Renesola Ltd. (SOL) Scheduled to Post Earnings on Monday

Renesola Ltd. (NYSE:SOL) is scheduled to be posting its quarterly earnings results before the market opens on Monday, November 27th. Analysts expect Renesola to post earnings of ($0.62) per share for the quarter.

Renesola (NYSE:SOL) last issued its earnings results on Wednesday, September 27th. The semiconductor company reported ($1.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $151.63 million during the quarter, compared to analyst estimates of $180.70 million. On average, analysts expect Renesola to post $-3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Renesola Ltd. (NYSE SOL) opened at $3.30 on Friday. Renesola Ltd. has a fifty-two week low of $2.12 and a fifty-two week high of $4.10. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 2.06.

Separately, Roth Capital raised Renesola from a “sell” rating to a “neutral” rating and set a $3.00 target price for the company in a report on Monday, October 16th.

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About Renesola

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 solar power projects. The solar power projects segment involves sales of solar power projects and electricity generation revenue of certain project assets it owns and operates.

Earnings History for Renesola (NYSE:SOL)

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