What Is So Great About ReneSola Ltd (SOL)?
ReneSola Ltd (NYSE:SOL) has a beta value of 2.29 and has seen 3.86 million shares traded in the last trading session. The company, currently valued at $642.39M, closed the last trade at $9.44 per share which meant it lost -$0.01 on the day or -0.11% during that session. The SOL stock price is -278.92% off its 52-week high price of $35.77 and 88.35% above the 52-week low of $1.10. If we look at the companys 10-day average daily trading volume, we find that it stood at 3.89 million shares traded. The 3-month trading volume is 2.37 million shares. The consensus among analysts is that ReneSola Ltd (SOL) is an Overweight stock at the moment, with a recommendation rating of 2.30. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.05. ReneSola Ltd (NYSE:SOL) trade information  Sporting -0.11% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 06/14/21 when the SOL stock price touched $9.44 or saw a rise of 11.78%. Year-to-date, ReneSola Ltd shares have moved -17.41%, while the 5-day performance has seen it change 3.40%. Over the past 30 days, the shares of ReneSola Ltd (NYSE:SOL) have changed 33.15%. Short interest in the company has seen 1.67 million shares shorted with days to cover at 1.05. Wall Street analysts have a consensus price target for the stock at $12.68, which means that the shares value could jump 25.55% from current levels. The projected low price target is $8.20 while the price target rests at a high of $15.00. In that case, then, we find that the current price level is -58.9% off the targeted high while a plunge would see the stock lose 13.14% from current levels. ReneSola Ltd (SOL) estimates and forecasts  Figures show that ReneSola Ltd shares have outperformed across the wider relevant industry. The companys shares have gained 71.32% over the past 6 months, with this year growth rate of 100.00%, compared to 12.60% for the industry. Revenue growth from the last financial year stood is estimated to be 33.10%. 3 analysts offering their estimates for the company have set an average revenue estimate of $20.63 million for the current quarter. 3 have an estimated revenue figure of $26.37 million for the next quarter concluding in Sep 2021. Year-ago sales stood $26.19 million and $9.75 million respectively for this quarter and the next, and analysts expect sales will shrink by -21.20% for the current quarter and 170.50% for the next. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 33.50% over the past 5 years. Earnings growth for 2021 is a modest 125.70% while over the next 5 years, the companys earnings are expected to increase by 15.00%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  SOL Dividends  ReneSola Ltd is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. ReneSola Ltd (NYSE:SOL)s Major holders  Insiders own 0.00% of the company shares, while shares held by institutions stand at 35.87% with a share float percentage of 35.87%. Investors are also buoyed by the number of investors in a company, with ReneSola Ltd having a total of 66 institutions that hold shares in the company. The top two institutional holders are Shah Capital Management with over 11.61 million shares worth more than $143.2 million. As of Mar 30, 2021, Shah Capital Management held 16.65% of shares outstanding. The other major institutional holder is Invesco Ltd., with the holding of over 5.83 million shares as of Mar 30, 2021. The firms total holdings are worth over $71.94 million and represent 8.37% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Invesco ETF TR II-Invesco Solar ETF. As of Apr 29, 2021, the former fund manager holds about 5.39% shares in the company for having 3.76 million shares of worth $36.23 million while later fund manager owns 1.68 million shares of worth $16.19 million as of Apr 29, 2021, which makes it owner of about 2.41% of companys outstanding stock.