SOL

ReneSola Ltd [SOL] Stock Forecast

Q: What is ReneSola Ltd stock symbol ?

ReneSola Ltd is a US stock, located in Stamford of Ct and trading under the symbol SOL

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SOL Stock Summary

Earnings are expected to rise 807.24% next year

Profit margins (0.03%) are lower than the previous year (0.07%)

SOL has less than 1 year of cash runway

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SOL

In the News

11:00 10 Dec 2023 SOL

Emeren Group to Participate in Upcoming Investor Conferences

STAMFORD, Conn. , Nov. 30, 2023 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced its participation in the following investor conferences: BofA Securities 2023 Renewables Conference on December 1, 2023.

09:01 10 Dec 2023 SOL

Emeren (SOL) Reports Q3 Loss, Misses Revenue Estimates

Emeren's (SOL) third-quarter 2023 loss widens from the prior-year period's loss. Revenues decrease 42% from the year-ago period.

09:07 10 Dec 2023 SOL

Emeren Group Ltd (SOL) Q3 2023 Earnings Call Transcript

Emeren Group Ltd (NYSE:SOL ) Q3 2023 Earnings Conference Call November 21, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director, The Blueshirt Group Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer Conference Call Participants Philip Shen - ROTH MKM Pavel Molchanov - Raymond James & Associates Donovan Schafer - Northland Capital Markets Amit Dayal - HCW Operator Hello, ladies and gentlemen. Thank you for standing by for Emeren's Group Limited Third Quarter 2023 Earnings Conference Call.

09:02 10 Dec 2023 SOL

Emeren (SOL) Inks Deal to Monetize 29 MW of Solar PV Projects

Emeren (SOL) inks a deal to monetize 29 MW of the solar PV portfolio in Spain to Rubis Photosol.

06:00 10 Dec 2023 SOL

Emeren to Release Third Quarter 2023 Financial Results on Nov 21, 2023

STAMFORD, Conn. , Nov. 3, 2023 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2023 after the U.S. stock market close on Tuesday, Nov 21, 2023.

09:33 10 Dec 2023 SOL

Emeren Group: From Debt-Laden To Renewable Upstart

Emeren Group, formerly known as ReneSola, has undergone a successful restructuring and is now focused on the design and construction of photovoltaic systems. The company has shifted its focus to the European market, which offers favorable policies and high margins, and has also entered the energy storage market. Emeren's financials have improved, with a significant reduction in debt and the potential for growth in revenue and net income. The company's valuation is attractive compared to its fundamentals and future prospects.

06:20 10 Dec 2023 SOL

Betting Big: 7 Penny Stocks Primed for a Breakout

The penny stock euphoria of 2021 was decimated the following year on the back of tight monetary policies. Things may be turning around, and investors may want to consider which penny stocks to buy now.

09:02 10 Dec 2023 SOL

Emeren (SOL) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Emeren's (SOL) second-quarter net revenues of $33.8 million surge 312.5% year over year, but miss the Zacks Consensus Estimate.

11:51 10 Dec 2023 SOL

Emeren Group Ltd (SOL) Q2 2023 Earnings Call Transcript

Emeren Group Ltd (NYSE:SOL ) Q2 2023 Earnings Conference Call August 31, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director, The Blueshirt Group Himanshu Shah - Chairman of the Board Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer Conference Call Participants Donovan Schafer - Northland Capital Markets Matthew Koranda - ROTH MKM Amit Dayal - H.C. Wainwright Pavel Molchanov - Raymond James Operator Hello, ladies and gentlemen.

05:30 10 Dec 2023 SOL

The 3 Most Undervalued Solar Stocks to Buy Now: August 2023

Volatility persists for many companies in a range of sectors. The solar sector hasn't been immune to this volatility, failing to see a recovery after its recent downturn.

SOL Financial details

Company Rating

Buy

Market Cap

150.69M

Income

3.18M

Revenue

101.47M

Book val./share

5.73

Cash/share

1.23

Dividend

Dividend %

Employees

197

Optionable

Shortable

Yes

Earnings

21 Nov 2023

P/E

44.26

Forward P/E

6.58

PEG

-8.73

P/S

1.48

P/B

0.44

P/C

2.03

P/FCF

-3.91

Quick Ratio

3.69

Current Ratio

5.4

Debt / Equity

0.18

LT Debt / Equity

0.14

EPS (TTM)

