NYSE:SOL - ReneSola Stock Price, Forecast & News

ReneSola trades on the New York Stock Exchange (NYSE) under the ticker symbol "SOL."

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 ReneSola stock prior to the reverse split would have 20 shares after the split.

ReneSola Ltd. (NYSE:SOL) announced its quarterly earnings results on Monday, November, 25th. The semiconductor company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The semiconductor company earned $65.96 million during the quarter. ReneSola had a negative net margin of 2.42% and a positive return on equity of 1.70%. During the same quarter in the prior year, the firm posted $0.04 earnings per share. View ReneSola's Earnings History.

ReneSola is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for ReneSola.

ReneSola updated its FY 2019 Pre-Market earnings guidance on Thursday, January, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $115-120 million, compared to the consensus revenue estimate of $137.3 million.

2 Wall Street analysts have issued twelve-month price objectives for ReneSola's shares. Their forecasts range from $22.00 to $22.00. On average, they anticipate ReneSola's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 1,366.7% from the stock's current price. View Analyst Price Targets for ReneSola.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ReneSola in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for ReneSola.

Media coverage about SOL stock has been trending extremely negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ReneSola earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for ReneSola.

ReneSola saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 41,100 shares, a drop of 37.9% from the January 15th total of 66,200 shares. Based on an average daily volume of 46,600 shares, the short-interest ratio is currently 0.9 days. Currently, 0.1% of the company's stock are sold short. View ReneSola's Current Options Chain.

Some companies that are related to ReneSola include Adesto Technologies (IOTS), Pixelworks (PXLW), GSI Technology (GSIT), AXT (AXTI), Sequans Communications (SQNS), EMCORE (EMKR), POET Technologies (POETF), Atomera (ATOM), Everspin Technologies (MRAM), Intermolecular (IMI), Resonant (RESN), Netlist (NLST), Envision Solar International (EVSI), QuickLogic (QUIK) and O2Micro International (OIIM).

Based on aggregate information from My MarketBeat watchlists, some companies that other ReneSola investors own include SunPower (SPWR), Nokia Oyj (NOK), FuelCell Energy (FCEL), Onconova Therapeutics (ONTX), Canadian Solar (CSIQ), First Solar (FSLR), Yelp (YELP), Co-Diagnostics (CODX), Plug Power (PLUG) and SeaChange International (SEAC).

ReneSola's stock is owned by a number of of retail and institutional investors. Top institutional investors include KBC Group NV (0.07%). Company insiders that own ReneSola stock include Barlow Todd and Shah Capital Management. View Institutional Ownership Trends for ReneSola.

SOL stock was bought by a variety of institutional investors in the last quarter, including KBC Group NV. Company insiders that have bought ReneSola stock in the last two years include Barlow Todd and Shah Capital Management. View Insider Buying and Selling for ReneSola.

Shares of SOL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SOL stock can currently be purchased for approximately $1.50.

ReneSola has a market capitalization of $57.14 million and generates $80.50 million in revenue each year. The semiconductor company earns $1.76 million in net income (profit) each year or $0.01 on an earnings per share basis. ReneSola employs 222 workers across the globe.View Additional Information About ReneSola.

The official website for ReneSola is http://www.renesolapower.com/.

ReneSola's mailing address is 7/F BLOCK B FUTURE LAND HOLDINGS TOWER NO. 5 LANE 388 ZHONGJIANG ROAD PUTUO DISTRICT, SHANGHAI F4, 200062. The semiconductor company can be reached via phone at 86-21-6280-9180 or via email at [email protected]