ReneSola (NYSE:SOL) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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

ReneSola stock opened at $1.61 on Tuesday. The stock’s 50 day moving average price is $1.49 and its 200 day moving average price is $1.29. The firm has a market capitalization of $60.94 million, a PE ratio of 161.00 and a beta of 2.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. ReneSola has a one year low of $0.86 and a one year high of $2.11.

Several research firms recently commented on SOL. ValuEngine lowered ReneSola from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research lowered ReneSola from a “buy” rating to a “hold” rating and set a $1.75 price target on the stock. in a research report on Tuesday, November 19th.

In related news, insider Barlow Todd purchased 21,510 shares of ReneSola stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased 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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