ReneSola Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ReneSola in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ReneSola stock.
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ReneSola saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,810,000 shares, an increase of 17.5% from the June 30th total of 1,540,000 shares. Based on an average daily trading volume, of 2,080,000 shares, the short-interest ratio is presently 0.9 days.
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ReneSola is scheduled to release its next quarterly earnings announcement on Thursday, August 26th 2021.
View our earnings forecast for ReneSola.

ReneSola Ltd (NYSE:SOL) announced its earnings results on Tuesday, May, 25th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. The semiconductor company earned $22.78 million during the quarter, compared to the consensus estimate of $20 million. ReneSola had a net margin of 11.16% and a trailing twelve-month return on equity of 4.02%.
View ReneSola's earnings history.

ReneSola's stock was trading at $1.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SOL stock has increased by 527.0% and is now trading at $6.96.
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Shares of ReneSola reverse split on the morning of 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.

ReneSola issued an update on its second quarter 2021 earnings guidance on Friday, June, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $19 million-$22 million, compared to the consensus revenue estimate of $23.20 million.

4 Wall Street analysts have issued 1 year price targets for ReneSola's shares. Their forecasts range from $8.20 to $15.00. On average, they anticipate ReneSola's stock price to reach $12.57 in the next twelve months. This suggests a possible upside of 80.6% from the stock's current price.
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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.

Some companies that are related to ReneSola include Netlist (NLST), OSI Systems (OSIS), nLIGHT (LASR), Ichor (ICHR), ChipMOS TECHNOLOGIES (IMOS), SMART Global (SGH), SkyWater Technology (SKYT), Magnachip Semiconductor (MX), Canaan (CAN), FTC Solar (FTCI), Photronics (PLAB), Alpha and Omega Semiconductor (AOSL), Kopin (KOPN), Maxeon Solar Technologies (MAXN) and NeoPhotonics (NPTN).
View all of SOL's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other ReneSola investors own include Co-Diagnostics (CODX), Inovio Pharmaceuticals (INO), Nokia (NOK), FuelCell Energy (FCEL), Advanced Micro Devices (AMD), SunPower (SPWR), VBI Vaccines (VBIV), First Solar (FSLR), Onconova Therapeutics (ONTX) and OPKO Health (OPK).

ReneSola trades on the New York Stock Exchange (NYSE) under the ticker symbol "SOL."

ReneSola's stock is owned by many different institutional and retail investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (0.16%). Company insiders that own ReneSola stock include Barlow Todd and Shah Capital Management.
View institutional ownership trends for ReneSola.

SOL stock was sold by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd..
View insider buying and selling activity for ReneSola or view top insider-selling stocks.

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.
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One share of SOL stock can currently be purchased for approximately $6.96.

ReneSola has a market capitalization of $485.46 million and generates $73.92 million in revenue each year. The semiconductor company earns $2.78 million in net income (profit) each year or $0.09 on an earnings per share basis.

ReneSola employs 147 workers across the globe.

The official website for ReneSola is www.renesolapower.com.

ReneSola is headquartered at 3RD FLOOR 850 CANAL ST, STAMFORD CT, 06902.

ReneSola's mailing address is 3RD FLOOR 850 CANAL ST, STAMFORD CT, 06902. The semiconductor company can be reached via phone at 347-577-9055 or via email at [email protected]