ReneSola (NYSE:SOL) is set to announce its earnings results before the market opens on Thursday, June 27th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter.
ReneSola stock opened at $1.27 on Wednesday. The business’s 50 day moving average price is $1.33. ReneSola has a fifty-two week low of $1.15 and a fifty-two week high of $2.87. The company has a market cap of $48.61 million, a price-to-earnings ratio of 127.00 and a beta of 2.08. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.33.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of ReneSola from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Imperial Capital reissued an “outperform” rating and set a $22.00 price objective (up previously from $20.00) on shares of ReneSola in a research note on Thursday, May 2nd. Finally, ValuEngine lowered shares of ReneSola from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st.
ReneSola Company Profile
ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: solar power project development, EPC services, and electricity revenue generation. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes engineering design, procurement of solar modules, balance-of-system and other components, and construction contracting and management services.
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