Renesola Piotroski F Score

SOL
 Stock
  

USD 4.33  0.07  1.59%   

This module uses fundamental data of Renesola to approximate its Piotroski F score. Renesola F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Renesola Ltd ADR. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Renesola financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, take a look at Renesola Altman Z Score, Renesola Correlation, Renesola Valuation, as well as analyze Renesola Alpha and Beta and Renesola Hype Analysis.
  
At this time, it appears that Renesola's Piotroski F Score is Unavailable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
0.0
Piotroski F Score - Unavailable
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Current Return On AssetsN/AFocus
2
Change in Return on AssetsN/AFocus
3
Cash Flow Return on AssetsN/AFocus
4
Current Quality of Earnings (accrual)N/AFocus
5
Asset Turnover GrowthN/AFocus
6
Current Ratio ChangeN/AFocus
7
Long Term Debt Over Assets ChangeN/AFocus
8
Change In Outstending SharesN/AFocus
9
Change in Gross MarginN/AFocus

Renesola Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Renesola is to make sure Renesola is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Renesola's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Renesola's financial numbers are properly reported.

About Renesola Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

About Renesola Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Renesola Ltd ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Renesola using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Renesola Ltd ADR based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States, Canada, Europe, and internationally. ReneSola Ltd was founded in 2005 and is headquartered in Stamford, Connecticut. Renesola operates under Solar classification in the United States and is traded on New York Stock Exchange. It employs 164 people.

Renesola Investors Sentiment

The influence of Renesola's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Renesola. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Renesola's public news can be used to forecast risks associated with investment in Renesola. The trend in average sentiment can be used to explain how an investor holding Renesola can time the market purely based on public headlines and social activities around Renesola Ltd ADR. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Renesola's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Renesola's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Renesola's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Renesola.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Renesola in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Renesola's short interest history, or implied volatility extrapolated from Renesola options trading.

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Additionally, take a look at Renesola Altman Z Score, Renesola Correlation, Renesola Valuation, as well as analyze Renesola Alpha and Beta and Renesola Hype Analysis. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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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
295.4 M
Quarterly Revenue Growth YOY
(0.56) 
Return On Assets
(0.0006) 
Return On Equity
(0.0085) 
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.