News headlines about Renesola (NYSE:SOL) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Renesola earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.975277274028 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, Roth Capital set a $2.00 target price on Renesola and gave the stock a “sell” rating in a research report on Saturday, June 17th.
Shares of Renesola (SOL) traded up 2.62% during trading on Friday, hitting $2.35. The company had a trading volume of 107,602 shares. The stock has a 50-day moving average of $2.37 and a 200 day moving average of $2.50. Renesola has a 12-month low of $0.59 and a 12-month high of $3.38. The stock’s market capitalization is $47.12 million.
Renesola (NYSE:SOL) last released its earnings results on Wednesday, September 27th. The semiconductor company reported ($1.57) EPS for the quarter, missing the consensus estimate of ($0.76) by ($0.81). Renesola had a negative return on equity of 187.64% and a negative net margin of 13.84%. The business had revenue of $151.63 million for the quarter, compared to analyst estimates of $180.70 million. On average, analysts predict that Renesola will post ($2.67) EPS for the current fiscal year.
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ReneSola Ltd is a holding company. The Company is a brand and technology provider of energy-efficient products based in China. The Company’s segments include wafer sales, cell and module sales, and solar power projects. The wafer sales segment involves the manufacture and sales of monocrystalline and processing services.
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