ReneSola (SOL) Earning Somewhat Favorable News Coverage, Report Shows

Press coverage about ReneSola (NYSE:SOL) has been trending somewhat positive on Sunday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ReneSola earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.2920709760819 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of ReneSola (NYSE SOL) opened at $3.06 on Friday. ReneSola has a twelve month low of $2.12 and a twelve month high of $3.79. The firm has a market capitalization of $116.97, a P/E ratio of -0.61 and a beta of 2.37. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.51 and a quick ratio of 0.42.

A number of equities research analysts have weighed in on SOL shares. Zacks Investment Research lowered ReneSola from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Roth Capital set a $3.00 price objective on ReneSola and gave the company a “hold” rating in a report on Thursday, December 21st.

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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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