Renesola (SOL) Earns Media Sentiment Score of 0.31
News articles about Renesola (NYSE:SOL) have been trending positive on Sunday, according to AlphaOne Sentiment. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Renesola earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned media headlines about the semiconductor company an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted AlphaOne Sentiment Analysis’s analysis:
- ReneSola Ltd. : Featured Company News – ReneSola Forms Special Committee to Evaluate CEO’s Non-binding Proposal and Strategic Alternatives (4-traders.com)
- ReneSola (SOL) Q1 Loss Narrower than Expected, Revenues Down (finance.yahoo.com)
- Edited Transcript of SOL earnings conference call or presentation 15-Jun-17 12:30pm GMT (finance.yahoo.com)
- ReneSola Assesses Transformation to Solar-Farm Builder (caixinglobal.com)
- ReneSola : reports 1Q loss (4-traders.com)
A number of brokerages have weighed in on SOL. ValuEngine cut shares of Renesola from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Credit Suisse Group raised shares of Renesola from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $5.00 to $4.00 in a report on Wednesday, March 29th. Finally, Zacks Investment Research raised shares of Renesola from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a report on Wednesday, March 22nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $3.33.
Shares of Renesola (NYSE:SOL) traded down 4.67% during mid-day trading on Friday, hitting $2.45. 116,434 shares of the company’s stock were exchanged. Renesola has a 52 week low of $0.59 and a 52 week high of $3.38. The firm has a 50 day moving average price of $2.58 and a 200-day moving average price of $1.90. The company’s market capitalization is $49.01 million.
Renesola (NYSE:SOL) last posted its quarterly earnings results on Thursday, June 15th. The semiconductor company reported ($1.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.08) by $0.08. Renesola had a negative return on equity of 70.70% and a negative net margin of 7.71%. The business had revenue of $156.68 million for the quarter, compared to analyst estimates of $143.76 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm’s quarterly revenue was down 39.9% on a year-over-year basis. On average, equities analysts anticipate that Renesola will post ($1.50) EPS for the current 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 wafer sales, cell and module sales, and solar power projects. The wafer sales segment involves the manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services.
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