Northland analyst Donovan Schafer selected ReneSola as a top pick for 2023, citing his view that the stock is "less risky than investors’ perceptions" given that its footprint in Europe will only increase in value and attractiveness as the war in Ukraine escalates and greater urgency is placed on shifting to renewables. He also sees tailwinds in the U.S. and potential catalysts, such as moves to make ReneSola "more clearly a non-Chinese company," said Schafer, who has an Outperform rating and $9.50 price target on the shares.
Published first on TheFly
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