ReneSola Ltd. (NYSE:SOL) has received an average broker rating score of 0.00 () from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.
Brokerages have set a 12-month consensus target price of $3.25 for the company and are predicting that the company will post ($0.80) EPS for the current quarter, according to Zacks. Zacks has also assigned ReneSola an industry rank of 214 out of 265 based on the ratings given to its competitors.
A number of research firms have recently issued reports on SOL. Zacks Investment Research raised shares of ReneSola from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 31st. Roth Capital reaffirmed a “sell” rating and set a $3.25 price objective (down from $5.00) on shares of ReneSola in a report on Thursday, December 1st.
An institutional investor recently raised its position in ReneSola stock. KBC Group NV raised its stake in ReneSola Ltd. (NYSE:SOL) by 22.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,219 shares of the company’s stock after buying an additional 40,059 shares during the period. KBC Group NV owned about 0.22% of ReneSola worth $222,000 at the end of the most recent reporting period. 12.79% of the stock is owned by hedge funds and other institutional investors.
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Shares of ReneSola (NYSE:SOL) opened at 2.43 on Thursday. The firm’s market capitalization is $49.08 million. The firm’s 50-day moving average price is $2.17 and its 200-day moving average price is $1.19. ReneSola has a one year low of $2.15 and a one year high of $7.55.
ReneSola Company Profile
ReneSola Ltd is a holding company. The Company is a brand and technology provider of energy-efficient products based in China. The Company’s segments include wafer sales, cell and module sales, and solar power projects. The wafer sales segment involves the manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services.
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