ReneSola Ltd is a holding company. The Company is a brand and technology provider of energy-efficient products based in China. The Company's segments include wafer sales, cell and module sales, and solar power projects. The wafer sales segment involves the manufacture and sales of monocrystalline and processing services. The cell and module sales segment involves the manufacture and sales of solar cells and modules. The solar power projects segment involves sales of solar power projects and electricity generation revenue of certain project assets it owns and operates. The Company provides its customers with solar power products and processing services. It provides solar power products to a network of suppliers and customers, which includes manufacturers of solar cells and modules and distributors, installers and end users of solar modules.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Renewable Energy Equipment & Services
- Sub-Industry: N/A
- Symbol: NYSE:SOL
- CUSIP: N/A
- Web: www.renesola.com
Capitalization:- Market Cap: $44.52 million
- Outstanding Shares: 20,053,000
Average Prices:- 50 Day Moving Avg: $2.48
- 200 Day Moving Avg: $2.51
- 52 Week Range: $0.59 - $3.38
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -1.45
- P/E Growth: -0.06
Sales & Book Value:- Annual Revenue: $825.75 million
- Price / Sales: 0.05
- Book Value: $2.09 per share
- Price / Book: 1.06
Profitability:- EBIDTA: $41.45 million
- Net Margins: -7.71%
- Return on Equity: -81.60%
- Return on Assets: -5.36%
Debt:- Debt-to-Equity Ratio: 0.74%
- Current Ratio: 0.56%
- Quick Ratio: 0.40%
Misc:- Average Volume: 39,061 shs.
- Beta: 2.23
- Short Ratio: 6
Frequently Asked Questions for Renesola (NYSE:SOL)
What is Renesola's stock symbol?
Renesola trades on the New York Stock Exchange (NYSE) under the ticker symbol "SOL."
When did Renesola's stock split? How did Renesola's stock split work?
Renesola's stock 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 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.
How were Renesola's earnings last quarter?
Renesola Ltd. (NYSE:SOL) issued its earnings results on Thursday, June, 15th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.08) by $0.08. The business earned $156.68 million during the quarter, compared to analysts' expectations of $143.76 million. Renesola had a negative net margin of 7.71% and a negative return on equity of 81.60%. Renesola's revenue for the quarter was down 39.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. View Renesola's Earnings History.
When will Renesola make its next earnings announcement?
Where is Renesola's stock going? Where will Renesola's stock price be in 2017?
2 brokers have issued twelve-month price objectives for Renesola's stock. Their predictions range from $2.00 to $4.00. On average, they anticipate Renesola's share price to reach $3.00 in the next year. View Analyst Ratings for Renesola.
Who are some of Renesola's key competitors?
Some companies that are related to Renesola include Lonestar Resources US (LONE), SandRidge Mississippian Trust II (SDR), MV Oil Trust (MVO), Pacific Coast Oil Trust (ROYT), VOC Energy Trust (VOC), Sundance Energy Australia (SNDE), Cobalt International Energy (CIE), Vaalco Energy (EGY), Yingli Green Energy Holding Company Limited (YGE), Westmoreland Coal Company (WLB), Petroquest Energy (PQ), IRIS International (IRIS), ECA Marcellus Trust I (ECT), SandRidge Mississippian Trust I (SDT), Sunworks (SUNW), EXCO Resources NL (XCO), North Atlantic Drilling (NADL) and SAExploration Holdings (SAEX).
Who are Renesola's key executives?
Renesola's management team includes the folowing people:
- Martin Bloom, Independent Chairman of the Board
- Xianshou Li, Chief Executive Officer, Director
- Maggie Ma, Chief Financial Officer
- Kevin Chen, President, America Region
- Xiaoliang Liang, President, China Region
- Jijun Shi, President, European Region
- Stephen Huang, Senior Vice President, President, Asia-Pacific Region
- Wei Fang, Vice President - Group Financial Control
- Xiahe Lian, Vice President - Administration and Human Resources
- Jun Tang, Vice President and General Manager - Wafer division
Who owns Renesola stock?
Renesola's stock is owned by many different of retail and institutional investors. Top institutional investors include
SHAH CAPITAL MANAGEMENT
(11.80%), Shah Capital Management (10.74%) and Edmond DE Rothschild Holding S.A. (0.36%). View Institutional Ownership Trends for Renesola.
Who bought Renesola stock? Who is buying Renesola stock?
How do I buy Renesola stock?
Shares of Renesola can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Renesola's stock price today?
One share of Renesola stock can currently be purchased for approximately $2.22.
