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T   19.58 (-1.26%)
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NYSE:SOL

ReneSola - SOL Stock Forecast, Price & News

$5.08
-0.09 (-1.74%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$5.01
$5.17
50-Day Range
$4.17
$5.45
52-Week Range
$3.46
$8.43
Volume
323,054 shs
Average Volume
425,464 shs
Market Capitalization
$305.94 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.17

ReneSola MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
100.1% Upside
$10.17 Price Target
Short Interest
Healthy
1.76% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.43mentions of ReneSola in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$378,490 Bought Last Quarter
Proj. Earnings Growth
266.67%
From $0.09 to $0.33 Per Share

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 stars

Oils/Energy Sector

25th out of 237 stocks

Semiconductors & Related Devices Industry

5th out of 89 stocks

SOL stock logo

About ReneSola (NYSE:SOL) Stock

ReneSola 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.

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SOL Stock News Headlines

What Makes ReneSola (SOL) a New Strong Buy Stock
Emeren Announces Appointment of Marcum Asia as Auditor
New "Vertical" Technology Solves Solar Power's Major Flaw
Even 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.
Forget Bargain Hunting, Buy 5 Stocks With Rising P/E
Returns Are Gaining Momentum At ReneSola (NYSE:SOL)
"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."
Solar Losers: ReneSola
ReneSola Ltd (NYSE:SOL) Q3 2022 Earnings Call Transcript
ReneSola Third Quarter 2022 Earnings: Beats Expectations
Renesola - ADR
See More Headlines
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SOL Company Calendar

Last Earnings
12/01/2022
Today
2/06/2023
Next Earnings (Estimated)
3/22/2023
Fiscal Year End
12/31/2023

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
$10.17
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+100.1%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$6.86 million
Pretax Margin
-0.82%

Debt

Sales & Book Value

Annual Sales
$50.08 million
Cash Flow
$0.27 per share
Book Value
$6.43 per share

Miscellaneous

Free Float
49,372,000
Market Cap
$305.94 million
Optionable
Optionable
Beta
2.00

Social Links


Key Executives

  • Yumin Liu
    Chief Executive Officer & Director
  • Ke Chen
    Chief Financial Officer
  • Stephen Huang
    Senior Vice President
  • Xiao Shu Bai
    Chief Strategy Officer
  • Charles Ding
    Vice President-Global Sourcing













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.
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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