Renesola Ltd. American Depsitar – Consensus Indicates Potential 94.7% Upside

Broker Ratings

Renesola Ltd. American Depsitar found using ticker (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 15 and 7.7 with the average target price sitting at 11.8. With the stocks previous close at 6.06 this is indicating there is a potential upside of 94.7%. There is a 50 day moving average of 7.56 and the 200 day MA is 8.7. The market capitalisation for the company is $365m. Visit the company website at: https://www.renesolapower.com

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.

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