Renesola Ltd. American Depsitar with ticker code (SOL) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 15 and 10 with the average target price sitting at 12.38. Now with the previous closing price of 6.6 this now indicates there is a potential upside of 87.6%. The 50 day MA is 5.82 and the 200 moving average now moves to 6.97. The company has a market capitalisation of $480m. Visit the company website at: https://www.renesolapower.com
The potential market cap would be $900m based on the market concensus.
ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States and Europe. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business lude 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, 2020, it operated approximately 100 solar power projects with an aggregate capacity of 173 megawatts. The company has strategic partnership agreements with Emeren Limited and Terra Aurea Gela S.r.l to co-develop ground-mounted solar projects in Italy. ReneSola Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.
