In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Renesola (SOL – Research Report), with a price target of $12.00. The company’s shares closed last Friday at $4.45.
According to TipRanks, Dayal is a top 100 analyst with an average return of 41.1% and a 39.57% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Renesola, Pioneer Power Solutions, and Electrovaya.
Currently, the analyst consensus on Renesola is a Strong Buy with an average price target of $9.67, implying an 117.30% upside from current levels. In a report released on October 13, Raymond James also maintained a Buy rating on the stock with a $9.00 price target.
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The company has a one-year high of $9.72 and a one-year low of $3.46. Currently, Renesola has an average volume of 733.9K.
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ReneSola Ltd. engages in the manufacture of solar wafers and modules. It operates through the following segments: Wafer, Cell and Module, and Solar Power Projects. The Wafer segment includes manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services. The Cell and Module segment involves in the manufacture and sale of PV cells and modules. The Solar Power Projects segment offers solar power project development, EPC services, and electricity. The company was founded on March 17, 2006 and is headquartered in Putuo District, China.
Read More on SOL:
- ReneSola acquires Emeren, terms undisclosed
- ReneSola Power Announces Acquisition of Emeren
- ReneSola closes sale of 70 MW portfolio of solar development projects
- ReneSola Power Acquires 50 MWp Fully Operational Solar Farm in the United Kingdom and Commences its IPP business in Europe
- ReneSola acquires 50 MWp fully operational solar farm in UK
