ReneSola Stock Forecast, Price & News

ReneSola (NYSE:SOL) Frequently Asked Questions

Is ReneSola a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ReneSola in the last twelve months. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ReneSola stock.
View analyst ratings for ReneSola or view top-rated stocks.

How has ReneSola's stock been impacted by COVID-19?

ReneSola's stock was trading at $1.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SOL stock has increased by 468.5% and is now trading at $6.31.
View which stocks have been most impacted by COVID-19.

Are investors shorting ReneSola?

ReneSola saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,900,000 shares, an increase of 37.7% from the December 15th total of 1,380,000 shares. Based on an average daily trading volume, of 1,800,000 shares, the days-to-cover ratio is presently 1.1 days.
View ReneSola's Short Interest.

When is ReneSola's next earnings date?

ReneSola is scheduled to release its next quarterly earnings announcement on Friday, March 25th 2022.
View our earnings forecast for ReneSola.

How were ReneSola's earnings last quarter?

ReneSola Ltd (NYSE:SOL) issued its earnings results on Tuesday, December, 7th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.03. The semiconductor company had revenue of $15.54 million for the quarter, compared to analysts' expectations of $20.22 million. ReneSola had a trailing twelve-month return on equity of 2.94% and a net margin of 14.79%. During the same period last year, the firm earned $0.05 EPS.
View ReneSola's earnings history.

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

Shares of ReneSola 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 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.

How will ReneSola's stock buyback program work?

ReneSola announced that its board has approved a stock repurchase program on Monday, December 6th 2021, which authorizes the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 12.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

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

ReneSola issued an update on its FY 2021 earnings guidance on Tuesday, December, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $77 million-$83 million, compared to the consensus revenue estimate of $91.92 million.

What price target have analysts set for SOL?

4 Wall Street analysts have issued twelve-month price targets for ReneSola's stock. Their forecasts range from $10.00 to $15.00. On average, they anticipate ReneSola's share price to reach $12.50 in the next year. This suggests a possible upside of 98.1% 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?

Some companies that are related to ReneSola include Canadian Solar (CSIQ), SMART Global (SGH), OSI Systems (OSIS), Netlist (NLST), Ichor (ICHR), Alpha and Omega Semiconductor (AOSL), Navitas Semiconductor (NVTS), ChipMOS TECHNOLOGIES (IMOS), indie Semiconductor (INDI), Photronics (PLAB), nLIGHT (LASR), Magnachip Semiconductor (MX), Canaan (CAN), NeoPhotonics (NPTN) and Meta Materials (MMAT).
View all of SOL's 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."

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.
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What is ReneSola's stock price today?

One share of SOL stock can currently be purchased for approximately $6.31.

How much money does ReneSola make?

ReneSola has a market capitalization of $440.11 million and generates $73.92 million in revenue each year. The semiconductor company earns $2.78 million in net income (profit) each year or $0.17 on an earnings per share basis.

How many employees does ReneSola have?

ReneSola employs 2,020 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, via email at [email protected], or via fax at 347-577-9985.