Renesola Stock Buy Hold or Sell Recommendation

SOL
 Stock
  

USD 6.79  0.45  7.10%   

Considering the 90-day investment horizon and your conservative attitude towards risk, our recommendation regarding Renesola Ltd ADR is 'Strong Sell'. Macroaxis provides Renesola buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Renesola positions. The advice algorithm takes into account all of Renesola's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Renesola's buy-and-hold perspective. Additionally, take a look at Renesola Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Renesola and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Renesola Ltd ADR.

Execute Renesola Buy or Sell Advice

The Renesola recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Renesola Ltd ADR. Macroaxis does not own or have any residual interests in Renesola Ltd ADR or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Renesola's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell RenesolaBuy Renesola
Strong Sell

Volatility

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Hype Condition

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Current Valuation

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Odds of Distress

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Economic Sensitivity

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Analyst Consensus

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Reporting Quality (M-Score)

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For the selected time horizon Renesola Ltd ADR has a Mean Deviation of 4.09, Semi Deviation of 3.47, Standard Deviation of 4.91, Variance of 24.06, Downside Variance of 14.81 and Semi Variance of 12.06
We provide trade recommendations to complement the recent expert consensus on Renesola ADR. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time. To make sure Renesola is not overpriced, please check all Renesola ADR fundamentals, including its gross profit, short ratio, current liabilities, as well as the relationship between the total debt and market capitalization . Given that Renesola ADR has a price to earning of 105.67 X, we recommend you to check out Renesola ADR market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Renesola Trading Alerts and Improvement Suggestions

Renesola ADR is way too risky over 90 days horizon
Renesola ADR appears to be risky and price may revert if volatility continues
Renesola Ltd ADR has about 222.89 M in cash with (6.1 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.33.
Latest headline from stockhouse.com: 2022-08-17 NYSESOL Press Release Renesola Ltd. ADR - Stockhouse

Renesola current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Renesola analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Renesola analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price10.67
Target Median Price10.00
Target High Price12.00
Recommendation Mean1.70
Number Of Analyst Opinions3
Target Low Price10.00
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Renesola Returns Distribution Density

The distribution of Renesola's historical returns is an attempt to chart the uncertainty of Renesola's future price movements. The chart of the probability distribution of Renesola stock daily returns describes the distribution of returns around its average expected value. We use Renesola Ltd ADR price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Renesola returns is essential to provide solid investment advice for Renesola.
Mean Return0.75Value At Risk-6.2
Potential Upside9.03Standard Deviation4.91
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Renesola historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Renesola Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Renesola or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Renesola's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Renesola stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.63
β
Beta against DOW1.34
σ
Overall volatility
5.03
Ir
Information ratio 0.13

Renesola Volatility Alert

Renesola Ltd ADR shows above-average downside volatility for the selected time horizon. We advise investors to inspect Renesola Ltd ADR further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Renesola future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Renesola's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Renesola's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Renesola Implied Volatility

Renesola's implied volatility" href="/stock-options/SOL/Renesola-Ltd-ADR">Renesola's implied volatility exposes the market's sentiment of Renesola Ltd ADR stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Renesola's implied volatility" href="/stock-options/SOL/Renesola-Ltd-ADR">Renesola's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Renesola stock will not fluctuate a lot when Renesola's options" href="/stock-options/SOL/Renesola-Ltd-ADR">Renesola's options are near their expiration.

Renesola Fundamentals Vs Peers

Comparing Renesola's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Renesola's direct or indirect competition across all of the common fundamentals between Renesola and the related equities. This way, we can detect undervalued stocks with similar characteristics as Renesola or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Renesola's fundamental indicators could also be used in its relative valuation, which is a method of valuing Renesola by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Renesola to competition
FundamentalsRenesolaPeer Average
Return On Equity1.19 %(0.31) %
Return On Asset3.07 %(0.14) %
Profit Margin7.29 %(1.27) %
Operating Margin21.42 %(5.51) %
Current Valuation317.9 M16.62 B
Shares Outstanding67.13 M571.82 M
Shares Owned by Institutions41.27 %39.21 %
Number of Shares Shorted1.39 M4.71 M
Price to Earning105.67 X28.72 X
Price to Book1.06 X9.51 X
Price to Sales7.05 X11.42 X
Revenue60.4 M9.43 B
Gross Profit31.42 M27.38 B
EBITDA12.94 M3.9 B
Net Income4.4 M570.98 M
Cash and Equivalents222.89 M2.7 B
Cash per Share3.33 X5.01 X
Total Debt54.97 M5.32 B
Debt to Equity0.12 %48.70 %
Current Ratio9.12 X2.16 X
Book Value Per Share5.97 X1.93 K
Cash Flow from Operations(6.1 B)971.22 M
Short Ratio2.16 X4.00 X
Earnings Per Share0.06 X3.12 X
Price to Earnings To Growth2.60 X4.89 X
Number of Employees16418.84 K
Beta2.21-0.15
Market Capitalization425.63 M19.03 B
Total Asset1.35 B29.47 B
Retained Earnings(435.28 M)9.33 B
Working Capital(466.11 M)1.48 B
Current Asset637.75 M9.34 B
Current Liabilities1.1 B7.9 B
   Purchase by Shah Capital Management of 92707 shares of Renesola [view details]

Renesola Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Renesola . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution44511.01
Daily Balance Of Power1.0
Rate Of Daily Change1.07
Day Median Price6.59
Day Typical Price6.65
Market Facilitation Index0.0
Price Action Indicator0.43

About Renesola Buy or Sell Advice

When is the right time to buy or sell Renesola Ltd ADR? Buying financial instruments such as Renesola Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Renesola in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Emerging Markets Thematic Idea Now

Emerging Markets
Emerging Markets Theme
Fund or Etfs that invest in markets of developing countries. The Emerging Markets theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Emerging Markets Theme or any other thematic opportunities.
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Additionally, take a look at Renesola Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Renesola ADR information on this page should be used as a complementary analysis to other Renesola's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Renesola ADR price analysis, check to measure Renesola's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renesola is operating at the current time. Most of Renesola's value examination focuses on studying past and present price action to predict the probability of Renesola's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Renesola's price. Additionally, you may evaluate how the addition of Renesola to your portfolios can decrease your overall portfolio volatility.
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Is Renesola's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Renesola. If investors know Renesola will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Renesola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.77
Market Capitalization
425.6 M
Quarterly Revenue Growth YOY
-0.85
Return On Assets
0.0184
Return On Equity
0.0119
The market value of Renesola ADR is measured differently than its book value, which is the value of Renesola that is recorded on the company's balance sheet. Investors also form their own opinion of Renesola's value that differs from its market value or its book value, called intrinsic value, which is Renesola's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Renesola's market value can be influenced by many factors that don't directly affect Renesola's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Renesola's value and its price as these two are different measures arrived at by different means. Investors typically determine Renesola value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renesola's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.