NYSE:SOL

ReneSola Stock Forecast, Price & News

$7.48
+0.60 (+8.72 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$6.92
$7.49
50-Day Range
$6.17
$8.24
52-Week Range
$1.95
$35.77
Volume2.24 million shs
Average Volume2.64 million shs
Market Capitalization$521.72 million
P/E Ratio37.40
Dividend YieldN/A
Beta2.28
30 days | 90 days | 365 days | Advanced Chart
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About ReneSola

ReneSola Ltd. engages in the manufacture of solar wafers and modules. It operates through the following segments: Wafer, Cell and Module, and Solar Power Projects. The Wafer segment includes manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services. The Cell and Module segment involves in the manufacture and sale of PV cells and modules. The Solar Power Projects segment offers solar power project development, EPC services, and electricity. The company was founded on March 17, 2006 and is headquartered in Putuo District, China.

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MarketRank

Overall MarketRank

2.02 out of 5 stars

Oils/Energy Sector

128th out of 346 stocks

Semiconductors & Related Devices Industry

59th out of 116 stocks

Analyst Opinion: 3.4Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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ReneSola (NYSE:SOL) Frequently Asked Questions

Is ReneSola a buy right now?

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.
View analyst ratings for ReneSola
or view top-rated stocks.

What stocks does MarketBeat like better than ReneSola?

Wall Street analysts have given ReneSola a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but ReneSola wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting ReneSola?

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.
View ReneSola's Short Interest
.

When is ReneSola's next earnings date?

ReneSola is scheduled to release its next quarterly earnings announcement on Tuesday, December 7th 2021.
View our earnings forecast for ReneSola
.

How were ReneSola's earnings last quarter?

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
.

How has ReneSola's stock been impacted by Coronavirus?

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.
View which stocks have been most impacted by COVID-19
.

When did ReneSola's stock split? How did ReneSola's stock split work?

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.

What guidance has ReneSola issued on next quarter's earnings?

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.

What price target have analysts set for SOL?

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.
View analysts' price targets for ReneSola
or view top-rated stocks among Wall Street analysts.

Who are ReneSola's key executives?

ReneSola's management team includes the following people:
  • Yumin Liu, Chief Executive Officer
  • Ke Chen, Chief Financial Officer & Director
  • Stephen Huang, Senior Vice President
  • Xiao Shu Bai, Chief Strategy Officer
  • Charles Ding, Vice President-Global Sourcing

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

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.

Who are some of ReneSola's key competitors?

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 (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 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
.

Which major investors are selling ReneSola stock?

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.

Which major investors are buying ReneSola stock?

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.

How do I buy shares of ReneSola?

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.
Compare Top Brokerages Here.

What is ReneSola's stock price today?

One share of SOL stock can currently be purchased for approximately $7.48.

How much money does ReneSola make?

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.

How many employees does ReneSola have?

ReneSola employs 147 workers across the globe.

What is ReneSola's official website?

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

Where are ReneSola's headquarters?

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

How can I contact ReneSola?

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]


This page was last updated on 9/17/2021 by MarketBeat.com Staff
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