Roth Capital Analysts Give ReneSola (SOL) a $3.00 Price Target

Roth Capital set a $3.00 price target on ReneSola (NYSE:SOL) in a research note released on Thursday, December 21st. The brokerage currently has a hold rating on the semiconductor company’s stock.

ReneSola (NYSE:SOL) traded down $0.01 on Thursday, hitting $3.06. 43,940 shares of the company were exchanged, compared to its average volume of 106,358. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.51 and a quick ratio of 0.42. ReneSola has a one year low of $2.12 and a one year high of $3.79. The company has a market capitalization of $116.97, a price-to-earnings ratio of -0.61 and a beta of 2.37.

A hedge fund recently bought a new stake in ReneSola stock. Edmond DE Rothschild Holding S.A. acquired a new position in ReneSola Ltd. (NYSE:SOL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 71,600 shares of the semiconductor company’s stock, valued at approximately $175,000. Edmond DE Rothschild Holding S.A. owned 0.36% of ReneSola as of its most recent filing with the Securities & Exchange Commission. 9.01% of the stock is currently owned by institutional investors and hedge funds.

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About ReneSola

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 solar power projects. The solar power projects segment involves sales of solar power projects and electricity generation revenue of certain project assets it owns and operates.

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