0.05

EPS next Y

0.38

EPS next Q

0.24

EPS this Y

-10%

EPS next Y

662.68%

EPS next 5Y

755.98%

EPS last 5Y

14.27%

Revenue last 5Y

-3.42%

Revenue Q/Q

-58.79%

EPS Q/Q

-213.33%

SMA20

-1.2%

SMA50

-17.88%

SMA100

-39.22%

Inst Own

9.02%

Inst Trans

0.42%

ROA

ROE

ROC

0.01%

Gross Margin

31%

Oper. Margin

Profit Margin

Payout

Shs Outstand

60.27M

Shs Float

60.21M

Target Price

52W Range

2.2-5.6

52W High

-50%

52W Low

+25%

RSI

48.37

Rel Volume

0.86

Avg Volume

478K

Volume

410.56K

Perf Week

0.4%

Perf Month

-0.4%

Perf Quarter

-32.98%

Perf Half Y

-31.13%

Beta

2.067

Volatility

0.05%, 0.11%

Prev Close

1.63%

Price

2.5

Change

-0.4%

SOL Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	2.55	2.93	1.5	1.16	1.25
Net income per share	0.05	-0.29	0.07	0.1	0.09
Operating cash flow per share	-1.34	1.38	-0.28	-0.09	-0.54
Free cash flow per share	-2.4	1.04	-0.45	-0.26	-1.12
Cash per share	0.18	0.6	0.83	3.69	1.65
Book value per share	2.38	2.33	2.84	5.86	5.52
Tangible book value per share	3.27	3.39	3.72	6.49	6.14
Share holders equity per share	2.38	2.33	2.84	5.86	5.52
Interest debt per share	4.53	3.21	2.48	0.91	1.15
Market cap	45.31M	57.44M	561.97M	410.68M	293.46M
Enterprise value	202.33M	154.44M	636.96M	214.47M	256.94M
P/E ratio	25.76	-4.92	172.44	59.85	49.71
Price to sales ratio	0.47	0.48	7.6	5.16	3.6
POCF ratio	-0.89	1.03	-40.33	-64.01	-8.33
PFCF ratio	-0.5	1.36	-25.33	-22.77	-4.03
P/B Ratio	0.5	0.61	4.03	1.02	0.82
PTB ratio	0.5	0.61	4.03	1.02	0.82
EV to sales	2.09	1.3	8.62	2.69	3.16
Enterprise value over EBITDA	12.59	22.92	65.88	9.99	28.58
EV to operating cash flow	-3.96	2.76	-45.71	-33.43	-7.29
EV to free cash flow	-2.21	3.66	-28.72	-11.89	-3.53
Earnings yield	0.04	-0.2	0.01	0.02	0.02
Free cash flow yield	-2.02	0.73	-0.04	-0.04	-0.25
Debt to equity	1.81	1.28	0.83	0.14	0.2
Debt to assets	0.43	0.38	0.34	0.11	0.14
Net debt to EBITDA	9.77	14.39	7.76	-9.14	-4.06
Current ratio	1.01	0.94	1.55	9.39	5.33
Interest coverage	1.78	-0.12	0.37	2.45	1.85
Income quality	-10.02	-4.79	-6.46	-0.97	7.75
Dividend Yield	0	0	0	0.01	0
Payout ratio	0	0	0	0.57	0
Sales general and administrative to revenue	0.11	0.13	0.2	0.21	0.21
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0	0	0	0	0
Capex to operating cash flow	0.79	-0.24	0.59	1.81	1.07
Capex to revenue	-0.42	-0.11	-0.11	-0.15	-0.46
Capex to depreciation	-4.81	-1.76	-1.12	-1.71	-5.52
Stock based compensation to revenue	0	0	0	0.03	0.02
Graham number	1.57	3.89	2.06	3.62	3.36
ROIC	0.05	0	0.01	0.02	0.01
Return on tangible assets	0	-0.04	0.01	0.01	0.01
Graham Net	-5.5	-3.26	-1.9	3.07	1.1
Working capital	1.54M	-6.34M	48.92M	294.38M	184.3M
Tangible asset value	124.67M	137.55M	182.71M	447.39M	398.5M
Net current asset value	-117.77M	-79.34M	-16.46M	248.63M	125.92M
Invested capital	1.81	1.28	0.83	0.14	0.2
Average receivables	42.98M	34.32M	22.8M	37.34M	68.28M
Average payables	18.92M	16.24M	13.34M	4.79M	3.48M
Average inventory	22.04M	10.94M	10.86M	1.55M	897K
Days sales outstanding	178.13	65.4	119.76	231.03	386.17
Days payables outstanding	63.89	87.85	40.17	25.22	23.23
Days of inventory on hand	14.08	82.69	16.06	4.49	7.69
Receivables turnover	2.05	5.58	3.05	1.58	0.95
Payables turnover	5.71	4.16	9.09	14.47	15.71
Inventory turnover	25.92	4.41	22.73	81.21	47.44
ROE	0.02	-0.12	0.02	0.02	0.02
Capex per share	-1.06	-0.34	-0.17	-0.17	-0.58

