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 drop in short interest in July. As of July 30th, there was short interest totaling 1,440,000 shares, a drop of 20.4% from the July 15th total of 1,810,000 shares. Based on an average trading volume of 1,930,000 shares, the days-to-cover ratio is currently 0.7 days.
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ReneSola is scheduled to release its next quarterly earnings announcement on Tuesday, December 7th 2021.
View our earnings forecast for ReneSola.

ReneSola Ltd (NYSE:SOL) issued its quarterly earnings data on Sunday, August, 29th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. The semiconductor company had revenue of $18.53 million for the quarter, compared to the consensus estimate of $20.63 million. ReneSola had a trailing twelve-month return on equity of 4.09% and a net margin of 18.11%. During the same quarter last year, the company posted $0.06 earnings per share.
View ReneSola's earnings history.

ReneSola's stock was trading at $1.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SOL stock has increased by 573.9% and is now trading at $7.48.
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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 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.

ReneSola updated its FY 2021 earnings guidance on Monday, September, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $90 million-$100 million, compared to the consensus revenue estimate of $97.49 million.

4 equities research analysts have issued 12-month price targets for ReneSola's stock. Their forecasts range from $7.70 to $15.00. On average, they anticipate ReneSola's stock price to reach $12.40 in the next year. This suggests a possible upside of 65.8% 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 Ultra Clean (UCTT), Xperi (XPER), Himax Technologies (HIMX), OSI Systems (OSIS), Meta Materials (MMAT), ChipMOS TECHNOLOGIES (IMOS), indie Semiconductor (INDI), Canaan (CAN), Ichor (ICHR), nLIGHT (LASR), SkyWater Technology (SKYT), SMART Global (SGH), Rockley Photonics (RKLY), Netlist (NLST) and Photronics (PLAB).
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 a variety of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (11.02%), State Street Corp (2.34%), Millennium Management LLC (1.53%), JPMorgan Chase & Co. (0.77%), Susquehanna International Group LLP (0.00%) and First Trust Advisors LP (0.51%). 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 State Street Corp, Susquehanna International Group LLP, Harel Insurance Investments & Financial Services Ltd., Citadel Advisors LLC, Wolverine Trading LLC, Cutler Group LP, HAP Trading LLC, and Insight Advisors LLC PA.
View insider buying and selling activity for ReneSola or view top insider-selling stocks.

SOL stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Millennium Management LLC, MARSHALL WACE ASIA Ltd, BlackRock Inc., Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., and First Trust Advisors LP. Company insiders that have bought ReneSola stock in the last two years include Barlow Todd, and Shah Capital Management.
View insider buying and selling activity for ReneSola or or view top insider-buying 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 $7.48.

ReneSola has a market capitalization of $521.72 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 8657362809180 or via email at [email protected]