NYSE:SOL ReneSola Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding ReneSola Ltd Please log in to your account or sign up in order to add this asset to your watchlist. $4.81 -0.11 (-2.24%) (As of 06/24/2022 07:00 PM ET) Add Compare Share Today's Range$4.76▼$4.9850-Day Range$3.73▼$5.6352-Week Range$3.46▼$10.00Volume665,700 shsAverage Volume1.02 million shsMarket Capitalization$322.92 millionP/E Ratio80.17Dividend YieldN/APrice Target$11.50 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SOL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ReneSola and its competitors with MarketBeat's FREE daily newsletter. Email Address SOL Stock Forecast (MarketRank)Overall MarketRank™2.21 out of 5 starsOils/Energy Sector142nd out of 374 stocksSemiconductors & Related Devices Industry50th out of 122 stocksAnalyst Opinion: 3.7Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 - 3.7 Analyst's Opinion Consensus RatingReneSola has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.50, ReneSola has a forecasted upside of 139.1% from its current price of $4.81.Amount of Analyst CoverageReneSola has received no research coverage in the past 90 days. Previous Next 3.2 Community Rank Outperform VotesReneSola has received 189 “outperform” votes. (Add your “outperform” vote.)Underperform VotesReneSola has received 213 “underperform” votes. (Add your “underperform” vote.)Community SentimentReneSola has received 52.99% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about ReneSola and other stocks. Vote “Outperform” if you believe SOL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SOL will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldReneSola does not currently pay a dividend.Dividend GrowthReneSola does not have a long track record of dividend growth. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ReneSola insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,139,946.00 in company stock and sold $0.00 in company stock.Percentage Held by InstitutionsOnly 39.19% of the stock of ReneSola is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for ReneSola are expected to grow by 76.92% in the coming year, from $0.13 to $0.23 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ReneSola is 80.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.79.Price to Earnings Ratio vs. SectorThe P/E ratio of ReneSola is 80.17, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.51.Price to Book Value per Share RatioReneSola has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About ReneSola (NYSE:SOL)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. In addition, its engineering, procurement, and construction business provides engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2021, it operated approximately 100 solar power projects with an aggregate capacity of 180 megawatts. ReneSola Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.Read More SOL Stock News HeadlinesJune 23, 2022 | nasdaq.comWhat to Infer from ReneSola’s Insider Trades? - NasdaqJune 23, 2022 | americanbankingnews.comReneSola Ltd (NYSE:SOL) CFO Shah Capital Management Purchases 145,000 SharesJune 19, 2022 | americanbankingnews.comStockNews.com Downgrades ReneSola (NYSE:SOL) to SellJune 16, 2022 | finance.yahoo.comDoes ReneSola (SOL) Have the Potential to Rally 129% as Wall Street Analysts Expect?June 15, 2022 | americanbankingnews.comReneSola Ltd (NYSE:SOL) CFO Shah Capital Management Buys 106,499 SharesJune 14, 2022 | seekingalpha.comReneSola Encounters Headwinds But Looks Better Positioned Than Most (undefined:SOL) - Seeking AlphaJune 10, 2022 | benzinga.comReneSola Power to Participate at the Roth 8th Annual London Conference - Benzinga - BenzingaJune 10, 2022 | finance.yahoo.comReneSola Power to Participate at the Roth 8th Annual London ConferenceJune 9, 2022 | americanbankingnews.comReneSola (NYSE:SOL) Upgraded by StockNews.com to "Hold"June 8, 2022 | finance.yahoo.comReneSola's (SOL) Loss Narrows in Q1, Revenues Plunge Y/YJune 7, 2022 | investors.comSolar Stocks Rally As Biden Gives Solar A Boost With Tariff Freeze - Investor's Business DailyJune 7, 2022 | finance.yahoo.comReneSola Clocks Q1 Revenue Decline Of 85%, Reiterates