SOL

ReneSola Ltd [SOL] Stock Forecast

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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
No
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
1%
ROE
1%
ROC
0.01%
Gross Margin
31%
Oper. Margin
3%
Profit Margin
3%
Payout
-
Shs Outstand
60.27M
Shs Float
60.21M
-
-
-
-
Target Price
10
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 History 2018-12-312019-12-312020-12-312021-12-31 2022-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
2.552.931.51.161.25
Net income per share
0.05-0.290.070.10.09
Operating cash flow per share
-1.341.38-0.28-0.09-0.54
Free cash flow per share
-2.41.04-0.45-0.26-1.12
Cash per share
0.180.60.833.691.65
Book value per share
2.382.332.845.865.52
Tangible book value per share
3.273.393.726.496.14
Share holders equity per share
2.382.332.845.865.52
Interest debt per share
4.533.212.480.911.15
Market cap
45.31M57.44M561.97M410.68M293.46M
Enterprise value
202.33M154.44M636.96M214.47M256.94M
P/E ratio
25.76-4.92172.4459.8549.71
Price to sales ratio
0.470.487.65.163.6
POCF ratio
-0.891.03-40.33-64.01-8.33
PFCF ratio
-0.51.36-25.33-22.77-4.03
P/B Ratio
0.50.614.031.020.82
PTB ratio
0.50.614.031.020.82
EV to sales
2.091.38.622.693.16
Enterprise value over EBITDA
12.5922.9265.889.9928.58
EV to operating cash flow
-3.962.76-45.71-33.43-7.29
EV to free cash flow
-2.213.66-28.72-11.89-3.53
Earnings yield
0.04-0.20.010.020.02
Free cash flow yield
-2.020.73-0.04-0.04-0.25
Debt to equity
1.811.280.830.140.2
Debt to assets
0.430.380.340.110.14
Net debt to EBITDA
9.7714.397.76-9.14-4.06
Current ratio
1.010.941.559.395.33
Interest coverage
1.78-0.120.372.451.85
Income quality
-10.02-4.79-6.46-0.977.75
Dividend Yield
0000.010
Payout ratio
0000.570
Sales general and administrative to revenue
0.110.130.20.210.21
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
0.79-0.240.591.811.07
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
0000.030.02
Graham number
1.573.892.063.623.36
ROIC
0.0500.010.020.01
Return on tangible assets
0-0.040.010.010.01
Graham Net
-5.5-3.26-1.93.071.1
Working capital
1.54M-6.34M48.92M294.38M184.3M
Tangible asset value
124.67M137.55M182.71M447.39M398.5M
Net current asset value
-117.77M-79.34M-16.46M248.63M125.92M
Invested capital
1.811.280.830.140.2
Average receivables
42.98M34.32M22.8M37.34M68.28M
Average payables
18.92M16.24M13.34M4.79M3.48M
Average inventory
22.04M10.94M10.86M1.55M897K
Days sales outstanding
178.1365.4119.76231.03386.17
Days payables outstanding
63.8987.8540.1725.2223.23
Days of inventory on hand
14.0882.6916.064.497.69
Receivables turnover
2.055.583.051.580.95
Payables turnover
5.714.169.0914.4715.71
Inventory turnover
25.924.4122.7381.2147.44
ROE
0.02-0.120.020.020.02
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 History 2022-09-302022-12-312023-03-312023-06-30 2023-09-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
0.440.680.220.590.25
Net income per share
0.050.08-0.010.15-0.17
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
1.871.781.341.231.23
Book value per share
5.175.945.855.955.73
Tangible book value per share
5.776.616.546.66.41
Share holders equity per share
5.175.945.855.955.73
Interest debt per share
0.991.191.21.071.03
Market cap
330.72M272.44M255.47M216.92M173.36M
Enterprise value
271.47M235.93M257.72M217.8M172.29M
P/E ratio
27.9714.08-103.856.5-4.62
Price to sales ratio
11.456.6819.846.4112.43
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
0.980.760.760.640.54
PTB ratio
0.980.760.760.640.54
EV to sales
9.45.7820.026.4312.35
Enterprise value over EBITDA
51.8343.48-85.8277.18224.05
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
0.010.0200.04-0.05
Free cash flow yield
-0.02-0.03-0.09-0.01-0.03
Debt to equity
0.190.20.210.180.18
Debt to assets
0.140.140.140.130.13
Net debt to EBITDA
-11.31-6.73-0.750.31-1.39
Current ratio
6.235.334.835.485.4
Interest coverage
4.413.56-22.5800
Income quality
-1.76-1.6238.5800
Dividend Yield
00000
Payout ratio
00000
Sales general and administrative to revenue
0.120.160.340.160.5
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
2.293.281.194.424.64
ROIC
0.010.01-0.010.01-0.01
Return on tangible assets
0.010.0100.02-0.02
Graham Net
1.151.180.540.650.6
Working capital
177.77M184.3M167.03M187.29M173.99M
Tangible asset value
378.75M398.5M375.61M377.74M360.68M
Net current asset value
124.29M125.92M105.6M130.2M119.78M
Invested capital
0.190.20.210.180.18
Average receivables
46.07M69.44M82.61M82.75M81.44M
Average payables
4.63M5.08M4.77M5.64M4.25M
Average inventory
1.51M832.5K916.5K1.22M1.94M
Days sales outstanding
164.29189.99552.84229.78493.39
Days payables outstanding
28.9110.9847.1522.834.1
Days of inventory on hand
2.063.645.057.6422.57
Receivables turnover
0.550.470.160.390.18
Payables turnover
3.118.21.913.952.64
Inventory turnover
43.7624.7517.8211.783.99
ROE
0.010.0100.02-0.03
Capex per share
00000

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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