NYSE:SOL ReneSola - SOL 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. $5.08 -0.09 (-1.74%) (As of 02/6/2023 12:00 AM ET) Add Compare Share Share Today's Range$5.01▼$5.1750-Day Range$4.17▼$5.4552-Week Range$3.46▼$8.43Volume323,054 shsAverage Volume425,464 shsMarket Capitalization$305.94 millionP/E RatioN/ADividend YieldN/APrice Target$10.17 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media ReneSola MarketRank™ ForecastAnalyst RatingBuy3.33 Rating ScoreUpside/Downside100.1% Upside$10.17 Price TargetShort InterestHealthy1.76% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.43Based on 2 Articles This WeekInsider TradingAcquiring Shares$378,490 Bought Last QuarterProj. Earnings Growth266.67%From $0.09 to $0.33 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.88 out of 5 starsOils/Energy Sector25th out of 237 stocksSemiconductors & Related Devices Industry5th out of 89 stocks 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 $10.17, ReneSola has a forecasted upside of 100.1% from its current price of $5.08.Amount of Analyst CoverageReneSola has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.76% of the outstanding shares of ReneSola have been sold short.Short Interest Ratio / Days to CoverReneSola has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in ReneSola has recently decreased by 15.87%, indicating that investor sentiment is improving significantly. 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 N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SOL. Previous Next 2.5 News and Social Media Coverage News SentimentReneSola has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for ReneSola this week, compared to 2 articles on an average week.Search Interest31 people have searched for SOL on MarketBeat in the last 30 days. This is an increase of 933% compared to the previous 30 days.MarketBeat Follows9 people have added ReneSola to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 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 $378,490.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders18.02% of the stock of ReneSola is held by insiders. A high percentage of insider ownership can be a sign of company health. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for ReneSola are expected to grow by 266.67% in the coming year, from $0.09 to $0.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ReneSola is -508.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of ReneSola is -508.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioReneSola has a P/B Ratio of 0.79. 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) StockReneSola Ltd. is a pure solar project developer and operator. The firm is focused on the solar power project development, construction management, and project financing services. Its projects include U.S. RP-MN portfolio, Siedliska, Membury, Field House, Zhejiang, and Jiangsu. The company was founded in 2005 and is headquartered in Stamford, CT.Read More 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 News HeadlinesFebruary 1, 2023 | finance.yahoo.comWhat Makes ReneSola (SOL) a New Strong Buy StockFebruary 1, 2023 | finance.yahoo.comEmeren Announces Appointment of Marcum Asia as AuditorFebruary 6, 2023 | Investing Trends (Ad)New "Vertical" Technology Solves Solar Power's Major FlawEven conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.January 30, 2023 | finance.yahoo.comZacks.com featured highlights Live Nation Entertainment, Fastenal, BigCommerce, Telefonica Brasil and RenesolaJanuary 30, 2023 | finance.yahoo.comReneSola Power Announces Rebranding and Changes Name to EmerenJanuary 30, 2023 | finance.yahoo.comEmeren launches as new name for ReneSola, with unchanged ticker symbolJanuary 27, 2023 | finance.yahoo.comForget Bargain Hunting, Buy 5 Stocks With Rising P/EJanuary 16, 2023 | finance.yahoo.comReturns Are Gaining Momentum At ReneSola (NYSE:SOL)February 6, 2023 | Investing Trends (Ad)"We need batteries. Literally everywhere."Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense." January 13, 2023 | finance.yahoo.comJinkoSolar (JKS) Introduces Upgraded Tiger Neo Solar PanelJanuary 10, 2023 | marketwatch.comSilicon Ingots Market Opportunities, Demand and Forecasts 2023-2028 with Top Countries DataJanuary 10, 2023 | marketwatch.comPhotovoltaics Modules Market 2023 Company Challenges, Latest Advancements, Growth Prediction, and Forecast by 2028December 18, 2022 | thestreet.comSolar Losers: ReneSolaDecember 12, 2022 | marketwatch.comSilicon Ingots Market 2022 : Incredible Possibilities, Growth Analysis and Forecast To 2028December 12, 2022 | marketwatch.comCrystalline Silicon Solar PV Module Market Size 2028 Size Estimation, New Investment Opportunities with Top Countries DataDecember 8, 2022 | finance.yahoo.comReneSola Ltd (NYSE:SOL) Q3 2022 Earnings Call TranscriptDecember 6, 2022 | finance.yahoo.comReneSola Third Quarter 2022 Earnings: Beats ExpectationsDecember 3, 2022 | finance.yahoo.comReneSola (SOL) Q3 Revenues Beat Estimates, Earnings Rise Y/YDecember 2, 2022 | finance.yahoo.comEdited Transcript of SOL.N earnings conference call or presentation 1-Dec-22 10:00pm GMTNovember 15, 2022 | finance.yahoo.comReneSola Power to Release Third Quarter 2022 Financial Results on December 1, 2022November 11, 2022 | finance.yahoo.comInstitutions profited after ReneSola Ltd's (NYSE:SOL) market cap rose US$33m last week butprivate companies profited the mostOctober 26, 2022 | money.usnews.comRenesola - ADROctober 20, 2022 | finance.yahoo.comReneSola Power Announces 10 MWp Inaugural IPP Project in HungaryOctober 19, 2022 | benzinga.comCannabis Stock Gainers And Losers From October 18, 2022 - ReneSola (NYSE:SOL), Cannabix Technologies (OTC - BenzingaOctober 15, 2022 | seekingalpha.comReneSola: Favorable Legislative Environment In 3 Key Regions Bodes Well (NYSE:SOL) - Seeking AlphaOctober 14, 2022 | nasdaq.comPre-market Movers: NTNX, IMRA, MPTI, EVTL, SOL… - NasdaqOctober 13, 2022 | finance.yahoo.comRegistration Details for the 2022 Plug Symposium - Yahoo FinanceSee More Headlines 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 Company Calendar Last Earnings12/01/2022Today2/06/2023Next Earnings (Estimated)3/22/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, 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 Founded2005Price Target and Rating Average Stock Price Forecast$10.17 High Stock Price Forecast$12.00 Low Stock Price Forecast$9.00 Forecasted Upside/Downside+100.1%Consensus RatingBuy Rating Score (0-4)3.