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ReneSola Ltd (SOL)
1.8  -0.01 (-0.55%)    05-30 16:00
Open: 1.8
High: 1.855
Volume: 184,461
  
Pre. Close: 1.81
Low: 1.79
Market Cap: 108(M)
Technical analysis
2024-05-30 4:44:33 PM
Short term     
Mid term     
Targets 6-month :  2.34 1-year :  2.53
Resists First :  2 Second :  2.16
Pivot price 1.93
Supports First :  1.75 Second :  1.45
MAs MA(5) :  1.9 MA(20) :  1.92
MA(100) :  1.97 MA(250) :  2.67
MACD MACD :  -0.1 Signal :  0
%K %D K(14,3) :  12.4 D(3) :  25.8
RSI RSI(14): 42.4
52-week High :  4.28 Low :  1.53
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ SOL ] has closed above bottom band by 11.8%. Bollinger Bands are 40.5% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 18 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 1.86 - 1.87 1.87 - 1.88
Low: 1.76 - 1.77 1.77 - 1.79
Close: 1.78 - 1.8 1.8 - 1.82
Company Description

ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States, Canada, Europe, and internationally. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells project rights. In addition, its engineering, procurement, and construction business provides engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2021, it operated approximately 100 solar power projects with an aggregate capacity of 180 megawatts. ReneSola Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.

Headline News

Mon, 27 May 2024
ReneSola (SOL) Successfully Monetizes UK-Based Solar Project - Yahoo Movies Canada

Mon, 27 May 2024
Implied Volatility Surging for ReneSola (SOL) Stock Options - Yahoo News Australia

Fri, 24 May 2024
Here's Why You Should Invest in ReneSola (SOL) Stock Now - Yahoo Lifestyle Australia

Fri, 24 May 2024
ReneSola stock downgraded by Northland on earnings, auditor concerns - Investing.com

Fri, 24 May 2024
ReneSola shares target slashed by Roth MKM amid market challenges - Investing.com

Fri, 24 May 2024
ReneSola Ltd (NYSE:SOL) Q1 2024 Earnings Call Transcript - Insider Monkey

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Energy
Industry:
Solar
Shares Out 57 (M)
Shares Float 351 (M)
Held by Insiders 0.8 (%)
Held by Institutions 45 (%)
Shares Short 1,810 (K)
Shares Short P.Month 1,840 (K)
Stock Financials
EPS -0.16
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 5.9
Profit Margin -9 %
Operating Margin -14 %
Return on Assets (ttm) -1.1 %
Return on Equity (ttm) -3.2 %
Qtrly Rev. Growth 112.8 %
Gross Profit (p.s.) 0
Sales Per Share 1.82
EBITDA (p.s.) -0.02
Qtrly Earnings Growth 0 %
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio -11.25
PEG Ratio 0.3
Price to Book value 0.3
Price to Sales 0.98
Price to Cash Flow 0
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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