Roth Capital Has Just Given Renesola (NYSE:SOL) a Higher Rating. The TP is $2.6000

June 22, 2018 - By Linda Rogers

Renesola (NYSE:SOL) Stock Upgrade

Roth Capital has upped shares of Renesola (NYSE:SOL) to a respectable “Hold” rating in a note published today, and has set a 12 month target price per share of $2.6000, which is -2.99 % from SOL’s share price currently.

The stock increased 5.51% or $0.14 during the last trading session, reaching $2.68. About 224,459 shares traded or 284.56% up from the average. ReneSola Ltd (NYSE:SOL) has declined 5.76% since June 22, 2017 and is downtrending. It has underperformed by 18.33% the S&P500.

ReneSola Ltd, through its subsidiaries, makes and sells various solar power products in the PeopleÂ’s Republic of China and internationally. The company has market cap of $102.02 million. The firm operates through three divisions: Wafer, Cell and Module, and Solar Power Projects. It has a 1.96 P/E ratio. It provides virgin polysilicon, monocrystalline, and multicrystalline solar wafers; and photovoltaic cells.

More notable recent ReneSola Ltd (NYSE:SOL) news were published by: Seekingalpha.com which released: “ReneSola +6% as Q1 revenue beats expectations” on June 20, 2018, also Seekingalpha.com with their article: “ReneSola Ltd. 2018 Q1 – Results – Earnings Call Slides” published on June 20, 2018, Prnewswire.com published: “ReneSola Secures Additional Financing from Sequoia Economic Infrastructure Income Fund for 55MW of Projects in …” on June 18, 2018. More interesting news about ReneSola Ltd (NYSE:SOL) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For June 21, 2018” published on June 21, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For June 20, 2018” with publication date: June 20, 2018.

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