H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Renesola (SOL – Research Report) today and set a price target of $12.00. The company’s shares opened today at $5.03.
According to TipRanks, Dayal is a top 100 analyst with an average return of 41.2% and a 43.80% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Broadwind Energy, Ceco Environmental, and Lsi Industries.
Renesola has an analyst consensus of Moderate Buy, with a price target consensus of $10.75.
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SOL market cap is currently $311M and has a P/E ratio of 12.91.
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ReneSola Ltd. engages in the manufacture of solar wafers and modules. It operates through the following segments: Wafer, Cell and Module, and Solar Power Projects. The Wafer segment includes manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services. The Cell and Module segment involves in the manufacture and sale of PV cells and modules. The Solar Power Projects segment offers solar power project development, EPC services, and electricity. The company was founded on March 17, 2006 and is headquartered in Putuo District, China.
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