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ReneSola Ltd (SOL)

NYSE - NYSE Delayed Price. Currency in USD
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8.20-0.15 (-1.80%)
At close: 4:00PM EDT

8.25 +0.05 (0.61%)
Pre-Market: 6:09AM EDT

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  • c
  • i
    Huge dip buyer in beaten down solar name Renesola
    Buyer 8000 $SOL 7/16 $30 calls for 17 cents
    someone is looking for this stock to more than triple in 3 month
  • G
    This company’s financial management is amazing. Their financial growth skills is one of the best in the market. They have never failed expectations. Extremely under-valued. Once more large investor companies catches wind of this stock. I wouldn’t be surprised if it starts catching up to CSIQ.
  • A
    Not sure what would cause the move but 9,588 July $30 call options traded today.
  • A
    I think solar development company SOL can recover from current $10 back to $25 in the next few months.

    SOL is a $650 million market cap solar company listed on NYSE. The stock rose last year from $2 to $25 as the company announced several joint ventures and small acquisitions. SOL announced a joint venture with Innova in the UK Nov 19, 2020, announced a joint venture with Eiffel Investments (where Eiffel will inject capital to fund growth) on January 5, 2021, acquired an energy storage business from Nova Development in November, 2020, and raised $45 million in new capital in 2020. SOL also raised $40 million with a direct placement on January 11, 2021 and raised an additional $250 million at $25 per share on January 28, 2012. (https://ir.renesolapower.com/news-releases?items_per_page=10&page=0).

    So ladies and gents, the company with $650 million market cap has raised over $290 million since January at a share price of $25 and likely has additional cash from sales of completed projects since the start of the year.

    SOL owns 175 megawatts of energy producing solar assets. Yes 149 of these are in China but did you know China started an carbon tariff this year? These assets produce $25 million of profits each year with almost no cost.

    SOL upgraded its pipeline of potential solar assets from 1,500 megawatts to 2.000 megawatts in February. The company should generate $130 million in sales in 2021 up from $74 million in 2020 and $120 million in 2019. New CEO and CFO brought into management in the past 2 years is focused on profitable growth and selling assets at the right prices. (see company news items for numerous completed projects sold recently).

    It's trading where it is because all solar stocks (and clean energy got whacked), first on Biden's infrastructure plan (which doesn't have much infrastructure) and as the entire sector sold off. Just look at TAN (clean energy ETF), or any of TANs components.

    The entire solar market is set to grow this year and next and as first quarter results come in expect to see the stocks rebound back up to January levels.

    Little SOL, with half its market cap in cash will follow, and outperform TAN and all its components on a percentage basis.

    Yes, of course I'm long the stock and some cheap $12.50 and $15 May call options.
  • R
    Great news
  • A
    Pre released 1q results
    Sales above $20 million guidance
    Gross margins above 15%, higher then 10-15% guidance
    Key also more than $350 million cash on balance sheet
  • J
    Man I cannot folking believe this stock is a fourth of its highest value just a few weeks back...thinking that this has to pop 400% for whoever bought at the top to break even is simply brutal...GLTA holding!!!
  • c
    Bought 10k shares under $9/share.
  • L
    This statement is from Renesola's web page explaining the third leg of the business model - it is written by some's 6th grade child.

    "Additionally, entering into development service agreement to offer third party with project development related services that specializes in the development, construction, operation, financing and maintenance of solar plants is another business that we are good at."
  • A
    shorts about to get crushed. (go ahead, give me thumbs down, but read the comments)
    We believe we are in a unique period in which there are excellent buying
    opportunities, driven by a combination of (1) a sector-wide pullback in stock
    prices primarily driven by technical rather than fundamental factors, (2) strong
    prospects for clean energy support as part of broader infrastructure legislation,
    (3) strong sales growth in certain verticals, such as energy storage and
    distributed energy, as well as (4) issues with respect to raw materials costs (e.g.
    steel and polysilicon) and component availability (e.g. components for inverters
    and availability of energy storage equipment).
    We continue to see opportunities to buy clean tech stocks that reflect modest
    growth after the continued sector sell-off. We believe the growth embedded in
    several Clean Tech stock prices is currently too low
  • m
    If you go on Renesola's website, try to get in touch with IR. Before was possible, I can see they newly modified the website. Now, it could be me. Post the link if you find it. Thanx.
  • m
    SOL is trading at $8.58 using its 200 DMA ($8.50) as its current support. With an accompanying RSI of 22 we have reached the bottom. Consider it to break upwards with tiny bit of news. Volume is needed though. I am holding shares under the water waiting for the sun to shine !
  • i
    Great News In The Conference.. All Leaders agreed to Expand Climate Change efforts....
    Will See This Stocks BACK TO THE $ 20s per Share....
  • f
    If NASDAQ hold green for the day, this will go DARK green!
  • A
    you would think Adit at HC Wainright would come out and reiterate his $15-$20 target on the stock since they placed shares at $25 in January.
  • R
    Hey guys how is your wonderful clean energy guy treating you.! I don’t call his name because yahoo will delete my message
  • c
    Who still believes?
  • T
    Thanh T
    It’s going to be a long summer for sure .