Roth Capital set a $3.00 price target on ReneSola (NYSE:SOL) in a research note published on Thursday, December 21st. The brokerage currently has a hold rating on the semiconductor company’s stock.
Shares of ReneSola (NYSE:SOL) opened at $3.06 on Thursday. The stock has a market cap of $116.97, a price-to-earnings ratio of -0.61 and a beta of 2.37. ReneSola has a fifty-two week low of $2.12 and a fifty-two week high of $3.79. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 2.06.
A hedge fund recently bought a new stake in ReneSola stock. Edmond DE Rothschild Holding S.A. bought a new position in ReneSola Ltd. (NYSE:SOL) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 71,600 shares of the semiconductor company’s stock, valued at approximately $175,000. Edmond DE Rothschild Holding S.A. owned 0.36% of ReneSola as of its most recent SEC filing. 9.01% of the stock is currently owned by institutional investors.
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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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