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CGC   10.94 (+2.82%)
AMD   145.24 (+0.27%)
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MU   86.02 (+0.22%)
T   23.17 (+0.39%)
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NYSE:SOL

ReneSola Stock Forecast, Price & News

$5.85
+0.01 (+0.17%)
(As of 12/8/2021 12:00 AM ET)
Add
Compare
Today's Range
$4.84
$5.88
50-Day Range
$5.23
$9.48
52-Week Range
$4.84
$35.77
Volume
2.92 million shs
Average Volume
2.41 million shs
Market Capitalization
$408.03 million
P/E Ratio
29.25
Dividend Yield
N/A
Beta
2.42
30 days | 90 days | 365 days | Advanced Chart
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ReneSola logo

About ReneSola

ReneSola Ltd. engages in the manufacture of solar wafers and modules. It operates through the following segments: Wafer, Cell and Module, and Solar Power Projects. The Wafer segment includes manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services. The Cell and Module segment involves in the manufacture and sale of PV cells and modules. The Solar Power Projects segment offers solar power project development, EPC services, and electricity. The company was founded on March 17, 2006 and is headquartered in Putuo District, China.

Headlines

Recap: ReneSola Q3 Earnings - Benzinga
December 8, 2021 |  benzinga.com
See More Headlines

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
2,020
Year Founded
N/A

Sales & Book Value

Annual Sales
$73.92 million
Cash Flow
$0.16 per share
Book Value
$2.63 per share

Profitability

Net Income
$2.78 million
Pretax Margin
17.77%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$408.03 million
Optionable
Optionable

Company Calendar

Last Earnings
12/07/2021
Today
12/08/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
3/25/2022

MarketRank

Overall MarketRank

2.02 out of 5 stars

Oils/Energy Sector

151st out of 358 stocks

Semiconductors & Related Devices Industry

61st out of 119 stocks

Analyst Opinion: 3.4Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -












ReneSola (NYSE:SOL) Frequently Asked Questions

Is ReneSola a buy right now?

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

How has ReneSola's stock price been impacted by Coronavirus (COVID-19)?

ReneSola's stock was trading at $1.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SOL shares have increased by 427.0% and is now trading at $5.85.
View which stocks have been most impacted by COVID-19
.

Are investors shorting ReneSola?

ReneSola saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 1,420,000 shares, a decline of 24.1% from the October 31st total of 1,870,000 shares. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is currently 1.0 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) announced its quarterly earnings data on Tuesday, December, 7th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.03. ReneSola had a net margin of 18.11% and a trailing twelve-month return on equity of 4.09%. During the same quarter in the prior year, the company earned $0.05 EPS.
View ReneSola's earnings history
.

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

ReneSola shares 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 declared that its board has approved a share repurchase plan on Monday, December 6th 2021, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 12.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are 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 earnings per share 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 analysts have issued 12 month target prices for ReneSola's shares. Their forecasts range from $7.70 to $15.00. On average, they expect ReneSola's share price to reach $11.73 in the next year. This suggests a possible upside of 100.6% 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.

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."

Who are ReneSola's major shareholders?

ReneSola's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Invesco Ltd. (10.68%), MARSHALL WACE ASIA Ltd (0.95%), Millennium Management LLC (0.55%), BlackRock Inc. (0.49%), Morgan Stanley (0.29%) and GSA Capital Partners LLP (0.25%).
View institutional ownership trends for ReneSola
.

Which institutional investors are selling ReneSola stock?

SOL stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Invesco Ltd., Jane Street Group LLC, Morgan Stanley, Citadel Advisors LLC, Two Sigma Investments LP, Wolverine Trading LLC, and Squarepoint Ops LLC.
View insider buying and selling activity for ReneSola
or view top insider-selling stocks.

Which institutional investors are buying ReneSola stock?

SOL stock was purchased by a variety of institutional investors in the last quarter, including MARSHALL WACE ASIA Ltd, Marshall Wace LLP, GSA Capital Partners LLP, Dynamic Technology Lab Private Ltd, Advisor Group Holdings Inc., Schonfeld Strategic Advisors LLC, BlackRock Inc., and Vident Investment Advisory LLC.
View insider buying and selling activity for ReneSola
or or view top insider-buying stocks.

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.
Compare Top Brokerages Here.

What is ReneSola's stock price today?

One share of SOL stock can currently be purchased for approximately $5.85.

How much money does ReneSola make?

ReneSola has a market capitalization of $408.03 million and generates $73.92 million in revenue each year. The semiconductor company earns $2.78 million in net income (profit) each year or $0.20 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.


This page was last updated on 12/8/2021 by MarketBeat.com Staff

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