Renesola Ltd. American Depsitar – Consensus Indicates Potential 67.0% Upside

Broker Ratings

Renesola Ltd. American Depsitar with ticker code (SOL) have now 2 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 6.5 and has a mean target at 9.25. Now with the previous closing price of 5.54 this now indicates there is a potential upside of 67.0%. There is a 50 day moving average of 4.86 and the 200 moving average now moves to 2.62. The company has a market capitalisation of $375m. You can visit the company’s website by visiting:

ReneSola Ltd., through its subsidiaries, develops, builds, operates, and sells solar power projects. 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 includes 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 February 28, 2019, it operated approximately 100 solar power projects with an aggregate capacity of 232 MW. ReneSola Ltd. has operations in the United States and Europe. The company was founded in 2005 and is headquartered in Stamford, Connecticut.

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