ReneSola (SOL) Upgraded at ValuEngine

ReneSola (NYSE:SOL) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, February 4th.

Separately, Zacks Investment Research upgraded shares of ReneSola from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research report on Saturday, January 5th.

Shares of SOL stock traded up $0.06 during trading hours on Monday, hitting $1.25. 21,698 shares of the company’s stock traded hands, compared to its average volume of 29,484. ReneSola has a 12 month low of $1.15 and a 12 month high of $2.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $73.92 million, a P/E ratio of 9.62 and a beta of 2.13.

A hedge fund recently raised its stake in ReneSola stock. Renaissance Technologies LLC boosted its stake in ReneSola Ltd. (NYSE:SOL) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 673,760 shares of the semiconductor company’s stock after purchasing an additional 23,200 shares during the quarter. Renaissance Technologies LLC owned about 1.77% of ReneSola worth $1,718,000 as of its most recent SEC filing. 11.95% of the stock is owned by hedge funds and other institutional investors.

About ReneSola

ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: solar power project development, EPC services, and electricity revenue generation. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes engineering design, procurement of solar modules, balance-of-system and other components, and construction contracting and management services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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