ReneSola Ltd (SOL) Analysts See $0.03 EPS

March 21, 2018 - By Adrian Mccoy

 ReneSola Ltd (SOL) Analysts See $0.03 EPS

Analysts expect ReneSola Ltd (NYSE:SOL) to report $0.03 EPS on March, 27.They anticipate $1.29 EPS change or 102.38 % from last quarter’s $-1.26 EPS. SOL’s profit would be $1.14M giving it 22.42 P/E if the $0.03 EPS is correct. The stock increased 5.49% or $0.14 during the last trading session, reaching $2.69. About 87,893 shares traded or 40.02% up from the average. ReneSola Ltd (NYSE:SOL) has declined 51.83% since March 21, 2017 and is downtrending. It has underperformed by 68.53% the S&P500.

ReneSola Ltd (NYSE:SOL) Ratings Coverage

Among 4 analysts covering Renesola Ltd. (NYSE:SOL), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Renesola Ltd. had 10 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of ReneSola Ltd (NYSE:SOL) has “Sell” rating given on Thursday, June 15 by Roth Capital. The stock of ReneSola Ltd (NYSE:SOL) has “Neutral” rating given on Monday, October 16 by Roth Capital. Zacks upgraded the shares of SOL in report on Friday, August 28 to “Hold” rating. Roth Capital maintained the shares of SOL in report on Wednesday, December 20 with “Hold” rating. The stock has “Sell” rating by Roth Capital on Friday, August 5. The firm has “Neutral” rating given on Wednesday, March 29 by Credit Suisse. The rating was maintained by Roth Capital with “Hold” on Wednesday, November 22. TH Capital upgraded the shares of SOL in report on Wednesday, December 16 to “Buy” rating. Roth Capital downgraded the stock to “Hold” rating in Wednesday, March 9 report.

ReneSola Ltd, through its subsidiaries, makes and sells various solar power products in the People's Republic of China and internationally. The company has market cap of $102.50 million. The firm operates through three divisions: Wafer, Cell and Module, and Solar Power Projects. It currently has negative earnings. It provides virgin polysilicon, monocrystalline, and multicrystalline solar wafers; and photovoltaic cells.

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