Renesola Ltd. (SOL) Scheduled to Post Earnings on Monday
Renesola Ltd. (NYSE:SOL) is scheduled to release its earnings data before the market opens on Monday, September 18th. Analysts expect Renesola to post earnings of ($0.76) per share for the quarter.
Renesola (NYSE:SOL) last posted its earnings results on Thursday, June 15th. The semiconductor company reported ($1.16) earnings per share for the quarter, missing the consensus estimate of ($1.08) by ($0.08). The business had revenue of $156.68 million for the quarter, compared to analysts’ expectations of $143.76 million. Renesola had a negative return on equity of 81.60% and a negative net margin of 7.71%. During the same quarter in the previous year, the firm earned $0.06 EPS. Renesola’s revenue for the quarter was down 39.9% compared to the same quarter last year. On average, analysts expect Renesola to post $-2.67 EPS for the current fiscal year and $-1.53 EPS for the next fiscal year.
Shares of Renesola Ltd. (NYSE:SOL) traded up 0.45% during midday trading on Friday, reaching $2.21. The company’s stock had a trading volume of 79,990 shares. Renesola Ltd. has a 1-year low of $2.12 and a 1-year high of $5.55. The company’s 50-day moving average price is $2.51 and its 200 day moving average price is $2.52. The firm’s market capitalization is $44.32 million.
A number of equities research analysts have weighed in on SOL shares. Roth Capital set a $2.00 price objective on Renesola and gave the company a “sell” rating in a research note on Saturday, June 17th. ValuEngine lowered Renesola from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.
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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 processing services.
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