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ReneSola (SOL) Jumps: Stock Rises 7%

·2 min read

ReneSola Ltd SOL was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 204.7% in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

ReneSola currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Renesola Ltd. Price

Renesola Ltd. Price
Renesola Ltd. Price


Renesola Ltd. price | Renesola Ltd. Quote

Investors interested in the Solar industry may consider Azure Power Global Ltd. AZRE, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Renesola Ltd. (SOL) : Free Stock Analysis Report
 
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