SOL:NYE-Renesola Ltd. of Beneficial Interest (USD)

EQUITY | Solar | New York Stock Exchange

Last Closing

USD 1.48

Change

0.00 (0.00)%

Market Cap

USD 0.08B

Volume

0.23M

Analyst Target

USD 3.17
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

ReneSola Ltd along with its subsidiaries is engaged in the manufacture and sale of solar power products including virgin polysilicon, monocrystalline and multi crystalline solar wafers and photovoltaic (PV) cells and modules.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2024-06-23 )

Largest Industry Peers for Solar

Symbol Name Price(Change) Market Cap
JKS JinkoSolar Holding Company Lim..

+0.44 (+2.09%)

USD 1.16B
NOVA Sunnova Energy International I..

+0.61 (+10.34%)

USD 0.75B
SPRU Spruce Power Holding Corp

+0.01 (+0.29%)

USD 0.06B

ETFs Containing SOL

MVE:AU VanEck Vectors Australian.. 2.61 % 0.00 %

+0.03 (+0.08%)

USD 0.28B
FLZA 0.00 % 0.19 %

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HZAD:LSE 0.00 % 0.00 %

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HZAR:LSE 0.00 % 0.00 %

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HZAR:PA 0.00 % 0.00 %

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N/A
H4ZQ:F 0.00 % 0.00 %

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H4ZQ:XETRA 0.00 % 0.00 %

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Market Performance

  Market Performance vs. Industry/Classification (Solar) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -45.79% 50% F 2% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -45.79% 50% F 3% F
Trailing 12 Months  
Capital Gain -59.78% 50% F 2% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -59.78% 50% F 2% F
Trailing 5 Years  
Capital Gain 16.54% 100% F 55% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 16.54% 100% F 44% F
Average Annual (5 Year Horizon)  
Capital Gain 149.73% 100% F 98% N/A
Dividend Return 149.73% 100% F 98% N/A
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 378.83% 25% F 2% F
Risk Adjusted Return 39.52% 100% F 61% D-
Market Capitalization 0.08B 50% F 23% F

Key Financial Ratios

  Ratio vs. Industry/Classification (Solar) Ratio vs. Market (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 2.90 67% 37%
Price/Book Ratio 0.36 75% 96%
Price / Cash Flow Ratio -3.05 75% 89%
Price/Free Cash Flow Ratio 20.71 75% 13%
Management Effectiveness  
Return on Equity -4.17% 75% 22%
Return on Invested Capital -0.99% 75% 22%
Return on Assets -0.76% 75% 18%
Debt to Equity Ratio N/A N/A N/A

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector