Somewhat Favorable Press Coverage Somewhat Unlikely to Impact ReneSola (SOL) Stock Price

Media headlines about ReneSola (NYSE:SOL) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ReneSola earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 48.0607806176505 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of NYSE:SOL remained flat at $$2.42 during trading on Friday. The stock had a trading volume of 32,560 shares, compared to its average volume of 29,433. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.36. ReneSola has a 1-year low of $2.12 and a 1-year high of $3.79. The stock has a market cap of $92.21 million, a PE ratio of 18.62 and a beta of 1.09.

ReneSola (NYSE:SOL) last issued its earnings results on Wednesday, June 20th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.13. The firm had revenue of $44.76 million for the quarter, compared to analysts’ expectations of $29.80 million. research analysts expect that ReneSola will post 0.26 EPS for the current year.



SOL has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of ReneSola from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. Roth Capital upgraded ReneSola from a “sell” rating to a “neutral” rating in a report on Thursday, June 21st. Finally, ValuEngine cut ReneSola from a “hold” rating to a “sell” rating in a report on Friday, August 3rd.

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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