Renesola Ltd. American Depsitar found using ticker (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 12.5 and 10 calculating the mean target price we have 11.13. Now with the previous closing price of 5.58 this indicates there is a potential upside of 99.5%. The day 50 moving average is 5.89 and the 200 day MA is 6.77. The company has a market cap of $386m. Company Website: https://www.renesolapower.com
The potential market cap would be $771m 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 include 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.