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.01) Trailing P/E RatioN/A Forward P/E Ratio56.44 P/E GrowthN/ANet Income$6.86 million Net Margins-0.80% Pretax Margin-0.82% Return on Equity0.35% Return on Assets0.30% Debt Debt-to-Equity Ratio0.05 Current Ratio6.23 Quick Ratio6.23 Sales & Book Value Annual Sales$50.08 million Price / Sales6.11 Cash Flow$0.27 per share Price / Cash Flow19.12 Book Value$6.43 per share Price / Book0.79Miscellaneous Outstanding Shares60,225,000Free Float49,372,000Market Cap$305.94 million OptionableOptionable Beta2.00 Social Links Key ExecutivesYumin LiuChief Executive Officer & DirectorKe ChenChief Financial OfficerStephen HuangSenior Vice PresidentXiao Shu BaiChief Strategy OfficerCharles DingVice President-Global SourcingKey CompetitorsFTC SolarNASDAQ:FTCIMaxeon Solar TechnologiesNASDAQ:MAXNMammoth Energy ServicesNASDAQ:TUSKAmplify EnergyNYSE:AMPYHallador EnergyNASDAQ:HNRGView All CompetitorsInsiders & InstitutionsMonaco Asset Management SAMBought 90,000 shares on 2/3/2023Ownership: 0.149%Simplex Trading LLCBought 2,600 shares on 2/2/2023Ownership: 0.000%Monaco Asset Management SAMBought 90,000 shares on 1/31/2023Ownership: 0.149%Steel Peak Wealth Management LLCBought 50,018 shares on 1/25/2023Ownership: 0.083%Shah Capital ManagementBought 92,090 shares on 12/28/2022Total: $378,489.90 ($4.11/share)View All Insider TransactionsView All Institutional Transactions SOL Stock - Frequently Asked Questions Should I buy or sell ReneSola stock right now? 3 Wall Street equities 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 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? 3 brokers have issued 12-month target prices for ReneSola's shares. Their SOL share price forecasts range from $9.00 to $12.00. On average, they expect the company's share price to reach $10.17 in the next year. This suggests a possible upside of 101.3% 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 2023? ReneSola's stock was trading at $4.52 at the beginning of the year. Since then, SOL stock has increased by 11.7% and is now trading at $5.05. View the best growth stocks for 2023 here. Are investors shorting ReneSola? ReneSola saw a drop in short interest in the month of December. As of December 30th, there was short interest totaling 1,260,000 shares, a drop of 24.6% from the December 15th total of 1,670,000 shares. Based on an average trading volume of 639,500 shares, the short-interest ratio is currently 2.0 days. View ReneSola's Short Interest. When is ReneSola's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023. View our SOL earnings forecast. How were ReneSola's earnings last quarter? ReneSola Ltd (NYSE:SOL) released its earnings results on Thursday, December, 1st. The semiconductor company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.04. The semiconductor company earned $28.89 million during the quarter, compared to analysts' expectations of $22.56 million. ReneSola had a positive trailing twelve-month return on equity of 0.35% and a negative net margin of 0.80%. When did ReneSola's stock split? 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 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 has approved a stock buyback plan on Monday, December 6th 2021, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 12.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board 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 Saturday, December, 31st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $85.00 million-$90.00 million, compared to the consensus revenue estimate of $106.92 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 a variety of institutional and retail investors. Top institutional shareholders include Monaco Asset Management SAM (0.15%), Monaco Asset Management SAM (0.15%), Steel Peak Wealth Management LLC (0.08%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). 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 $5.05. How much money does ReneSola make? ReneSola (NYSE:SOL) has a market capitalization of $304.14 million and generates $50.08 million in revenue each year. The semiconductor company earns $6.86 million in net income (profit) each year or ($0.01) 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: ET Cap PA Holdings LLC (“PA Holdings”) and ET Cap CA Holdings LLC (“CA Holdings”), Nova Development Management, RE PV S.à r.l., RENESOLA SPAIN S.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 Germany GmbH, Renesola Poksla sp. z o.o., Renesola Power Italy, Renesola Power UK LTD, Renesola Szolgáltató és Kivitelező Kft., Renesolapower France, Sichuan Bobo Electric Power Engineering Ltd., and Zhejiang ReneSola Investment Ltd.Read More 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 2/6/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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. 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