FY22 GuidanceJune 7, 2022 | benzinga.comReneSola Clocks Q1 Revenue Decline Of 85%, Reiterates FY22 Guidance - Benzinga - BenzingaSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Semiconductors & related devices Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:SOL CUSIPN/A CIK1417892 Webwww.renesolapower.com Phone(347) 577-9055Fax347-577-9985Employees147Year Founded2005Company Calendar Last Earnings6/07/2022Today6/26/2022Next Earnings (Estimated)8/29/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$11.50 High Stock Price Forecast$12.50 Low Stock Price Forecast$10.00 Forecasted Upside/Downside+139.1%Consensus RatingBuy Rating Score (0-4)3.33333333333333 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.06 Trailing P/E Ratio80.17 Forward P/E Ratio37.00 P/E GrowthN/ANet Income$6.86 million Net Margins7.29% Pretax Margin6.99% Return on Equity1.67% Return on Assets1.41% Debt Debt-to-Equity RatioN/A Current Ratio9.12 Quick Ratio9.12 Sales & Book Value Annual Sales$79.66 million Price / Sales4.05 Cash Flow$0.27 per share Price / Cash Flow17.79 Book Value$6.43 per share Price / Book0.75Miscellaneous Outstanding Shares67,135,000Free FloatN/AMarket Cap$322.92 million OptionableOptionable Beta2.27 Social Links ReneSola Frequently Asked Questions Should I buy or sell ReneSola stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ReneSola in the last twelve months. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ReneSola stock. View analyst ratings for ReneSola or view top-rated stocks. What is ReneSola's stock price forecast for 2022? 3 brokerages have issued 12-month price targets for ReneSola's stock. Their SOL stock forecasts range from $10.00 to $12.50. On average, they expect ReneSola's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 139.1% from the stock's current price. View analysts' price targets for ReneSola or view top-rated stocks among Wall Street analysts. How has ReneSola's stock performed in 2022? ReneSola's stock was trading at $5.96 at the start of the year. Since then, SOL shares have decreased by 19.3% and is now trading at $4.81. View the best growth stocks for 2022 here. When is ReneSola's next earnings date? ReneSola is scheduled to release its next quarterly earnings announcement on Monday, August 29th 2022. View our earnings forecast for ReneSola. How were ReneSola's earnings last quarter? ReneSola Ltd (NYSE:SOL) released its earnings results on Tuesday, June, 7th. The semiconductor company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. ReneSola had a trailing twelve-month return on equity of 1.67% and a net margin of 7.29%. During the same quarter in the previous year, the firm posted $0.05 earnings per share. View ReneSola's earnings history. When did ReneSola's stock split? How did ReneSola's stock split work? ReneSola's stock reverse split on Friday, February 10th 2017. The 1-5 reverse split was announced on Monday, January 30th 2017. The number of shares owned by shareholders was adjusted after the market closes on Thursday, February 9th 2017. An investor that had 100 shares of ReneSola stock prior to the reverse split would have 20 shares after the split. How will ReneSola's stock buyback program work? ReneSola declared that its Board of Directors has initiated a stock repurchase program on Monday, December 6th 2021, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 12.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued. What guidance has ReneSola issued on next quarter's earnings? ReneSola issued an update on its FY 2022 earnings guidance on Tuesday, June, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $100.00 million-$120.00 million, compared to the consensus revenue estimate of $111.13 million. Who are ReneSola's key executives? ReneSola's management team includes the following people: Mr. Yumin Liu, Chief Exec. Officer (Age 59)Mr. Ke Chen, Chief Financial Officer (Age 48)Ms. Xinhan Li, VP of Investment & Director (Age 28)Mr. John Ewen, Chief Exec. Officer of North America (Age 52)Mr. Johnny Pan, Investor RelationsMr. Josef Kastner, Chief Exec. Officer of European Projects (Age 58)Ms. Rebecca Shen, Investor Relations ContactMs. Ella Li, Investor