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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:SOL

ReneSola Stock Forecast, Price & News

$4.81
-0.11 (-2.24%)
(As of 06/24/2022 07:00 PM ET)
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Today's Range
$4.76
$4.98
50-Day Range
$3.73
$5.63
52-Week Range
$3.46
$10.00
Volume
665,700 shs
Average Volume
1.02 million shs
Market Capitalization
$322.92 million
P/E Ratio
80.17
Dividend Yield
N/A
Price Target
$11.50
30 days | 90 days | 365 days | Advanced Chart

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SOL Stock Forecast (MarketRank)

Overall MarketRank

2.21 out of 5 stars

Oils/Energy Sector

142nd out of 374 stocks

Semiconductors & Related Devices Industry

50th out of 122 stocks

Analyst Opinion: 3.7Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
ReneSola logo

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.

SOL Stock News Headlines

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Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
147
Year Founded
2005

Company Calendar

Last Earnings
6/07/2022
Today
6/26/2022
Next Earnings (Estimated)
8/29/2022
Fiscal Year End
12/31/2022

Price 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 Rating
Buy
Rating Score (0-4)
3.33333333333333
Research Coverage
3 Analysts

Profitability

Net Income
$6.86 million
Pretax Margin
6.99%

Debt

Sales & Book Value

Annual Sales
$79.66 million
Cash Flow
$0.27 per share
Book Value
$6.43 per share

Miscellaneous

Free Float
N/A
Market Cap
$322.92 million
Optionable
Optionable
Beta
2.27

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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 Relations
  • Mr. Josef Kastner, Chief Exec. Officer of European Projects (Age 58)
  • Ms. Rebecca Shen, Investor Relations Contact
  • Ms. 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.

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..
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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

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