ReneSola Ltd is a holding company. The Company is a brand and technology provider of energy-efficient products based in China. The Company's segments include wafer sales, cell and module sales, and solar power projects. The wafer sales segment involves the manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services. The cell and module sales segment involves the manufacture and sales of solar cells and modules. The solar power projects segment involves sales of solar power projects and electricity generation revenue of certain project assets it owns and operates. The Company provides its customers with solar power products and processing services. It provides solar power products to a network of suppliers and customers, which includes manufacturers of solar cells and modules and distributors, installers and end users of solar modules. The Company manufactures solar-grade polysilicon, solar wafers, cells and modules.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Renewable Energy Equipment & Services - NEC
- Sub-Industry: N/A
- Symbol: NYSE:SOL
- CUSIP: N/A
- Web: www.renesola.com
Capitalization:- Market Cap: $52.87 million
- Outstanding Shares: 20,053,000
Average Prices:- 50 Day Moving Avg: $2.49
- 200 Day Moving Avg: $2.24
- 52 Week Range: $2.15 - $6.40
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -1.73
- P/E Growth: -0.07
Sales & Book Value:- Annual Revenue: $825.75 million
- Price / Sales: 0.06
- Book Value: $2.09 per share
- Price / Book: 1.26
Profitability:- EBIDTA: $41.45 million
- Net Margins: -7.71%
- Return on Equity: -81.60%
- Return on Assets: -5.36%
Debt:- Debt-to-Equity Ratio: 0.74%
- Current Ratio: 0.56%
- Quick Ratio: 0.40%
Misc:- Average Volume: 42,890 shs.
- Beta: 2.22
- Short Ratio: 6
Frequently Asked Questions for Renesola (NYSE:SOL)
What is Renesola's stock symbol?
Renesola trades on the New York Stock Exchange (NYSE) under the ticker symbol "SOL."
When did Renesola's stock split? How did Renesola's stock split work?
Renesola shares 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 closing bell 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 were Renesola's earnings last quarter?
Renesola Ltd. (NYSE:SOL) posted its earnings results on Thursday, June, 15th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($1.08) by $0.08. The company earned $156.68 million during the quarter, compared to analysts' expectations of $143.76 million. Renesola had a negative net margin of 7.71% and a negative return on equity of 81.60%. Renesola's revenue for the quarter was down 39.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. View Renesola's Earnings History.
When will Renesola make its next earnings announcement?
Where is Renesola's stock going? Where will Renesola's stock price be in 2017?
2 analysts have issued 12-month price targets for Renesola's shares. Their forecasts range from $2.00 to $4.00. On average, they expect Renesola's share price to reach $3.00 in the next twelve months. View Analyst Ratings for Renesola.
Who are some of Renesola's key competitors?
Some companies that are related to Renesola include Comstock Resources (CRK), CGG (CGG), Transglobe Energy Corp (TGA), Jones Energy (JONE), Hornbeck Offshore Services (HOS), Eco-Stim Energy Solutions (ESES), Legacy Reserves LP (LGCY), Dawson Geophysical Company (DWSN), FuelCell Energy (FCEL), Amyris (AMRS), Chesapeake Granite Wash Trust (CHKR), Westmoreland Coal Company (WLB), Lonestar Resources US (LONE), VOC Energy Trust (VOC), Cobalt International Energy (CIE), SandRidge Mississippian Trust II (SDR), Enphase Energy (ENPH) and Pacific Coast Oil Trust (ROYT).
Who are Renesola's key executives?
Renesola's management team includes the folowing people:
- Martin Bloom, Independent Chairman of the Board
- Xianshou Li, Chief Executive Officer, Director
- Maggie Ma, Chief Financial Officer
- Kevin Chen, President, America Region
- Xiaoliang Liang, President, China Region
- Jijun Shi, President, European Region
- Stephen Huang, Senior Vice President, President, Asia-Pacific Region
- Wei Fang, Vice President - Group Financial Control
- Xiahe Lian, Vice President - Administration and Human Resources
- Jun Tang, Vice President and General Manager - Wafer division
Who bought Renesola stock? Who is buying Renesola stock?
