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NYSE:SOL

ReneSola - SOL Stock Forecast, Price & News

$6.60
-0.40 (-5.71%)
(As of 08/16/2022 05:26 PM ET)
Add
Compare
Today's Range
$6.58
$7.05
50-Day Range
$4.43
$7.41
52-Week Range
$3.46
$9.72
Volume
840,432 shs
Average Volume
948,647 shs
Market Capitalization
$443.09 million
P/E Ratio
110.00
Dividend Yield
N/A
Price Target
$10.67

ReneSola MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
60.9% Upside
$10.67 Price Target
Short Interest
Healthy
2.07% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.47mentions of ReneSola in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$1.55 M Bought Last Quarter
Proj. Earnings Growth
76.92%
From $0.13 to $0.23 Per Share

Overall MarketRank

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

2.79 out of 5 stars

Oils/Energy Sector

28th out of 257 stocks

Semiconductors & Related Devices Industry

18th out of 100 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.

ReneSola Price Performance

Shares of SOL traded down $0.29 during mid-day trading on Tuesday, reaching $6.71. The stock had a trading volume of 10,869 shares, compared to its average volume of 795,123. The business's fifty day moving average is $5.33 and its 200 day moving average is $5.38. The firm has a market cap of $450.51 million, a price-to-earnings ratio of 111.17 and a beta of 2.21. ReneSola has a 52-week low of $3.46 and a 52-week high of $9.72.

ReneSola (NYSE:SOL - Get Rating) last posted its earnings results on Tuesday, June 7th. The semiconductor company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04. The firm had revenue of $3.51 million during the quarter, compared to analysts' expectations of $3.93 million. ReneSola had a return on equity of 1.67% and a net margin of 7.29%. During the same quarter in the previous year, the business earned $0.05 earnings per share. As a group, sell-side analysts anticipate that ReneSola will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Raymond James dropped their target price on ReneSola from $12.50 to $10.00 and set a "strong-buy" rating on the stock in a report on Tuesday, July 12th. StockNews.com lowered shares of ReneSola from a "hold" rating to a "sell" rating in a report on Friday, June 17th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $10.67.

Insider Transactions at ReneSola

In related news, CFO Shah Capital Management acquired 145,000 shares of the stock in a transaction dated Tuesday, June 21st. The stock was bought at an average cost of $4.63 per share, with a total value of $671,350.00. Following the purchase, the chief financial officer now directly owns 12,164,611 shares of the company's stock, valued at $56,322,148.93. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired 344,206 shares of company stock worth $1,550,638 over the last quarter.

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SOL Stock News Headlines

ReneSola Ltd. ADR
Contrasting ReneSola (NYSE:SOL) and Canadian Solar (NASDAQ:CSIQ)
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SOL Company Calendar

Last Earnings
6/07/2022
Today
8/16/2022
Next Earnings (Estimated)
8/29/2022
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
$10.67
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+61.6%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$6.86 million
Pretax Margin
6.99%

Debt

Sales & Book Value

Annual Sales
$79.66 million
Cash Flow
$0.25 per share
Book Value
$6.43 per share

Miscellaneous

Free Float
N/A
Market Cap
$443.09 million
Optionable
Optionable
Beta
2.21

Social Links


Key Executives

  • Mr. Yumin Liu (Age 59)
    Chief Exec. Officer
  • Mr. Ke Chen (Age 48)
    Chief Financial Officer
  • Ms. Xinhan Li (Age 28)
    VP of Investment & Director
  • 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?

3 Wall Street 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 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 2022?

3 equities research analysts have issued 1-year target prices for ReneSola's shares. Their SOL share price forecasts range from $10.00 to $12.00. On average, they predict the company's share price to reach $10.67 in the next year. This suggests a possible upside of 52.4% 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 at the beginning of the year. Since then, SOL stock has increased by 17.4% and is now trading at $7.00.
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 Monday, August 29th 2022.
View our SOL earnings forecast
.

How were ReneSola's earnings last quarter?

ReneSola Ltd (NYSE:SOL) posted its quarterly earnings results on Tuesday, June, 7th. The semiconductor company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. The semiconductor company earned $3.51 million during the quarter, compared to analysts' expectations of $3.93 million. ReneSola had a trailing twelve-month return on equity of 1.67% and a net margin of 7.29%. During the same quarter in the previous year, the firm earned $0.05 earnings per share.

When did ReneSola's stock split?

Shares of ReneSola 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 announced that its board has authorized a stock repurchase program on Monday, December 6th 2021, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 12.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

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

ReneSola updated its FY 2022 earnings guidance on Tuesday, July, 5th. 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 $111.13 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 retail and institutional investors. Top institutional investors include State Street Corp (5.39%), Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.25%), Harel Insurance Investments & Financial Services Ltd. (0.18%), Credit Suisse AG (0.17%), Renaissance Technologies LLC (0.12%) and UBS Asset Management Americas Inc. (0.08%). Insiders that own company stock include Barlow Todd and Shah Capital Management.
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 $7.00.

How much money does ReneSola make?

ReneSola (NYSE:SOL) has a market capitalization of $469.95 million and generates $79.66 million in revenue each year. The semiconductor company earns $6.86 million in net income (profit) each year or $0.06 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..
Read More
When was ReneSola founded?

ReneSola was founded in 2005.

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 8/16/2022 by MarketBeat.com Staff

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