Brokerages Anticipate ReneSola Ltd. (SOL) to Post ($0.11) Earnings Per Share
ReneSola Ltd. (NYSE:SOL) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Analysts have set a one year consensus target price of $1.75 for the company and are forecasting that the company will post ($0.11) EPS for the current quarter, according to Zacks. Zacks has also assigned ReneSola an industry rank of 25 out of 255 based on the ratings given to related companies.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of ReneSola from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. ValuEngine upgraded shares of ReneSola from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.
ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: solar power project development, EPC services, and electricity revenue generation. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes engineering design, procurement of solar modules, balance-of-system and other components, and construction contracting and management services.
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