How do I buy Renesola stock?
Shares of Renesola can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Renesola's stock price today?
One share of Renesola stock can currently be purchased for approximately $2.64.
MarketBeat Community Rating for Renesola (NYSE SOL)MarketBeat's community ratings are surveys of what our community members think about Renesola and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Renesola (NYSE:SOL) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 1 Hold Rating |
| Consensus Rating: | Hold (Score: 1.50) |
| Consensus Price Target: | $3.00 (13.64% upside) |
Analysts' Ratings History for Renesola (NYSE:SOL)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/17/2017 | Roth Capital | Set Price Target | Sell | $2.00 | Medium |  |
| 3/29/2017 | Credit Suisse Group | Upgrade | Underperform -> Neutral | $5.00 -> $4.00 | Medium | |
(Data available from 7/25/2015 forward)
Earnings History for Renesola (NYSE:SOL)Earnings History by Quarter for Renesola (NYSE SOL)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/22/2017 | | ($0.76) | | | | | N/A | |
| 6/15/2017 | Q1 17 | ($1.08) | ($1.16) | $143.76 million | $156.68 million | View | N/A | |
| 3/28/2017 | 12/31/2016 | ($0.84) | ($1.26) | $218.42 million | $232.00 million | View | N/A | |
| 11/29/2016 | Q316 | ($0.17) | ($0.20) | $200.90 million | $1.87 billion | View | Listen | |
| 8/24/2016 | Q216 | $0.04 | $0.05 | $284.39 million | $250.00 million | View | Listen | |
| 5/23/2016 | Q116 | ($0.04) | $0.06 | $256.05 million | $260.70 million | View | Listen | |
| 3/8/2016 | Q415 | ($0.02) | $0.07 | $283.67 million | $296.40 million | View | Listen | |
| 11/17/2015 | Q315 | ($0.02) | $0.08 | $340.02 million | $368.20 million | View | Listen | |
| 8/25/2015 | Q2 | ($0.11) | ($0.02) | $283.03 million | $268.40 million | View | Listen | |
| 6/2/2015 | Q115 | ($0.04) | ($0.09) | $362.10 million | $349.00 million | View | Listen | |
| 3/4/2015 | Q414 | ($0.13) | ($0.08) | $355.08 million | $387.00 million | View | Listen | |
| 11/26/2014 | Q3 | $0.05 | ($0.12) | $428.80 million | $372.46 million | View | Listen | |
| 8/12/2014 | Q2 | ($0.10) | $0.01 | $401.43 million | $387.10 million | View | Listen | |
| 5/29/2014 | Q114 | ($0.08) | ($0.14) | $425.54 million | $415.00 million | View | Listen | |
| 3/24/2014 | Q413 | ($0.14) | $0.01 | $381.40 million | $438.80 million | View | Listen | |
| 12/5/2013 | Q3 | ($0.22) | ($2.23) | $359.91 million | $419.30 million | View | Listen | |
| 8/30/2013 | Q2 2013 | ($0.30) | ($0.24) | $367.73 million | $377.40 million | View | Listen | |
| 5/16/2013 | Q1 2013 | ($0.28) | ($0.45) | $264.20 million | $284.20 million | View | Listen | |
| 3/14/2013 | Q4 2012 | ($0.37) | ($0.58) | $253.50 million | $306.50 million | View | Listen | |
| 11/30/2012 | -0.91 | | ($0.91) | | $218.20 million | View | Listen | |
| 8/24/2012 | Q212 | ($0.34) | ($0.40) | $219.21 million | $233.00 million | View | N/A | |
| 3/16/2012 | | ($0.32) | ($0.43) | | | View | N/A | |
| 11/23/2011 | | ($0.16) | ($0.09) | | | View | N/A | |
| 8/9/2011 | | $0.16 | $0.02 | | | View | N/A | |
| 4/28/2011 | | $0.58 | $0.50 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Renesola (NYSE:SOL)2017 EPS Consensus Estimate: ($2.14)
