News stories about Renesola (NYSE:SOL) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Renesola earned a news impact score of 0.12 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 46.9046211812663 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Separately, Roth Capital raised shares of Renesola from a “sell” rating to a “neutral” rating and set a $3.00 price objective for the company in a research report on Monday, October 16th.
Shares of Renesola (NYSE SOL) opened at $3.19 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 2.06. Renesola has a 1 year low of $2.12 and a 1 year high of $4.10.
Renesola (NYSE:SOL) last issued its quarterly earnings data on Wednesday, September 27th. The semiconductor company reported ($1.57) earnings per share (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 firm had revenue of $151.63 million during the quarter, compared to analyst estimates of $180.70 million. equities analysts expect that Renesola will post -2.68 EPS for the current fiscal year.
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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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