H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Emeren Group (SOL – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $3.47.
According to TipRanks, Dayal is a 5-star analyst with an average return of 25.9% and a 35.87% success rate. Dayal covers the Energy sector, focusing on stocks such as Vertex Energy, Orion Energy Systems, and Plug Power.
Emeren Group has an analyst consensus of Moderate Buy, with a price target consensus of $10.00.
See today’s best-performing stocks on TipRanks >>
SOL market cap is currently $209.2M and has a P/E ratio of 6.62.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
