Roth Capital Analysts Give ReneSola (SOL) a $3.00 Price Target
Shares of ReneSola (NYSE SOL) opened at $2.88 on Thursday. ReneSola has a 12 month low of $2.12 and a 12 month high of $3.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $108.59, a price-to-earnings ratio of -0.58 and a beta of 2.35.
ReneSola (NYSE:SOL) last posted its quarterly earnings results on Wednesday, September 27th. The semiconductor company reported ($1.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.81). ReneSola had a negative net margin of 13.84% and a negative return on equity of 187.64%. The business had revenue of $151.63 million during the quarter, compared to the consensus estimate of $180.70 million. equities analysts expect that ReneSola will post -2.61 earnings per share for the current year.
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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