Relations What is Xian Shou Li's approval rating as ReneSola's CEO? 34 employees have rated ReneSola CEO Xian Shou Li on Glassdoor.com. Xian Shou Li has an approval rating of 28% among ReneSola's employees. This puts Xian Shou Li in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. Who are some of ReneSola's key competitors? Some companies that are related to ReneSola include Photronics (PLAB), ChipMOS TECHNOLOGIES (IMOS), SMART Global (SGH), indie Semiconductor (INDI), Alpha and Omega Semiconductor (AOSL), NeoPhotonics (NPTN), Netlist (NLST), Netlist (NLST), Ichor (ICHR), Magnachip Semiconductor (MX), Canaan (CAN), Navitas Semiconductor (NVTS), Maxeon Solar Technologies (MAXN), nLIGHT (LASR) and FTC Solar (FTCI). View all of SOL's competitors. What other stocks do shareholders of ReneSola own? Based on aggregate information from My MarketBeat watchlists, some companies that other ReneSola investors own include Co-Diagnostics (CODX), Inovio Pharmaceuticals (INO), Nokia Oyj (NOK), FuelCell Energy (FCEL), Advanced Micro Devices (AMD), SunPower (SPWR), VBI Vaccines (VBIV), First Solar (FSLR), Onconova Therapeutics (ONTX) and OPKO Health (OPK). What is ReneSola's stock symbol? ReneSola trades on the New York Stock Exchange (NYSE) under the ticker symbol "SOL." Who are ReneSola's major shareholders? ReneSola's stock is owned by many different institutional and retail investors. Top institutional shareholders include Invesco Ltd. (9.53%), State Street Corp (4.25%), BlackRock Inc. (0.56%), First Trust Advisors LP (0.51%), JPMorgan Chase & Co. (0.27%) and Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.21%). Company insiders that own ReneSola stock include Barlow Todd and Shah Capital Management. View institutional ownership trends for ReneSola. Which institutional investors are selling ReneSola stock? SOL stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., State Street Corp, JPMorgan Chase & Co., First Trust Advisors LP, Jane Street Group LLC, Harel Insurance Investments & Financial Services Ltd., BlackRock Inc., and Citigroup Inc.. View insider buying and selling activity for ReneSola or view top insider-selling stocks. Which institutional investors are buying ReneSola stock? SOL stock was bought by a variety of institutional investors in the last quarter, including Group One Trading L.P., Krane Funds Advisors LLC, PEAK6 Investments LLC, Goldman Sachs Group Inc., Ergoteles LLC, Dynamic Technology Lab Private Ltd, Atria Wealth Solutions Inc., and Veriti Management LLC. View insider buying and selling activity for ReneSola or or view top insider-buying stocks. How do I buy shares of ReneSola? Shares of SOL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is ReneSola's stock price today? One share of SOL stock can currently be purchased for approximately $4.81. How much money does ReneSola make? ReneSola (NYSE:SOL) has a market capitalization of $322.92 million and generates $79.66 million in revenue each year. The semiconductor company earns $6.86 million in net income (profit) each year or $0.06 on an earnings per share basis. How many employees does ReneSola have? ReneSola employs 147 workers across the globe. Does ReneSola have any subsidiaries? The following companies are subsidiares of ReneSola: ECOSFER ENERGY S.R.L., Edison Oakapple Ltd, LUCAS EST S.R.L, ReneSola Consulting (Shanghai) Co. Ltd, ReneSola Investment Management Ltd., ReneSola New Energy S.à r.l., ReneSola Power Canada, ReneSola Power Holdings LLC., Renesola (Zhejiang) PV Power Co. Ltd., Renesola Poksla sp. z o.o., Renesola Szolgáltató és Kivitelező Kft., Sichuan Bobo Electric Power Engineering Ltd., and Zhejiang ReneSola Investment Ltd..Read More When was ReneSola founded? ReneSola was founded in 2005. How can I contact ReneSola? ReneSola's mailing address is 3RD FLOOR 850 CANAL ST, STAMFORD CT, 06902. The official website for ReneSola is www.renesolapower.com. The semiconductor company can be reached via phone at (347) 577-9055, via email at [email protected], or via fax at 347-577-9985. This page (NYSE:SOL) was last updated on 6/27/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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