Renesola Stock Today

SOL
 Stock
  

USD 6.79  0.45  7.10%   

Market Performance
10 of 100
Odds Of Distress
Less than 14
Renesola is selling for 6.79 as of the 18th of August 2022. This is a 7.10 percent increase since the beginning of the trading day. The stock's lowest day price was 6.36. Renesola has less than a 14 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Equity ratings for Renesola Ltd ADR are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of August 2020 and ending today, the 18th of August 2022. Click here to learn more.
Fiscal Year End
December
Business Domain
Capital Goods
IPO Date
29th of January 2008
Category
Technology
Classification
Industrials
ISIN
US75971T3014
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. The company has 67.13 M outstanding shares of which 1.39 M shares are at this time shorted by investors with about 2.16 days to cover. More on Renesola Ltd ADR

Moving together with Renesola

0.76ONOn Semiconductor TrendingPairCorr
0.86PLXSPlexus Cp Fiscal Year End 26th of October 2022 PairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Renesola Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Renesola's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Renesola or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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
CEO and DirectorXianshou Li
Average Analyst Recommendation
Analysts covering Renesola report their recommendations after researching Renesola's financial statements, talking to executives and customers, or listening in on Renesola's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Renesola ADR. The Renesola consensus assessment is calculated by taking the average forecast from all of the analysts covering Renesola.
Strong Sell1 Opinion
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Renesola's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Renesola Ltd ADR (SOL) is traded on New York Stock Exchange in USA and employs 164 people. The company currently falls under 'Small-Cap' category with total capitalization of 425.63 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Renesola's market, we take the total number of its shares issued and multiply it by Renesola's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Renesola ADR runs under Technology sector within Solar industry. The entity has 67.13 M outstanding shares of which 1.39 M shares are at this time shorted by investors with about 2.16 days to cover. 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.
Check Renesola Probability Of Bankruptcy
Ownership
Renesola owns a total of sixty-seven million one hundred thirty thousand outstanding shares. 30% of Renesola Ltd ADR outstanding shares are owned by third-party entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulation than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or about to change. Please note that no matter how much assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Renesola Ownership Details

Renesola Stock Price Odds Analysis

What are Renesola's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Renesola jumping above the current price in 90 days from now is under 4%. The Renesola Ltd ADR probability density function shows the probability of Renesola stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.3351. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Renesola will likely underperform. Additionally, the company has an alpha of 0.6298, implying that it can generate a 0.63 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 6.79HorizonTargetOdds Above 6.79
96.44%90 days
 6.79 
3.54%
Based on a normal probability distribution, the odds of Renesola to move above the current price in 90 days from now is under 4 (This Renesola Ltd ADR probability density function shows the probability of Renesola Stock to fall within a particular range of prices over 90 days) .

Renesola ADR Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Renesola market risk premium is the additional return an investor will receive from holding Renesola long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Renesola. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Renesola's alpha and beta are two of the key measurements used to evaluate Renesola's performance over the market, the standard measures of volatility play an important role as well.

Renesola Stock Against Markets

Picking the right benchmark for Renesola stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Renesola stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Renesola is critical whether you are bullish or bearish towards Renesola Ltd ADR at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Renesola without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Renesola Corporate Directors

Renesola corporate directors refer to members of a Renesola board of directors. The board of directors generally takes responsibility for the Renesola's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Renesola's board members must vote for the resolution. The Renesola board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Weiguo Zhou - Independent DirectorProfile
Jing Wang - Independent DirectorProfile
Julia Xu - Independent DirectorProfile
Wee Tan - Independent DirectorProfile

Invested in Renesola Ltd ADR?

You need to understand the risk of investing before taking a position in Renesola. The danger of trading Renesola Ltd ADR is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Renesola is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Renesola. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Renesola ADR is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. 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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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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.