ReneSola (SOL) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS
ReneSola (NYSE:SOL) issued its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.11, Analyst Ratings News reports. The company had revenue of $387.10 million for the quarter, compared to the consensus estimate of $401.43 million.
ReneSola (NYSE:SOL) opened at 2.84 on Tuesday. ReneSola has a 52-week low of $2.18 and a 52-week high of $6.00. The stock has a 50-day moving average of $2.63 and a 200-day moving average of $3.01. The company’s market cap is $288.8 million.
SOL has been the subject of a number of recent research reports. 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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