ReneSola - SOL Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ReneSola in the last year. 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 1-year price objectives for ReneSola's shares. Their SOL share price forecasts range from $10.00 to $12.00. On average, they predict the company's stock price to reach $10.67 in the next year. This suggests a possible upside of 52.4% from the stock's current price.
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ReneSola's stock was trading at $5.96 on January 1st, 2022. Since then, SOL stock has increased by 17.4% and is now trading at $7.00.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 29th 2022.
View our SOL earnings forecast.

ReneSola Ltd (NYSE:SOL) released its quarterly earnings results on Tuesday, June, 7th. The semiconductor company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. The semiconductor company earned $3.51 million during the quarter, compared to analysts' expectations of $3.93 million. ReneSola had a net margin of 7.29% and a trailing twelve-month return on equity of 1.67%. During the same period in the previous year, the firm posted $0.05 earnings per share.

Shares of ReneSola reverse split before market open 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 stock prior to the reverse split would have 20 shares after the split.

ReneSola declared that its board has approved a stock repurchase program 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 buy up to 12.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

ReneSola updated its FY 2022 earnings guidance on Tuesday, July, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $100.00 million-$120.00 million, compared to the consensus revenue estimate of $111.13 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 number of institutional and retail investors. Top institutional shareholders include Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.25%), Harel Insurance Investments & Financial Services Ltd. (0.18%), Credit Suisse AG (0.17%), Renaissance Technologies LLC (0.12%), UBS Asset Management Americas Inc. (0.08%) and Group One Trading L.P. (0.00%). Insiders that own company stock include Barlow Todd and Shah Capital Management.
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 $7.00.

ReneSola (NYSE:SOL) has a market capitalization of $469.95 million and generates $79.66 million in revenue each year. The semiconductor company earns $6.86 million in net income (profit) each year or $0.06 on an earnings per share basis.

The company employs 147 workers across the globe.

ReneSola was founded in 2005.

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.