Renesola Ltd. American Depsitar found using ticker (SOL) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 12 and 10 with the average target price sitting at 10.67. Given that the stocks previous close was at 5.76 this would indicate that there is a potential upside of 85.2%. The day 50 moving average is 4.83 and the 200 day MA is 5.87. The company has a market cap of $422m. Company Website: https://www.renesolapower.com
The potential market cap would be $781m 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.
