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How to buy ReneSola stock | $7.85

Learn how to easily invest in ReneSola stock.

ReneSola Ltd is a solar business based in the US. ReneSola shares (SOL) are listed on the NYSE and all prices are listed in US Dollars. ReneSola employs 147 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in ReneSola

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – SOL – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

ReneSola stock price (NYSE: SOL)

Use our graph to track the performance of SOL stocks over time.

ReneSola shares at a glance

Information last updated 2021-10-17.
Latest market close$7.85
52-week range$2.97 - $35.77
50-day moving average $6.82
200-day moving average $7.96
Wall St. target price$11.80
PE ratio 29.3277
Dividend yield N/A (0%)
Earnings per share (TTM) $0.24

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy ReneSola stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

ReneSola price performance over time

Historical closes compared with the close of $7.85 from 2021-10-22

1 week (2021-10-13) 8.28%
1 month (2021-09-22) 14.93%
3 months (2021-07-23) 12.46%
6 months (2021-04-23) -22.35%
1 year (2020-10-23) 119.89%
2 years (2019-10-23) 401.25%
3 years (2018-10-23) 308.85%
5 years (2016-10-21) 697.76%

Is ReneSola under- or over-valued?

Valuing ReneSola stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of ReneSola's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

ReneSola's P/E ratio

ReneSola's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 29x. In other words, ReneSola shares trade at around 29x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

ReneSola's PEG ratio

ReneSola's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.7537. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into ReneSola's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

ReneSola's EBITDA

ReneSola's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $6.5 million.

The EBITDA is a measure of a ReneSola's overall financial performance and is widely used to measure a its profitability.

ReneSola financials

Revenue TTM $67.5 million
Gross profit TTM $16.7 million
Return on assets TTM -0.07%
Return on equity TTM 3.88%
Profit margin 17.51%
Book value $6.05
Market capitalisation $486.8 million

TTM: trailing 12 months

Shorting ReneSola shares

There are currently 1.9 million ReneSola shares held short by investors – that's known as ReneSola's "short interest". This figure is 61.3% up from 1.2 million last month.

There are a few different ways that this level of interest in shorting ReneSola shares can be evaluated.

ReneSola's "short interest ratio" (SIR)

ReneSola's "short interest ratio" (SIR) is the quantity of ReneSola shares currently shorted divided by the average quantity of ReneSola shares traded daily (recently around 1.3 million). ReneSola's SIR currently stands at 1.44. In other words for every 100,000 ReneSola shares traded daily on the market, roughly 1440 shares are currently held short.

However ReneSola's short interest can also be evaluated against the total number of ReneSola shares, or, against the total number of tradable ReneSola shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case ReneSola's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 ReneSola shares in existence, roughly 30 shares are currently held short) or 0.0503% of the tradable shares (for every 100,000 tradable ReneSola shares, roughly 50 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against ReneSola.

Find out more about how you can short ReneSola stock.

ReneSola share dividends

We're not expecting ReneSola to pay a dividend over the next 12 months.

Have ReneSola's shares ever split?

ReneSola's shares were split on a 1:5 basis on 9 February 2017. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your ReneSola shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for ReneSola shares which in turn could have impacted ReneSola's share price.

ReneSola share price volatility

Over the last 12 months, ReneSola's shares have ranged in value from as little as $2.97 up to $35.7748. A popular way to gauge a stock's volatility is its "beta".

SOL.US volatility(beta: 2.24)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while ReneSola's is 2.2392. This would suggest that ReneSola's shares are significantly more volatile than the average for this exchange and represent a higher risk.

ReneSola overview

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 a strategic partnership agreement with Emeren Limited to co-develop ground-mounted solar projects in Italy.

Frequently asked questions

What percentage of ReneSola is owned by institutions?
Currently 37.632% of ReneSola shares are held by institutions.
How many people work for ReneSola?
Latest data suggests 147 work at ReneSola.
When does the fiscal year end for ReneSola?
ReneSola's fiscal year ends in December.
Where is ReneSola based?
ReneSola's address is: 850 Canal Street, Stamford, CT, United States, 06902
What is ReneSola's ISIN number?
ReneSola's international securities identification number is: US75971T3014

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