ReneSola (NYSE:SOL) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday.
A number of other research firms have also recently weighed in on SOL. Roth Capital set a $3.00 price target on ReneSola and gave the company a “hold” rating in a research note on Thursday, December 21st. Zacks Investment Research cut ReneSola from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd.
ReneSola stock traded down $0.04 during midday trading on Monday, reaching $2.52. The company’s stock had a trading volume of 20,405 shares, compared to its average volume of 54,813. ReneSola has a fifty-two week low of $2.12 and a fifty-two week high of $3.79. The stock has a market cap of $97.50, a PE ratio of -1.47 and a beta of 2.17.
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ReneSola Ltd, through its subsidiaries, manufactures and sells various solar power products in the People's Republic of China and internationally. The company operates through three segments: Wafer, Cell and Module, and Solar Power Projects. It provides virgin polysilicon, monocrystalline, and multicrystalline solar wafers; and photovoltaic cells.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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