2018 EPS Consensus Estimate: ($1.80)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | ($1.29) | ($1.29) | ($1.29) |
| Q2 2017 | 1 | ($0.43) | ($0.43) | ($0.43) |
| Q3 2017 | 1 | ($0.37) | ($0.37) | ($0.37) |
| Q4 2017 | 1 | ($0.05) | ($0.05) | ($0.05) |
| Q1 2018 | 1 | ($0.80) | ($0.80) | ($0.80) |
| Q2 2018 | 1 | ($0.25) | ($0.25) | ($0.25) |
| Q3 2018 | 1 | ($0.18) | ($0.18) | ($0.18) |
| Q4 2018 | 1 | ($0.57) | ($0.57) | ($0.57) |
(Data provided by Zacks Investment Research)
Dividend History for Renesola (NYSE:SOL)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Renesola (NYSE:SOL)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Renesola (NYSE:SOL)
Latest Headlines for Renesola (NYSE:SOL)
| Source: |
|
| Date | Headline |
|---|
 | Sasol Limited: Trading Statement for the Financial Year Ended 30 June 2017
finance.yahoo.com - July 25 at 6:53 AM |
 | ReneSola Announces Notice of Annual General Meeting
www.bizjournals.com - July 21 at 7:15 AM |
 | BRIEF-Renesola engages financial advisor and legal counsel
www.reuters.com - July 18 at 3:48 PM |
| ReneSola Special Committee Engages Financial Advisor and Legal Counsel
finance.yahoo.com - July 18 at 8:22 AM |
 | ReneSola Wins Bid to Build 42 MW Solar Projects in Poland
www.zacks.com - July 13 at 9:42 AM |
 | ReneSola (SOL) Announces Award for 42MW Solar Projects in Poland's Electricity Auction
www.streetinsider.com - July 11 at 7:54 AM |
| BRIEF-ReneSola awarded 42MW of solar projects in Poland's electricity auction
www.reuters.com - July 11 at 7:54 AM |
| ReneSola Awarded 42MW of Solar Projects in Poland's Electricity Auction
finance.yahoo.com - July 11 at 7:54 AM |
| BRIEF-Renesola awarded 5MW of solar projects in Thailand
www.reuters.com - July 7 at 12:37 PM |
| Renesola (SOL) Connects 180MW Solar Rooftop Grids in China
finance.yahoo.com - July 7 at 12:37 PM |
| ReneSola Awarded 5MW of Solar Projects in Thailand
finance.yahoo.com - July 6 at 9:46 AM |
| ReneSola Connects 180 MW of Distributed Generation Projects in China
finance.yahoo.com - July 5 at 10:51 AM |
 | Critical Contrast: JA Solar Holdings, Co. (JASO) and Renesola (SOL)
www.americanbankingnews.com - June 29 at 6:30 PM |
| Financial Contrast: Renesola (SOL) and Sunrun (RUN)
www.americanbankingnews.com - June 24 at 10:46 AM |
| Renesola Ltd. (SOL) Given a $2.00 Price Target by Roth Capital Analysts
www.americanbankingnews.com - June 19 at 12:04 AM |
| ReneSola (SOL) Q1 Loss Narrower than Expected, Revenues Down
finance.yahoo.com - June 17 at 6:16 AM |
| Edited Transcript of SOL earnings conference call or presentation 15-Jun-17 12:30pm GMT
finance.yahoo.com - June 16 at 4:37 AM |
 | EARNINGS SUMMARY: Details of ReneSola Ltd. Q1 Earnings Report
www.rttnews.com - June 15 at 3:28 PM |
| BRIEF-ReneSola qtrly loss per share $0.12
www.reuters.com - June 15 at 3:27 PM |
 | ReneSola Ltd. 2017 Q1 - Results - Earnings Call Slides
seekingalpha.com - June 15 at 3:27 PM |
| ReneSola Announces First Quarter 2017 Results
finance.yahoo.com - June 15 at 3:27 PM |
| ReneSola reports 1Q loss
finance.yahoo.com - June 15 at 3:27 PM |
| Renesola Ltd. (SOL) Posts Earnings Results, Misses Expectations By $0.08 EPS
www.americanbankingnews.com - June 15 at 2:12 PM |
