ReneSola (SOL) Scheduled to Post Earnings on Tuesday
ReneSola (NYSE:SOL) is scheduled to be posting its quarterly earnings results on Tuesday, August 12th. Individual interested in participating in the company’s earnings conference call can do so using this link.
ReneSola (NYSE:SOL) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.06. The company had revenue of $415.00 million for the quarter, compared to the consensus estimate of $425.54 million. During the same quarter in the prior year, the company posted ($0.45) earnings per share. The company’s quarterly revenue was up 46.0% on a year-over-year basis. On average, analysts expect ReneSola to post $-0.04 EPS for the current fiscal year and $0.45 EPS for the next fiscal year.
ReneSola (NYSE:SOL) opened at 2.61 on Monday. ReneSola has a one year low of $2.18 and a one year high of $6.00. The stock’s 50-day moving average is $2.64 and its 200-day moving average is $3.03. The company’s market cap is $265.4 million.
A number of research firms have recently commented on SOL. Analysts at Credit Suisse initiated coverage on shares of ReneSola in a research note on Friday, June 20th. They set an “underperform” rating on the stock. Analysts at Roth Capital downgraded shares of ReneSola from a “buy” rating to a “neutral” rating in a research note on Friday, May 30th.
ReneSola Ltd. (NYSE:SOL) is a manufacturer of solar wafers and producer of solar power products based in China.
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