Brokerages Expect ReneSola Ltd. (SOL) to Post ($0.06) Earnings Per Share

ReneSola Ltd. (NYSE:SOL) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokers have set a 1-year consensus target price of $1.75 for the company and are predicting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned ReneSola an industry rank of 109 out of 255 based on the ratings given to related companies.

SOL has been the topic of several recent research reports. ValuEngine raised shares of ReneSola from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 10th. Zacks Investment Research raised ReneSola from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research report on Saturday, January 5th.

Shares of NYSE:SOL remained flat at $$1.65 during midday trading on Monday. 47,867 shares of the stock traded hands, compared to its average volume of 33,973. ReneSola has a one year low of $1.15 and a one year high of $2.99. The company has a market capitalization of $64.67 million, a P/E ratio of 12.69 and a beta of 2.09.

ReneSola Company Profile

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 revenue generation. 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 and other components, and construction contracting and management services.

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