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Closing prices for crude oil, gold and other commodities
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S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The Day of Financial Reckoning Is Near (Ad)
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The Day of Financial Reckoning Is Near (Ad)
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The Day of Financial Reckoning Is Near (Ad)
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
NYSE:SOL

ReneSola - SOL Stock Forecast, Price & News

$6.43
-0.36 (-5.30%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$6.40
$6.64
50-Day Range
$4.43
$7.41
52-Week Range
$3.46
$9.72
Volume
452,662 shs
Average Volume
940,663 shs
Market Capitalization
$431.68 million
P/E Ratio
107.17
Dividend Yield
N/A
Price Target
$10.67

ReneSola MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
65.9% Upside
$10.67 Price Target
Short Interest
Healthy
2.07% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$1.55 M Bought Last Quarter
Proj. Earnings Growth
76.92%
From $0.13 to $0.23 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Oils/Energy Sector

24th out of 251 stocks

Semiconductors & Related Devices Industry

20th out of 94 stocks

SOL stock logo

About ReneSola (NYSE:SOL) Stock

ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States, Canada, Europe, and internationally. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells project rights. In addition, its engineering, procurement, and construction business provides engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2021, it operated approximately 100 solar power projects with an aggregate capacity of 180 megawatts. ReneSola Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.

ReneSola Stock Performance

Shares of NYSE:SOL traded down $0.36 during trading on Friday, reaching $6.43. The stock had a trading volume of 452,662 shares, compared to its average volume of 940,663. ReneSola has a fifty-two week low of $3.46 and a fifty-two week high of $9.72. The business's 50-day moving average price is $5.46 and its 200-day moving average price is $5.42. The company has a market cap of $431.68 million, a P/E ratio of 107.17 and a beta of 2.21.

ReneSola (NYSE:SOL - Get Rating) last released its earnings results on Tuesday, June 7th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.04. The firm had revenue of $3.51 million during the quarter, compared to analyst estimates of $3.93 million. ReneSola had a return on equity of 1.67% and a net margin of 7.29%. During the same period last year, the business posted $0.05 earnings per share. Analysts forecast that ReneSola will post 0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SOL has been the subject of a number of research reports. Raymond James dropped their price objective on ReneSola from $12.50 to $10.00 and set a "strong-buy" rating for the company in a research note on Tuesday, July 12th. StockNews.com cut ReneSola from a "hold" rating to a "sell" rating in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.67.

Insider Activity at ReneSola

In related news, CFO Shah Capital Management bought 145,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 21st. The stock was purchased at an average cost of $4.63 per share, for a total transaction of $671,350.00. Following the completion of the acquisition, the chief financial officer now owns 12,164,611 shares in the company, valued at approximately $56,322,148.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders purchased 344,206 shares of company stock worth $1,550,638.

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SOL Stock News Headlines

ReneSola Ltd. ADR
Contrasting ReneSola (NYSE:SOL) and Canadian Solar (NASDAQ:CSIQ)
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SOL Company Calendar

Last Earnings
6/07/2022
Today
8/19/2022
Next Earnings (Confirmed)
9/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
147
Year Founded
2005

Price Target and Rating

Average Stock Price Forecast
$10.67
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+65.9%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$6.86 million
Pretax Margin
6.99%

Debt

Sales & Book Value

Annual Sales
$79.66 million
Cash Flow
$0.27 per share
Book Value
$6.43 per share

Miscellaneous

Free Float
N/A
Market Cap
$431.68 million
Optionable
Optionable
Beta
2.21

Social Links


Key Executives

  • Mr. Yumin Liu (Age 59)
    Chief Exec. Officer
  • Mr. Ke Chen (Age 48)
    Chief Financial Officer
  • Ms. Xinhan Li (Age 28)
    VP of Investment & Director
  • Mr. John Ewen (Age 52)
    Chief Exec. Officer of North America
  • Mr. Johnny Pan
    Investor Relations
  • Mr. Josef Kastner (Age 58)
    Chief Exec. Officer of European Projects
  • Ms. Rebecca Shen
    Investor Relations Contact
  • Ms. Ella Li
    Investor Relations













SOL Stock - Frequently Asked Questions

Should I buy or sell ReneSola stock right now?

3 Wall Street 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 analysts is that investors should "buy" SOL shares.
View SOL analyst ratings
or view top-rated stocks.

What is ReneSola's stock price forecast for 2022?

3 Wall Street analysts have issued 1-year target prices for ReneSola's shares. Their SOL share price forecasts range from $10.00 to $12.00. On average, they anticipate the company's share price to reach $10.67 in the next twelve months. This suggests a possible upside of 65.9% from the stock's current price.
View analysts price targets for SOL
or view top-rated stocks among Wall Street analysts.

How have SOL shares performed in 2022?

ReneSola's stock was trading at $5.96 at the beginning of the year. Since then, SOL stock has increased by 7.9% and is now trading at $6.43.
View the best growth stocks for 2022 here
.

When is ReneSola's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
View our SOL earnings forecast
.

How can I listen to ReneSola's earnings call?

ReneSola will be holding an earnings conference call on Wednesday, September 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were ReneSola's earnings last quarter?

ReneSola Ltd (NYSE:SOL) posted its earnings results on Tuesday, June, 7th. The semiconductor company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.04. The semiconductor company earned $3.51 million during the quarter, compared to analyst estimates 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 last year, the company posted $0.05 EPS.

When did ReneSola's stock split?

ReneSola's stock 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.

How will ReneSola's stock buyback program work?

ReneSola announced that its Board of Directors has initiated a stock buyback plan on Monday, December 6th 2021, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 12.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

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

ReneSola issued an update on its FY 2022 earnings guidance on Tuesday, July, 5th. The company provided earnings per share (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.

What is Xian Shou Li's approval rating as ReneSola's CEO?

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.

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 Oyj (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 retail and institutional investors. Top institutional shareholders include State Street Corp (5.39%), 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%) and UBS Asset Management Americas Inc. (0.08%). Insiders that own company stock include Barlow Todd and Shah Capital Management.
View institutional ownership trends
.

How do I buy shares of ReneSola?

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.
Compare Top Brokerages Here.

What is ReneSola's stock price today?

One share of SOL stock can currently be purchased for approximately $6.43.

How much money does ReneSola make?

ReneSola (NYSE:SOL) has a market capitalization of $431.68 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.

How many employees does ReneSola have?

The company employs 147 workers across the globe.

Does ReneSola have any subsidiaries?
The following companies are subsidiares of ReneSola: ECOSFER ENERGY S.R.L., Edison Oakapple Ltd, LUCAS EST S.R.L, ReneSola Consulting (Shanghai) Co. Ltd, ReneSola Investment Management Ltd., ReneSola New Energy S.à r.l., ReneSola Power Canada, ReneSola Power Holdings LLC., Renesola (Zhejiang) PV Power Co. Ltd., Renesola Poksla sp. z o.o., Renesola Szolgáltató és Kivitelező Kft., Sichuan Bobo Electric Power Engineering Ltd., and Zhejiang ReneSola Investment Ltd..
Read More
When was ReneSola founded?

ReneSola was founded in 2005.

How can I contact ReneSola?

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.

This page (NYSE:SOL) was last updated on 8/20/2022 by MarketBeat.com Staff

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