ReneSola Ltd. (SOL)

NYSE: SOL · IEX Real-Time Price · USD
7.23
+0.25 (3.58%)
At close: Aug 8, 2022 4:00 PM
7.20
-0.03 (-0.41%)
After-hours: Aug 8, 2022 6:36 PM EDT
3.58%
Market Cap 485.38M
Revenue (ttm) 60.40M
Net Income (ttm) 4.40M
Shares Out 67.13M
EPS (ttm) 0.06
PE Ratio 120.50
Forward PE 55.87
Dividend n/a
Ex-Dividend Date n/a
Volume 879,987
Open 7.50
Previous Close 6.98
Day's Range 7.19 - 7.49
52-Week Range 3.46 - 9.72
Beta 2.21
Analysts Buy
Price Target 10.88 (+50.5%)
Earnings Date Aug 29, 2022

About SOL

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 ... [Read more...]

Industry Construction & Engineering
IPO Date Jan 29, 2008
CEO Yumin Liu
Employees 164
Stock Exchange NYSE
Ticker Symbol SOL
Full Company Profile

Financial Performance

In 2021, ReneSola's revenue was $79.66 million, an increase of 8.38% compared to the previous year's $73.50 million. Earnings were $6.86 million, an increase of 146.95%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for SOL stock is "Buy." The 12-month stock price forecast is 10.88, which is an increase of 50.48% from the latest price.

Price Target
$10.88
(50.48% upside)
Analyst Consensus: Buy
Stock Forecasts

News

ReneSola (SOL) Stock Jumps 11%: Will It Continue to Soar?

ReneSola (SOL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in th...

Does ReneSola (SOL) Have the Potential to Rally 129% as Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 129.1% in ReneSola (SOL). While the effectiveness of this highly sought-after metric is questionable, the positiv...

ReneSola (SOL) Wins Contracts for Two Solar Projects in US

ReneSola (SOL) announces that it has been awarded REC contracts involving two of its solar projects in New York and Illinois, respectively, enabling it to capitalize on the growing solar market of the r...

ReneSola Power Announces Award of 20-year Renewable Energy Credit Contracts for Two Solar Projects in New York and Il...

STAMFORD, Conn. , June 13, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced ...

ReneSola Power to Participate at the Roth 8th Annual London Conference

STAMFORD, Conn. , June 10, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced ...

ReneSola's (SOL) Loss Narrows in Q1, Revenues Plunge Y/Y

ReneSola's (SOL) first-quarter 2022 adjusted loss of 2 cents narrows from a loss of 5 cents per ADS in the prior-year period. Revenues decline 84.6% year over year.

ReneSola Power Announces First Quarter 2022 Financial Results

-- Revenue within and Gross Margin above Guidance -- Mid-to-Late Stage Project Pipeline of 2GW and Storage Pipeline of 1GWh -- Strong Financial Position of $233 million Cash and Cash Equivalents [1] STA...

ReneSola (SOL) Set to Report Q1 Earnings: What's in Store?

ReneSola's (SOL) Q1 results are likely to reflect the favorable impact of solid solar demand. However, project sales might have had an adverse impact

ReneSola Power to Release First Quarter 2022 Financial Results on June 7, 2022

STAMFORD, Conn. , May 17, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, announced today t...

ReneSola Power Files 2021 Annual Report on Form 20-F

STAMFORD, Conn. , May 10, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced t...

ReneSola Power to Participate in Credit Suisse 2022 Renewables and Utilities Conference

STAMFORD, Conn. , May 3, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced th...

ReneSola Power Appoints Ramnath Iyer as a Director

STAMFORD, Conn. , April 21, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced...

ReneSola Receives a New Lifeline Due to Geopolitical Relevance

With renewable energy becoming a critical topic, solar energy investment SOL stock could enjoy continued upside support. The post ReneSola Receives a New Lifeline Due to Geopolitical Relevance appeared ...

ReneSola (SOL) Successfully Monetizes UK-Based Solar Project

ReneSola (SOL) announces that it has completed the sale of its 24-megawatt solar-plus-storage project in the United Kingdom to Innova, thus boosting its profitability through project monetization.

9 Solar Stocks Heating Up on Energy Crisis Concerns

With geopolitical rumblings and an inflation crisis that won't go away, these solar stocks belong on your radar. The post 9 Solar Stocks Heating Up on Energy Crisis Concerns appeared first on InvestorPl...

ReneSola Power Closes Sale of 24 MW Project in the UK to Innova

STAMFORD, Conn. , April 1, 2022 /PRNewswire/ -- ReneSola Ltd.

ReneSola (SOL) Q4 Earnings Meet Estimates, Revenues Rise Y/Y

ReneSola's (SOL) fourth-quarter earnings are on par with the Zacks Consensus Estimate. However, the top line improves 35.7% year over year.

ReneSola Power Announces Fourth Quarter and Full Year 2021 Financial Results

-- Earnings per ADS of $0.10 up 77% y/y -- Project development pipeline of 2.2 GW, up 120% y/y - Strengthened capital position with $254 million cash and cash equivalents STAMFORD, Conn. , March 23, 202...

Himanshu H. Shah joins ReneSola Power as a Director

STAMFORD, Conn., March 23, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced ...

ReneSola Power to Participate in Upcoming Investor Conferences

STAMFORD, Conn., March 18, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced ...

Why Enphase Energy, SolarEdge, and ReneSola Stocks Popped Today

With the conditions pressing oil prices higher showing no signs of easing, investors are jumping on solar stocks.

Other symbols: ENPHSEDG

Why Sunrun, ReneSola And SunPower Shares Are Surging Today

Shares of solar-related companies, including Sunrun Inc (NASDAQ: RUN), ReneSola Ltd (NYSE: SOL) and SunPower Corp (NASDAQ: SPWR), are trading higher Monday as a surge in oil prices lifts alternative ene...

Other symbols: RUNSPWR

ReneSola Power to Release Fourth Quarter and Full Year 2021 Financial Results on March 23, 2022

STAMFORD, Conn., March 3, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, announced today t...

ReneSola Power to Participate at the 34th Annual Roth Conference

STAMFORD, Conn., March 2, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced t...

ReneSola (SOL) Stock Jumps 7%: Will It Continue to Soar?

Concerns over energy shortage amid the Russia-Ukraine crisis have led to SOL soaring on Thursday.