ReneSola Ltd News: Why SOL Stock Is Zooming Higher Today

ReneSola Ltd [SOL] has traded in a range of $0.85 to $9.49 in the last 1 year. As of this writing, the stock is at $6.98, up 25.99%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, SOL shares are 18.10% up with the monthly amount drift of 78.97% and seems well in a long time frame.

On 8, December 2020, ReneSola Power to Present at the 13th Annual LD Micro Main Event Conference. According to news published on Yahoo Finance, ReneSola Ltd (“ReneSola Power” or the “Company”) ( (NYSE: SOL), a leading fully integrated solar project developer, today announced that management will be presenting at the 13th Annual LD Micro Main Event Conference on Monday, December 14, 2020 at 1:40 PM EST.

Analyst Birdseye View:

The most recent analyst activity for ReneSola Ltd [NYSE:SOL] stock was on October 16, 2017, when it was Upgrade with a Neutral rating from ROTH Capital. Before that, on May 02, 2019, Imperial Capital Recapitulated an Outperform rating and elevated its amount target to $22. On March 29, 2017, Credit Suisse Upgrade a Neutral rating. On August 05, 2016, ROTH Capital Downgrade a Sell rating. On December 16, 2015, ROTH Capital Upgrade a Buy rating and increased its price target to $1.70. On June 03, 2015, ROTH Capital Reiterated a Neutral rating and boosted its amount target on this stock to $1.30. On July 13, 2011, Collins Stewart Reiterated a Neutral rating and decreased its target amount on this stock from $6.50 to $3.60.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.85 and a peak of $9.49. Right now, according to Wall Street analyst the average 12-month amount target is $9.25. At the most recent market close, shares of ReneSola Ltd [NYSE:SOL] were valued at $6.98. According to the average price forecast, investors can expect a potential return of 43.24%.


ReneSola Ltd [NYSE:SOL] most recently reported quarterly sales of 9.8 billion, which represented growth of -85.30%. This publicly-traded organization’s revenue is $750,453 per employee, while its income is -$55,638 per employee. This company’s Gross Margin is currently 26.10%, its Operating Margin is -8.40%, its Pretax Margin is -8.88, and its Net Margin is -7.41. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -2.49, -9.54, 6.34 and -4.68 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 56.15 and the whole liability to whole assets at 36.59. It shows enduring liability to the whole principal at 33.79 and enduring liability to assets at 0.22 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 5.98 points at 1st support level, the second support level is making up to 4.99. But as of 1st resistance point, this stock is sitting at 7.81 and at 8.65 for 2nd resistance point.

ReneSola Ltd [SOL] reported its earnings at $0.04 per share in the fiscal quarter closing of 9/29/2020.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for ReneSola Ltd [NYSE:SOL] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.23. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.48 and it’s amount to book ratio is 0.72.

Insider Stories

The most recent insider trade was by SHAH CAPITAL MANAGEMENT, Chief Financial Officer, and it was the purchase of 0.68 million shares on Mar 23. SHAH CAPITAL MANAGEMENT, the CFO, completed a purchase of 1.21 million shares on Mar 19. On Dec 31, SHAH CAPITAL MANAGEMENT, 10% Owner, completed a purchase of 20901.0 shares.