ReneSola Ltd (SOL) is priced at $10.43 after the most recent trading session. At the very opening of the session, the stock price was $10.82 and reached a high price of $11.12, prior to closing the session it reached the value of $9.70. The stock touched a low price of $9.61.
Recently in News on December 23, 2020, ReneSola Power Announces $20.0 Million Registered Direct Offering. ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into securities purchase agreements with several institutional investors for the purchase and sale of approximately 2.105 million of American Depositary Shares (ADSs), each representing ten (10) ordinary shares, at a purchase price of $9.50 per ADS, in a registered direct offering. The registered direct offering is expected to close on or about December 28, 2020, subject to the satisfaction of customary closing conditions. 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 $12.00 on 12/22/20, with the lowest value was $0.85 for the same time period, recorded on 03/16/20.
ReneSola Ltd (SOL) full year performance was 573.33%
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 -13.10% during the 52-week period from high price, and 1122.20% 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 $12.00.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2122185 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 585.51%, having the revenues showcasing 370.87% 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 492.86M, as it employees total of 222 workers.
The Analysts eye on ReneSola Ltd (SOL)
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 3.78, with a change in the price was noted +8.95. In a similar fashion, ReneSola Ltd posted a movement of +570.06% for the period of last 100 days, recording 2,352,003 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 0.89 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.47.
Technical rundown of ReneSola Ltd (SOL)
Raw Stochastic average of ReneSola Ltd in the period of last 50 days is set at 83.61%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 78.71%. In the last 20 days, the company’s Stochastic %K was 82.27% and its Stochastic %D was recorded 87.49%.
Considering, the past performance 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 585.51%. Additionally, trading for the stock in the period of the last six months notably improved by 743.48%, alongside a boost of 573.33% for the period of the last 12 months. The shares increased approximately by 20.50% in the 7-day charts and went down by 82.67% in the period of the last 30 days. Common stock shares were driven by 370.87% during last recorded quarter.