NYSE
SOL

ReneSola Ltd

Solar
Technology

Prices are adjusted according to historical splits.

ReneSola Ltd Stock Price

Vitals

Today's Low:
$3.23
Today's High:
$3.295
Open Price:
$3.25
52W Low:
$3.06
52W High:
$6.32
Prev. Close:
$3.27
Volume:
189301

Company Statistics

Market Cap.:
$223.89 million
Book Value:
5.847
Revenue TTM:
$70.65 million
Operating Margin TTM:
-4.59%
Gross Profit TTM:
$24.48 million
Profit Margin:
-4.5%
Return on Assets TTM:
-0.41%
Return on Equity TTM:
-0.76%

Company Profile

ReneSola Ltd had its IPO on 2008-01-29 under the ticker symbol SOL.

The company operates in the Technology sector and Solar industry. ReneSola Ltd has a staff strength of 197 employees.

Stock update

Shares of ReneSola Ltd opened at $3.25 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $3.23 - $3.3, and closed at $3.23.

This is a -1.22% slip from the previous day's closing price.

A total volume of 189,301 shares were traded at the close of the day’s session.

In the last one week, shares of ReneSola Ltd have slipped by -1.52%.

ReneSola Ltd's Key Ratios

ReneSola Ltd has a market cap of $223.89 million, indicating a price to book ratio of 0.9364 and a price to sales ratio of 4.6785.

In the last 12-months ReneSola Ltd’s revenue was $70.65 million with a gross profit of $24.48 million and an EBITDA of $3.74 million. The EBITDA ratio measures ReneSola Ltd's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, ReneSola Ltd’s operating margin was -4.59% while its return on assets stood at -0.41% with a return of equity of -0.76%.

In Q1, ReneSola Ltd’s quarterly earnings growth was a positive 342% while revenue growth was a positive 266.4%.

ReneSola Ltd’s PE and PEG Ratio

Forward PE
16.5837
Trailing PE
0
PEG
0.7537

Its diluted EPS in the last 12-months stands at $-0.04 per share while it has a forward price to earnings multiple of 16.5837 and a PEG multiple of 0.7537. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into ReneSola Ltd’s profitability.

ReneSola Ltd stock is trading at a EV to sales ratio of 5.1583 and a EV to EBITDA ratio of 203.7657. Its price to sales ratio in the trailing 12-months stood at 4.6785.

ReneSola Ltd stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$477.69 million
Total Liabilities
$41.83 million
Operating Cash Flow
$0
Capital Expenditure
$0
Dividend Payout Ratio
0%

ReneSola Ltd ended 2024 with $477.69 million in total assets and $0 in total liabilities. Its intangible assets were valued at $477.69 million while shareholder equity stood at $340.52 million.

ReneSola Ltd ended 2024 with $0 in deferred long-term liabilities, $41.83 million in other current liabilities, 806576000.00 in common stock, $-429223000.00 in retained earnings and $1.02 million in goodwill. Its cash balance stood at $60.45 million and cash and short-term investments were $70.51 million. The company’s total short-term debt was $7,837,000 while long-term debt stood at $22.74 million.

ReneSola Ltd’s total current assets stands at $229.12 million while long-term investments were $0.00 and short-term investments were $10.06 million. Its net receivables were $86.41 million compared to accounts payable of $5.37 million and inventory worth $1.80 million.

In 2024, ReneSola Ltd's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, ReneSola Ltd paid $0 in dividends in 2024.

Other key metrics

Current Trading Price
$3.23
52-Week High
$6.32
52-Week Low
$3.06
Analyst Target Price
$10.13

ReneSola Ltd stock is currently trading at $3.23 per share. It touched a 52-week high of $6.32 and a 52-week low of $6.32. Analysts tracking the stock have a 12-month average target price of $10.13.

Its 50-day moving average was $3.58 and 200-day moving average was $4.15 The short ratio stood at 2.69 indicating a short percent outstanding of 0%.

Around 9.8% of the company’s stock are held by insiders while 5628% are held by institutions.

Frequently Asked Questions About ReneSola Ltd

The stock symbol (also called stock or share ticker) of ReneSola Ltd is SOL

The IPO of ReneSola Ltd took place on 2008-01-29

Similar Industry Stocks (Solar)

Last Price
Chg
Chg%
$11
-0.19
-1.7%
$2.6
0.02
+0.78%
$0.62
-0.02
-2.36%
$91.67
-0.83
-0.9%
Covestro ADR (COVTY)
$28.76
0.66
+2.35%
PNC Infratech Ltd (PNCINFRA)
$359.25
-4.8
-1.32%
$93.67
-0.76
-0.8%
Mazda Limited (MAZDA)
$1066.55
-46.55
-4.18%
$36.09
-0.02
-0.06%

Most Active

Last Price
Chg
Chg%
Amyris Inc (AMRS)
$0.14
0.07
+100%
$0.12
0.04
+45.29%
$0.96
0.05
+5.4%
$1.34
-0.35
-20.71%
Humbl Inc (HMBL)
$0
0
0%

Top Gainers

Last Price
Chg
Chg%
$0
0
+172200%
$0
0
+51200%
$283
280.03
+9428.62%
$11.2
10.57
+1667.68%
Latch Inc (LTCHW)
$0.01
-0.03
+1550%

Top Losers

Last Price
Chg
Chg%
$0.19
-123.15
-99.85%
$0
-0.11
-99.55%
$0
-0
-97.96%
$0
-0.01
-93.94%
$0.01
-0.06
-92.24%

About

Emeren Group Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It owns and operates 3 gigawatt pipeline of projects and independent power producer assets. The company also develops community solar gardens; and sells project rights. In addition, it engages in engineering design; procurement of solar modules; balance-of-system components and other components; and construction contracting and management services. Further, the company generates and sells electricity. It operates in China, United States, UK, Spain, France, Poland, Italy, Hungary, and Internationally. The company was formerly known as ReneSola Ltd and changed its name to Emeren Group Ltd in January 2023. Emeren Group Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.

Address

850 Canal Street, Stamford, CT, United States, 06902