,653.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have bought a total of 344,206 shares of company stock worth $1,550,638 over the last quarter. Insiders own 18.02% of the company's stock.

Institutional Investors Weigh In On ReneSola


Several hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its position in ReneSola by 26.8% in the 2nd quarter. State Street Corp now owns 3,620,045 shares of the semiconductor company's stock worth $17,195,000 after purchasing an additional 765,933 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of ReneSola by 397.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 56,200 shares of the semiconductor company's stock worth $267,000 after buying an additional 44,900 shares during the period. Renaissance Technologies LLC acquired a new position in shares of ReneSola during the 2nd quarter worth approximately $370,000. Credit Suisse AG raised its stake in shares of ReneSola by 67.5% during the 2nd quarter. Credit Suisse AG now owns 111,413 shares of the semiconductor company's stock worth $529,000 after buying an additional 44,901 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of ReneSola during the 1st quarter worth approximately $157,000. Hedge funds and other institutional investors own 38.66% of the company's stock.

Analysts Set New Price Targets

SOL has been the topic of a number of research analyst reports. StockNews.com lowered ReneSola from a "hold" rating to a "sell" rating in a research note on Friday, June 17th. Raymond James dropped their price target on ReneSola from $12.50 to $10.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, July 12th. Finally, TheStreet upgraded ReneSola from a "d+" rating to a "c-" rating in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.67.

ReneSola Company Profile

(Get Rating)

ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States, Canada, Europe, and internationally. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells project rights.

Featured Articles

Earnings History for ReneSola (NYSE:SOL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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