Renesola Ltd. (SOL) Upgraded to Neutral by Roth Capital
Roth Capital upgraded shares of Renesola Ltd. (NYSE:SOL) from a sell rating to a neutral rating in a research note published on Monday. The brokerage currently has $3.00 price target on the semiconductor company’s stock.
Renesola (NYSE SOL) opened at 2.37 on Monday. The company’s 50-day moving average price is $2.34 and its 200 day moving average price is $2.50. The firm’s market capitalization is $47.53 million. Renesola has a 12 month low of $0.59 and a 12 month high of $3.38.
Renesola (NYSE:SOL) last issued its quarterly earnings data on Wednesday, September 27th. The semiconductor company reported ($1.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.81). The company had revenue of $151.63 million for the quarter, compared to the consensus estimate of $180.70 million. Renesola had a negative return on equity of 187.64% and a negative net margin of 13.84%. On average, equities research analysts predict that Renesola will post ($2.67) earnings per share for the current year.
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An institutional investor recently bought a new position in Renesola stock. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Renesola Ltd. (NYSE:SOL) in the second quarter, according to its most recent Form 13F filing with the Securities and 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 approximately 0.36% of Renesola as of its most recent filing with the Securities and Exchange Commission. 14.52% of the stock is currently owned by institutional investors and hedge funds.
Renesola Company Profile
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 wafer sales, cell and module sales, and solar power projects. The wafer sales segment involves the manufacture and sales of monocrystalline and processing services.
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