| BRIEF-Renesola announces formation of special committee to consider strategic transactions
www.reuters.com - June 15 at 12:45 AM |
| ReneSola (SOL) Receives Preliminary Non-Binding Proposal to Acquire Manufacturing Business and LED Distribution Business
www.streetinsider.com - June 15 at 12:45 AM |
 | ReneSola CEO Makes Pitch to Buy Mfg. Works
www.baystreet.ca - June 15 at 12:45 AM |
| ReneSola Announces Receipt of a Preliminary Non-Binding Proposal and Formation of Special Committee to Consider Strategic Transactions
finance.yahoo.com - June 15 at 12:45 AM |
| Sasol Breaks Ground on new Alkoxylation Production Facility in China
finance.yahoo.com - June 8 at 8:07 AM |
| ReneSola to Host First Quarter 2017 Results Conference Call on June 15, 2017
finance.yahoo.com - June 7 at 10:46 AM |
| ReneSola Ltd. (SOL) Rating Lowered to Strong Sell at ValuEngine
www.americanbankingnews.com - June 3 at 10:12 AM |
| ReneSola Ltd. :SOL-US: Earnings Analysis: Q4, 2016 By the Numbers : May 22, 2017
finance.yahoo.com - May 22 at 6:57 PM |
| ReneSola Ltd. (SOL) Upgraded by ValuEngine to Sell
www.americanbankingnews.com - May 16 at 3:27 PM |
| ReneSola Files 2016 Annual Report on Form 20-F
finance.yahoo.com - April 28 at 9:11 PM |
| Favorable Press Coverage Somewhat Unlikely to Impact ReneSola (SOL) Stock Price
www.americanbankingnews.com - April 26 at 8:06 PM |
| ReneSola (SOL) Getting Critical News Coverage, Analysis Finds
www.americanbankingnews.com - April 23 at 9:05 AM |
| Favorable Media Coverage Likely to Impact ReneSola (SOL) Share Price
www.americanbankingnews.com - April 20 at 2:03 PM |
| ReneSola Inks Deal to Sell 6.75MW of Solar Project in NC
finance.yahoo.com - April 18 at 7:09 PM |
| ReneSola (SOL) Receiving Somewhat Critical Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 17 at 6:35 PM |
| ReneSola Signs Agreement to Sell 6.75MW of Solar Project in North Carolina
finance.yahoo.com - April 17 at 8:58 AM |
| ReneSola to Attend SNEC in Shanghai on April 19-21, 2017
finance.yahoo.com - April 13 at 7:44 PM |
| ReneSola (SOL) Receiving Very Positive Press Coverage, Study Finds
www.americanbankingnews.com - April 13 at 8:25 AM |
| Sasol Completes Majority of Rand/US Dollar Hedging Programme for its 2018 Financial Year
finance.yahoo.com - April 11 at 7:41 PM |
| Zacks: ReneSola Ltd. (SOL) Given $2.05 Consensus Target Price by Analysts
www.americanbankingnews.com - April 3 at 1:32 PM |
| Roth Capital Weighs in on ReneSola Ltd.'s Q1 2017 Earnings (SOL)
www.americanbankingnews.com - March 31 at 10:32 AM |
| ReneSola: Outlook Improving - Seeking Alpha
seekingalpha.com - March 30 at 8:13 PM |
| ReneSola Connects 10MW of Ground-mount Solar Projects to UK Grid
finance.yahoo.com - March 30 at 8:13 PM |
| Sasol Receives Best Corporate Taxpayer Award in Mozambique for Second Time
finance.yahoo.com - March 30 at 8:13 PM |
| Roth Capital Weighs in on ReneSola Ltd.'s Q1 2018 Earnings (SOL)
www.americanbankingnews.com - March 30 at 11:07 AM |
| ReneSola (SOL) Q4 Loss Wider than Expected, Shipments Down
finance.yahoo.com - March 30 at 12:06 AM |
| ReneSola upgraded by Credit Suisse
finance.yahoo.com - March 30 at 12:06 AM |
Renesola (SOL) Chart for Tuesday, July, 25, 2017