Quarterly Fundamentals Overview

Last date of statement is 2023-09-30 for Q3

Metric	2022-09-30	2022-12-31	2023-03-31	2023-06-30	2023-09-30
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	0.44	0.68	0.22	0.59	0.25
Net income per share	0.05	0.08	-0.01	0.15	-0.17
Operating cash flow per share	-0.08	-0.13	-0.41	-0.04	-0.08
Free cash flow per share	-0.08	-0.13	-0.41	-0.04	-0.08
Cash per share	1.87	1.78	1.34	1.23	1.23
Book value per share	5.17	5.94	5.85	5.95	5.73
Tangible book value per share	5.77	6.61	6.54	6.6	6.41
Share holders equity per share	5.17	5.94	5.85	5.95	5.73
Interest debt per share	0.99	1.19	1.2	1.07	1.03
Market cap	330.72M	272.44M	255.47M	216.92M	173.36M
Enterprise value	271.47M	235.93M	257.72M	217.8M	172.29M
P/E ratio	27.97	14.08	-103.85	6.5	-4.62
Price to sales ratio	11.45	6.68	19.84	6.41	12.43
POCF ratio	-63.53	-34.84	-10.77	-92.19	-37.33
PFCF ratio	-63.53	-34.84	-10.77	-92.19	-37.33
P/B Ratio	0.98	0.76	0.76	0.64	0.54
PTB ratio	0.98	0.76	0.76	0.64	0.54
EV to sales	9.4	5.78	20.02	6.43	12.35
Enterprise value over EBITDA	51.83	43.48	-85.82	77.18	224.05
EV to operating cash flow	-52.15	-30.17	-10.86	-92.56	-37.1
EV to free cash flow	-52.15	-30.17	-10.86	-92.56	-37.1
Earnings yield	0.01	0.02	0	0.04	-0.05
Free cash flow yield	-0.02	-0.03	-0.09	-0.01	-0.03
Debt to equity	0.19	0.2	0.21	0.18	0.18
Debt to assets	0.14	0.14	0.14	0.13	0.13
Net debt to EBITDA	-11.31	-6.73	-0.75	0.31	-1.39
Current ratio	6.23	5.33	4.83	5.48	5.4
Interest coverage	4.41	3.56	-22.58	0	0
Income quality	-1.76	-1.62	38.58	0	0
Dividend Yield	0	0	0	0	0
Payout ratio	0	0	0	0	0
Sales general and administrative to revenue	0.12	0.16	0.34	0.16	0.5
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0	0	0	0	0
Capex to operating cash flow	0	0	0	0	0
Capex to revenue	0	0	0	0	0
Capex to depreciation	0	0	0	0	0
Stock based compensation to revenue	0	0	0	0	0
Graham number	2.29	3.28	1.19	4.42	4.64
ROIC	0.01	0.01	-0.01	0.01	-0.01
Return on tangible assets	0.01	0.01	0	0.02	-0.02
Graham Net	1.15	1.18	0.54	0.65	0.6
Working capital	177.77M	184.3M	167.03M	187.29M	173.99M
Tangible asset value	378.75M	398.5M	375.61M	377.74M	360.68M
Net current asset value	124.29M	125.92M	105.6M	130.2M	119.78M
Invested capital	0.19	0.2	0.21	0.18	0.18
Average receivables	46.07M	69.44M	82.61M	82.75M	81.44M
Average payables	4.63M	5.08M	4.77M	5.64M	4.25M
Average inventory	1.51M	832.5K	916.5K	1.22M	1.94M
Days sales outstanding	164.29	189.99	552.84	229.78	493.39
Days payables outstanding	28.91	10.98	47.15	22.8	34.1
Days of inventory on hand	2.06	3.64	5.05	7.64	22.57
Receivables turnover	0.55	0.47	0.16	0.39	0.18
Payables turnover	3.11	8.2	1.91	3.95	2.64
Inventory turnover	43.76	24.75	17.82	11.78	3.99
ROE	0.01	0.01	0	0.02	-0.03
Capex per share	0	0	0	0	0

SOL Frequently Asked Questions

What is ReneSola Ltd stock symbol ?

ReneSola Ltd is a US stock , located in Stamford of Ct and trading under the symbol SOL

Is ReneSola Ltd buy or a sell ?

1 stock analysts have 1 predictions with a medium analyst target price of $10. The lowest prediction is $10 and the highest is $10

What is SOL stock prediction ?

What is ReneSola Ltd stock quote today ?

ReneSola Ltd stock price is $2.5 today.

Is ReneSola Ltd stock public?

Yes, ReneSola Ltd is a publicly traded company.

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Company Profile

Volume Average 478K
Market Capitalization 150.69M
Employee 197
CEO Mr. Yumin Liu
Headquarters Stamford,CT,US
IPO Date 2008-01-29
Website https://www.renesolapower.com

ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States, Canada, Europe, and internationally. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells project rights. In addition, its engineering, procurement, and construction business provides 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. As of December 31, 2021, it operated approximately 100 solar power projects with an aggregate capacity of 180 megawatts. ReneSola Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.