Renesola (NYSE:SOL) Receiving Somewhat Positive Press Coverage, Analysis Finds

Media stories about Renesola (NYSE:SOL) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Renesola earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.5614458039706 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Separately, Roth Capital raised shares of Renesola from a “sell” rating to a “neutral” rating and set a $3.00 price target for the company in a research note on Monday, October 16th.

Renesola (NYSE:SOL) traded up 1.75% during midday trading on Friday, hitting $2.91. 47,581 shares of the stock were exchanged. The company’s market cap is $58.35 million. Renesola has a 12 month low of $0.59 and a 12 month high of $3.38. The firm’s 50 day moving average price is $2.39 and its 200 day moving average price is $2.50.

Renesola (NYSE:SOL) last posted its quarterly earnings data on Wednesday, September 27th. The semiconductor company reported ($1.57) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.76) by ($0.81). Renesola had a negative net margin of 13.84% and a negative return on equity of 187.64%. The business had revenue of $151.63 million during the quarter, compared to analysts’ expectations of $180.70 million. On average, equities research analysts forecast that Renesola will post ($2.68) earnings per share for the current fiscal year.

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About Renesola

ReneSola Ltd is a holding company. The Company is a brand and technology provider of energy-efficient products based in China. The Company’s segments include solar power projects. The solar power projects segment involves sales of solar power projects and electricity generation revenue of certain project assets it owns and operates.

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