Renesola Ltd. American Depsitar with ticker code (SOL) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 12 and 8 and has a mean target at 10. Given that the stocks previous close was at 5.07 this is indicating there is a potential upside of 97.2%. The 50 day MA is 5.95 and the 200 moving average now moves to 5.5. The market capitalisation for the company is $329m. Company Website: https://www.renesolapower.com
The potential market cap would be $649m 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.
