ReneSola Ltd (SOL) is priced at $5.50 after the most recent trading session. At the very opening of the session, the stock price was $5.25 and reached a high price of $5.47, prior to closing the session it reached the value of $5.41. The stock touched a low price of $4.96.
Recently in News on November 19, 2020, ReneSola Power and Innova to Form Joint Venture to Develop Solar Projects in the UK. ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, and Innova, a company that invests in and operate a diversified portfolio of UK renewable energy assets, with a focus on utility-scale ground mounted and commercial roof top solar installations, located at agricultural, industrial and commercial sites, today announced that they entered into a strategic partnership agreement to co-develop utility-scale projects in the UK. This is the second JV Renesola Power has formed in the UK in recent weeks. It will further strengthen the Company’s project pipeline in Europe and enable it to achieve its goal of reaching 1GW. You can read further details here
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ReneSola Ltd had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.65 on 11/20/20, with the lowest value was $0.85 for the same time period, recorded on 03/16/20.
ReneSola Ltd (SOL) full year performance was 260.67%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, ReneSola Ltd shares are logging 0.55% during the 52-week period from high price, and 544.64% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.85 and $5.47.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 952957 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the ReneSola Ltd (SOL) recorded performance in the market was 282.33%, having the revenues showcasing 173.23% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 224.08M, as it employees total of 222 workers.
ReneSola Ltd (SOL) in the eye of market guru’s
During the last month, 0 analysts gave the ReneSola Ltd a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.43, with a change in the price was noted +4.16. In a similar fashion, ReneSola Ltd posted a movement of +340.98% for the period of last 100 days, recording 1,345,589 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SOL is recording 0.93 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.48.
ReneSola Ltd (SOL): Stocks Technical analysis and Trends
Raw Stochastic average of ReneSola Ltd in the period of last 50 days is set at 93.40%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 89.93%. In the last 20 days, the company’s Stochastic %K was 89.65% and its Stochastic %D was recorded 84.94%.
If we look into the earlier routines of ReneSola Ltd, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 282.33%. Additionally, trading for the stock in the period of the last six months notably improved by 468.22%, alongside a boost of 260.67% for the period of the last 12 months. The shares increased approximately by 38.72% in the 7-day charts and went down by 48.63% in the period of the last 30 days. Common stock shares were driven by 173.23% during last recorded quarter.