MarketBeat Community Rating for Renesola (NYSE SOL)MarketBeat's community ratings are surveys of what our community members think about Renesola and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Renesola (NYSE:SOL) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 1 Hold Rating |
| Consensus Rating: | Hold (Score: 1.50) |
| Consensus Price Target: | $3.00 (35.14% upside) |
Analysts' Ratings History for Renesola (NYSE:SOL)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/17/2017 | Roth Capital | Set Price Target | Sell | $2.00 | Medium |  |
| 3/29/2017 | Credit Suisse Group | Upgrade | Underperform -> Neutral | $5.00 -> $4.00 | Medium | |
(Data available from 9/23/2015 forward)
Earnings History for Renesola (NYSE:SOL)Earnings History by Quarter for Renesola (NYSE SOL)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 9/27/2017 | | | | | | | | |
| 6/15/2017 | Q1 17 | ($1.08) | ($1.16) | $143.76 million | $156.68 million | View | N/A | |
| 3/28/2017 | 12/31/2016 | ($0.84) | ($1.26) | $218.42 million | $232.00 million | View | N/A | |
| 11/29/2016 | Q316 | ($0.17) | ($0.20) | $200.90 million | $1.87 billion | View | Listen | |
| 8/24/2016 | Q216 | $0.04 | $0.05 | $284.39 million | $250.00 million | View | Listen | |
| 5/23/2016 | Q116 | ($0.04) | $0.06 | $256.05 million | $260.70 million | View | Listen | |
| 3/8/2016 | Q415 | ($0.02) | $0.07 | $283.67 million | $296.40 million | View | Listen | |
| 11/17/2015 | Q315 | ($0.02) | $0.08 | $340.02 million | $368.20 million | View | Listen | |
| 8/25/2015 | Q2 | ($0.11) | ($0.02) | $283.03 million | $268.40 million | View | Listen | |
| 6/2/2015 | Q115 | ($0.04) | ($0.09) | $362.10 million | $349.00 million | View | Listen | |
| 3/4/2015 | Q414 | ($0.13) | ($0.08) | $355.08 million | $387.00 million | View | Listen | |
| 11/26/2014 | Q3 | $0.05 | ($0.12) | $428.80 million | $372.46 million | View | Listen | |
| 8/12/2014 | Q2 | ($0.10) | $0.01 | $401.43 million | $387.10 million | View | Listen | |
| 5/29/2014 | Q114 | ($0.08) | ($0.14) | $425.54 million | $415.00 million | View | Listen | |
| 3/24/2014 | Q413 | ($0.14) | $0.01 | $381.40 million | $438.80 million | View | Listen | |
| 12/5/2013 | Q3 | ($0.22) | ($2.23) | $359.91 million | $419.30 million | View | Listen | |
| 8/30/2013 | Q2 2013 | ($0.30) | ($0.24) | $367.73 million | $377.40 million | View | Listen | |
| 5/16/2013 | Q1 2013 | ($0.28) | ($0.45) | $264.20 million | $284.20 million | View | Listen | |
| 3/14/2013 | Q4 2012 | ($0.37) | ($0.58) | $253.50 million | $306.50 million | View | Listen | |
| 11/30/2012 | -0.91 | | ($0.91) | | $218.20 million | View | Listen | |
| 8/24/2012 | Q212 | ($0.34) | ($0.40) | $219.21 million | $233.00 million | View | N/A | |
| 3/16/2012 | | ($0.32) | ($0.43) | | | View | N/A | |
| 11/23/2011 | | ($0.16) | ($0.09) | | | View | N/A | |
| 8/9/2011 | | $0.16 | $0.02 | | | View | N/A | |
| 4/28/2011 | | $0.58 | $0.50 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Renesola (NYSE:SOL)2017 EPS Consensus Estimate: ($2.14)
2018 EPS Consensus Estimate: ($1.80)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | ($1.29) | ($1.29) | ($1.29) |
| Q2 2017 | 1 | ($0.43) | ($0.43) | ($0.43) |
| Q3 2017 | 1 | ($0.37) | ($0.37) | ($0.37) |
| Q4 2017 | 1 | ($0.05) | ($0.05) | ($0.05) |
| Q1 2018 | 1 | ($0.80) | ($0.80) | ($0.80) |
| Q2 2018 | 1 | ($0.25) | ($0.25) | ($0.25) |
| Q3 2018 | 1 | ($0.18) | ($0.18) | ($0.18) |
| Q4 2018 | 1 | ($0.57) | ($0.57) | ($0.57) |
(Data provided by Zacks Investment Research)
Dividend History for Renesola (NYSE:SOL)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Renesola (NYSE:SOL)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Renesola (NYSE:SOL)
Latest Headlines for Renesola (NYSE:SOL)
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Renesola (SOL) Chart for Saturday, September, 23, 2017
