Renesola Ltd. American Depsitar found using ticker (SOL) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 12 and 10 calculating the average target price we see 10.67. Now with the previous closing price of 7.2 this would indicate that there is a potential upside of 48.2%. The 50 day moving average now sits at 5.33 and the 200 day moving average is 5.82. The company has a market capitalisation of $470m. Visit the company website at: https://www.renesolapower.com
The potential market cap would be $696m based on the market concensus.
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.
