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ReneSola Ltd is currently in a long term downtrend where the price is trading 24.3% below its 200 day moving average.
From a valuation standpoint, the stock is 72.2% cheaper than other stocks from the Technology sector with a price to sales ratio of 3.8.
ReneSola Ltd's total revenue sank by 63.3% to $10M since the same quarter in the previous year.
Its net income has increased by 119.3% to $2M since the same quarter in the previous year.
Finally, its free cash flow grew by 24.2% to $-7M since the same quarter in the previous year.
Based on the above factors, ReneSola Ltd gets an overall score of 3/5.
| Industry | Solar |
|---|---|
| Exchange | F |
| CurrencyCode | EUR |
| ISIN | US75971T3014 |
| Sector | Technology |
| Beta | 1.75 |
|---|---|
| Market Cap | 57M |
| PE Ratio | None |
| Target Price | 12.3 |
| Dividend Yield | None |
Emeren Group Ltd, together with its subsidiaries, develops, builds, and sells solar power projects. It owns and operates 3 GW pipeline of projects and independent power producer assets, as well as a 10 GWh pipeline of storage pipeline. The company develops community solar gardens; and sells project rights. In addition, it engages in engineering design; procurement of solar modules; balance-of-system components and other components; and construction contracting and management services. Further, the company generates and sells electricity. It operates in China, the United States, the United Kingdom, Germany, France, Poland, Italy, and Hungary. The company was formerly known as ReneSola Ltd and changed its name to Emeren Group Ltd in January 2023. Emeren Group Ltd was founded in 2005 and is headquartered in Norwalk, Connecticut.
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