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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
MarketBeat: Week in Review 11/21 - 11/25
THE BEST BLACK FRIDAY DEAL YET (Ad)
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
Inflation hovers over shoppers seeking deals on Black Friday
THE BEST BLACK FRIDAY DEAL YET (Ad)
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
US FCC bans sales, import of Chinese tech from Huawei, ZTE
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
MarketBeat: Week in Review 11/21 - 11/25
THE BEST BLACK FRIDAY DEAL YET (Ad)
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
Inflation hovers over shoppers seeking deals on Black Friday
THE BEST BLACK FRIDAY DEAL YET (Ad)
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
US FCC bans sales, import of Chinese tech from Huawei, ZTE
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
MarketBeat: Week in Review 11/21 - 11/25
THE BEST BLACK FRIDAY DEAL YET (Ad)
See the World with Dollar Flight Club's Lowest Price for Black Friday Weekend
Inflation hovers over shoppers seeking deals on Black Friday
THE BEST BLACK FRIDAY DEAL YET (Ad)
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
US FCC bans sales, import of Chinese tech from Huawei, ZTE
See how to make money instead of spending it on Black Friday with this offer (Ad)
Sober or bright? Europe faces holidays during energy crunch
Biden eases Venezuela sanctions as opposition talks resume
NYSE:SOL

ReneSola - SOL Stock Forecast, Price & News

$4.75
-0.18 (-3.65%)
(As of 11/25/2022 12:00 AM ET)
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Compare
Today's Range
$4.74
$4.93
50-Day Range
$4.19
$6.08
52-Week Range
$3.46
$8.43
Volume
199,827 shs
Average Volume
341,498 shs
Market Capitalization
$318.92 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.75

ReneSola MarketRank™ Forecast

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
105.3% Upside
$9.75 Price Target
Short Interest
Healthy
2.44% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
180.00%
From $0.10 to $0.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Oils/Energy Sector

53rd out of 243 stocks

Semiconductors & Related Devices Industry

21st out of 93 stocks

SOL stock logo

About ReneSola (NYSE:SOL) Stock

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.

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SOL Stock News Headlines

Renesola - ADR
ReneSola Power Announces Acquisition of Emeren
ReneSola: Q2 Earnings Snapshot
See More Headlines
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SOL Company Calendar

Last Earnings
9/07/2022
Today
11/26/2022
Next Earnings (Confirmed)
12/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$9.75
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+105.3%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$6.86 million
Pretax Margin
-5.79%

Debt

Sales & Book Value

Annual Sales
$79.66 million
Cash Flow
$0.26 per share
Book Value
$6.43 per share

Miscellaneous

Free Float
55,037,000
Market Cap
$318.92 million
Optionable
Optionable
Beta
2.04

Social Links


Key Executives

  • Mr. Yumin Liu (Age 59)
    CEO & Director
  • Mr. Ke Chen (Age 48)
    Chief Financial Officer
  • Mr. John Ewen (Age 52)
    Chief Exec. Officer of North America
  • Mr. Johnny Pan
    Investor Relations
  • Mr. Josef Kastner (Age 58)
    Chief Exec. Officer of European Projects
  • Ms. Rebecca Shen
    Investor Relations Contact
  • Ms. Ella Li
    Investor Relations













SOL Stock - Frequently Asked Questions

Should I buy or sell ReneSola stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ReneSola in the last year. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SOL shares.
View SOL analyst ratings
or view top-rated stocks.

What is ReneSola's stock price forecast for 2023?

4 analysts have issued 1 year target prices for ReneSola's stock. Their SOL share price forecasts range from $8.00 to $12.00. On average, they expect the company's share price to reach $9.75 in the next twelve months. This suggests a possible upside of 105.3% from the stock's current price.
View analysts price targets for SOL
or view top-rated stocks among Wall Street analysts.

How have SOL shares performed in 2022?

ReneSola's stock was trading at $5.96 on January 1st, 2022. Since then, SOL stock has decreased by 20.3% and is now trading at $4.75.
View the best growth stocks for 2022 here
.

When is ReneSola's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our SOL earnings forecast
.

How can I listen to ReneSola's earnings call?

ReneSola will be holding an earnings conference call on Thursday, December 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were ReneSola's earnings last quarter?

ReneSola Ltd (NYSE:SOL) issued its earnings results on Wednesday, September, 7th. The semiconductor company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by $0.02. The semiconductor company earned $8.21 million during the quarter, compared to analysts' expectations of $14.41 million. ReneSola had a negative trailing twelve-month return on equity of 0.12% and a negative net margin of 5.50%. During the same quarter in the prior year, the business posted $0.10 EPS.

When did ReneSola's stock split?

Shares of ReneSola reverse split before market open 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 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 approved a stock buyback 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 shares through open market purchases. Shares repurchase programs are often a sign that the company's management 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 Thursday, October, 6th. 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 $107.20 million.

What is Xian Shou Li's approval rating as ReneSola's CEO?

34 employees have rated ReneSola Chief Executive Officer Xian Shou Li on Glassdoor.com. Xian Shou Li has an approval rating of 28% among the company'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 State Street Corp (5.71%), Marshall Wace LLP (0.81%), BlackRock Inc. (0.56%), Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.21%), Krane Funds Advisors LLC (0.11%) and Boothbay Fund Management LLC (0.09%).
View institutional ownership trends
.

How do I buy shares of ReneSola?

Shares of SOL stock 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 $4.75.

How much money does ReneSola make?

ReneSola (NYSE:SOL) has a market capitalization of $318.92 million and generates $79.66 million in revenue each year. The semiconductor company earns $6.86 million in net income (profit) each year or ($0.04) on an earnings per share basis.

How many employees does ReneSola have?

The company 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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How can I contact ReneSola?

ReneSola's mailing address is 3RD FLOOR 850 CANAL ST, STAMFORD CT, 06902. The official website for the company is www.renesolapower.com. The semiconductor company can be reached via phone at (347) 577-9055, via email at ir@renesolapower.com, or via fax at 347-577-9985.

This page (NYSE:SOL) was last updated on 11/26/2022 by MarketBeat.com Staff