ReneSola (NYSE:SOL) Issues Quarterly Earnings Results

ReneSola (NYSE:SOL) posted its earnings results on Monday. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01, RTT News reports. During the same period last year, the firm posted $0.04 EPS.

Shares of NYSE SOL opened at $1.61 on Tuesday. ReneSola has a twelve month low of $0.86 and a twelve month high of $2.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $1.29. The stock has a market capitalization of $60.94 million, a PE ratio of 161.00 and a beta of 2.07.

Several equities research analysts have issued reports on SOL shares. Zacks Investment Research cut ReneSola from a “buy” rating to a “hold” rating and set a $1.75 target price for the company. in a research note on Tuesday, November 19th. ValuEngine cut ReneSola from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

In other news, insider Barlow Todd acquired 21,510 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average cost of $22.74 per share, with a total value of $489,158.91.

ReneSola Company Profile

ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: solar power project development, EPC services, and electricity revenue generation. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes engineering design, procurement of solar modules, balance-of-system and other components, and construction contracting and management services.

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Earnings History for ReneSola (NYSE:SOL)

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