Roth Capital set a $3.00 price objective on ReneSola (NYSE:SOL) in a research note released on Thursday. The firm currently has a hold rating on the semiconductor company’s stock.

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.

A hedge fund recently bought a new stake in ReneSola stock. Edmond DE Rothschild Holding S.A. acquired a new position in shares of ReneSola Ltd. (NYSE:SOL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 71,600 shares of the semiconductor company’s stock, valued at approximately $175,000. Edmond DE Rothschild Holding S.A. owned about 0.36% of ReneSola as of its most recent SEC filing. Institutional investors own 9.01% of the company’s stock.

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About ReneSola

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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