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NYSE:SOL

ReneSola Stock Forecast, Price & News

$7.48
+1.86 (+33.10 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$5.79
Now: $7.48
$8.39
50-Day Range
$3.02
MA: $4.01
$5.62
52-Week Range
$0.85
Now: $7.48
$8.39
Volume11.02 million shs
Average Volume698,618 shs
Market Capitalization$284.91 million
P/E RatioN/A
Dividend YieldN/A
Beta1.57
ReneSola Ltd., through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes 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 February 28, 2019, it operated approximately 100 solar power projects with an aggregate capacity of 232 MW. ReneSola Ltd. has operations in the United States and Europe. The company was founded in 2005 and is headquartered in Stamford, Connecticut.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 1.5Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.02 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
CUSIPN/A
Phone347-577-9055
Employees159

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$119.12 million
Cash Flow$1.11 per share
Book Value$3.61 per share

Profitability

Net Income$-8,830,000.00

Miscellaneous

Market Cap$284.91 million
Next Earnings Date12/1/2020 (Confirmed)
OptionableOptionable
$7.48
+1.86 (+33.10 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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ReneSola (NYSE:SOL) Frequently Asked Questions

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

ReneSola's stock was trading at $1.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SOL stock has increased by 573.9% and is now trading at $7.48.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of ReneSola?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ReneSola in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for ReneSola
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than ReneSola?

Wall Street analysts have given ReneSola a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but ReneSola wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is ReneSola's next earnings date?

ReneSola is scheduled to release its next quarterly earnings announcement on Tuesday, December 1st 2020.
View our earnings forecast for ReneSola
.

How can I listen to ReneSola's earnings call?

ReneSola will be holding an earnings conference call on Tuesday, December 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were ReneSola's earnings last quarter?

ReneSola Ltd (NYSE:SOL) announced its earnings results on Thursday, August, 27th. The semiconductor company reported $0.06 EPS for the quarter. The semiconductor company had revenue of $26.19 million for the quarter, compared to analysts' expectations of $22.40 million. ReneSola had a negative net margin of 7.07% and a positive return on equity of 9.44%. During the same quarter last year, the business earned $0.13 earnings per share.
View ReneSola's earnings history
.

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

Shares of ReneSola 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 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.

What price target have analysts set for SOL?

1 analysts have issued twelve-month price targets for ReneSola's shares. Their forecasts range from $4.00 to $4.00. On average, they anticipate ReneSola's stock price to reach $4.00 in the next twelve months. This suggests that the stock has a possible downside of 46.5%.
View analysts' price targets for ReneSola
.

Are investors shorting ReneSola?

ReneSola saw a drop in short interest during the month of October. As of October 30th, there was short interest totaling 317,400 shares, a drop of 29.5% from the October 15th total of 450,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the days-to-cover ratio is presently 0.2 days.
View ReneSola's Short Interest
.

Who are some of ReneSola's key competitors?

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).

Who are ReneSola's key executives?

ReneSola's management team includes the following people:
  • Mr. Yumin Liu, Chief Exec. Officer (Age 57)
  • Mr. John Ewen, Chief Exec. Officer of North America (Age 50)
  • Mr. Kevin Chen, CFO & Director (Age 46)
  • Ms. Crystal Li, VP of Investment & Director (Age 26)
  • Mr. Johnny Pan, Investor Relations
  • Mr. Josef Kastner, Chief Exec. Officer of European Region (Age 56)
  • Mr. Wade Li, Pres of China Region & Director (Age 28)
  • Ms. Rebecca Shen, Investor Relations Contact
  • Ms. Ella Li, Investor Relations

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 Acadian Asset Management LLC (0.05%). Company insiders that own ReneSola stock include Barlow Todd and Shah Capital Management.
View institutional ownership trends for ReneSola
.

Which major investors are buying ReneSola stock?

SOL stock was acquired by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC. Company insiders that have bought ReneSola stock in the last two years include Barlow Todd, and Shah Capital Management.
View insider buying and selling activity for ReneSola
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is ReneSola's stock price today?

One share of SOL stock can currently be purchased for approximately $7.48.

How big of a company is ReneSola?

ReneSola has a market capitalization of $284.91 million and generates $119.12 million in revenue each year. The semiconductor company earns $-8,830,000.00 in net income (profit) each year or $0.35 on an earnings per share basis. ReneSola employs 159 workers across the globe.

What is ReneSola's official website?

The official website for ReneSola is www.renesolapower.com.

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 347-577-9055 or via email at [email protected]

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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