ReneSola - SOL Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
View our SOL earnings forecast.

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%.

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.

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.

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.

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.

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).

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

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.

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.
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One share of SOL stock can currently be purchased for approximately $5.05.

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.

The company employs 147 workers across the globe.

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.