ReneSola (NYSE:SOL) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $2.80 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned ReneSola an industry rank of 117 out of 265 based on the ratings given to its competitors.
Several research firms have commented on SOL. ValuEngine raised shares of ReneSola from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research lowered shares of ReneSola from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Finally, Roth Capital set a $3.00 target price on shares of ReneSola and gave the company a “hold” rating in a report on Thursday, December 21st.
An institutional investor recently raised its position in ReneSola stock. Renaissance Technologies LLC raised its position in ReneSola (NYSE:SOL) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 654,960 shares of the semiconductor company’s stock after buying an additional 34,500 shares during the quarter. Renaissance Technologies LLC owned about 1.72% of ReneSola worth $1,742,000 at the end of the most recent quarter. 9.41% of the stock is owned by institutional investors.
ReneSola stock traded up $0.14 during midday trading on Tuesday, hitting $2.48. The company’s stock had a trading volume of 21,064 shares, compared to its average volume of 53,322. ReneSola has a 1-year low of $2.12 and a 1-year high of $3.79.
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ReneSola Company Profile
ReneSola Ltd, through its subsidiaries, manufactures and sells various solar power products in the People's Republic of China and internationally. The company operates through three segments: Wafer, Cell and Module, and Solar Power Projects. It provides virgin polysilicon, monocrystalline, and multicrystalline solar wafers; and photovoltaic cells.
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