Today: ReneSola Ltd. (SOL) to Release Quarterly Earnings on Tuesday

Today: ReneSola Ltd. (SOL) to Release Quarterly Earnings on Tuesday

ReneSola Ltd. (NYSE:SOL) will be issuing its Q316 quarterly earnings data on Tuesday, November 29th. Analysts expect the company to announce earnings of ($0.17) per share and revenue of $200.90 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

ReneSola Ltd. (NYSE:SOL) opened at 0.77 on Monday. ReneSola Ltd. has a 12-month low of $0.70 and a 12-month high of $1.95. The stock has a 50 day moving average price of $0.90 and a 200-day moving average price of $1.12. The firm has a market cap of $77.77 million, a price-to-earnings ratio of 2.95 and a beta of 2.88.

A hedge fund recently raised its stake in ReneSola stock. KCG Holdings Inc. boosted its position in ReneSola Ltd. (NYSE:SOL) by 164.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,877 shares of the company’s stock after buying an additional 55,897 shares during the period. KCG Holdings Inc. owned 0.09% of ReneSola worth $111,000 as of its most recent filing with the SEC. 11.56% of the stock is owned by institutional investors.

A number of research analysts recently commented on SOL shares. Roth Capital downgraded ReneSola from a “hold” rating to a “sell” rating in a report on Friday, August 5th. Credit Suisse Group AG set a $1.00 price target on ReneSola and gave the company a “sell” rating in a report on Thursday, August 18th. Zacks Investment Research raised ReneSola from a “sell” rating to a “hold” rating in a report on Tuesday, October 25th. Finally, TheStreet downgraded ReneSola from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th.

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