SOL - ReneSola Ltd

NYSE - Nasdaq Real Time Price. Currency in USD
1.5200
+0.0200 (+1.33%)
At close: 3:59PM EST
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Previous Close1.5000
Open1.4700
Bid1.2100 x 1200
Ask0.0000 x 1000
Day's Range1.4801 - 1.5400
52 Week Range0.8600 - 2.1100
Volume37,835
Avg. Volume98,970
Market Cap73.116M
Beta (3Y Monthly)2.08
PE Ratio (TTM)N/A
EPS (TTM)-0.0850
Earnings DateNov 25, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.30
  • PR Newswire

    ReneSola and Bank of New York Mellon Agree to Waive Depositary Service Fee for Shareholders

    SHANGHAI , Nov. 22, 2019 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") ( www.renesolapower.com ) (NYSE: SOL), a leading fully integrated solar project developer, today ...

  • Eskom S.Africa CEO Appointment Met With Surprise, Skepticism
    Bloomberg

    Eskom S.Africa CEO Appointment Met With Surprise, Skepticism

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterAfter months of speculation and delays, South Africa named Andre de Ruyter as chief executive officer of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.De Ruyter, 51, has considerable corporate experience in the country, though not at state-owned companies. His appointment comes at a time when Eskom Holdings SOC Ltd. is undergoing a transformation that will require technical and financial knowledge as well as an ability to deal with the government and labor unions.The appointee, currently CEO of packaging firm Nampak Ltd., will take up the post on Jan. 15, the Department of Public Enterprises said in a statement Monday. The state-owned power company has been looking for a new CEO since Phakamani Hadebe in July became the 10th person to vacate the post in as many years.“The market is going to have to know him better and understand what qualities he is to bring to the table,” said Jones Gondo, a credit research analyst at Nedbank Group Ltd. in Johannesburg. “The market had not anticipated him to be one of the slated candidates. At least now we can possibly move on to the substantive issues.”Yields RiseThe 2028 yields climbed five basis points on Tuesday to 7.09%, the highest on a closing basis since Sept. 12, after rising nine basis points yesterday. Its 2021 debt jumped 20 basis points to 5.35% on Tuesday morning.The loss-making utility has 450 billion rand ($30 billion) of debt and is struggling to fix aging power stations and correct defects at new ones. Saving the business is a key goal of the government, which is sustaining it with 138 billion rand of bailouts over the next three years alone.The government had shortlisted three candidates for the position of CEO, including former LNG Canada CEO Andy Calitz and Jacob Maroga, who was Eskom CEO from 2007 to 2009. Media speculation about who the third person was didn’t include De Ruyter, who may face push back from labor unions that would have preferred a black candidate.“It is a surprise to me, his name was never mentioned,” said David Shapiro, deputy chairman of Sasfin Securities Ltd. in Johannesburg. “Let’s hope he has the courage to do what he has to at Eskom.”De Ruyter has served as Nampak CEO since 2014. His role overlapped with Finance Minister Tito Mboweni’s chairmanship of the company, which began in 2010 and ended in 2018.Prior to his role at Nampak, De Ruyter spent more than two decades at petrochemical giant Sasol Ltd. in a number of senior management roles. He’s overseen work in the U.S., Germany, China and African nations including Nigeria and Angola, the department said.“I would like to thank Mr. De Ruyter for not only accepting this position at a difficult time for Eskom, but, given Eskom’s current financial situation, also agreeing to a lower compensation package than the position currently pays,” the department said.During De Ruyter’s time at Nampak, the value of the company dropped 82% to 5.07 billion rand as it had to contend with weaker growth in South Africa, stranded cash in Angola, Nigeria and Zimbabwe, and delays selling its glass business.Over the five years, De Ruyter pocketed 21.5 million rand of bonuses, according to data compiled by Bloomberg. His compensation last year came to 16.5 million rand, including an 8.8 million rand bonus, even as the company’s share price sank 15%.Given Eskom’s financial difficulties, De Ruyter has accepted a compensation package that is lower than “what the position currently pays,” the department said, without giving details.De Ruyter has “significant” managerial experience in the industrial and energy sectors, as well as familiarity with managing labor unions, another challenge the head of the utility will face, according to Darias Jonker, a London-based director at Eurasia Group Ltd.“His lack of experience at Eskom itself puts him on a steep learning curve, while the absence of political allegiances means he is unlikely to be expected to fight any of the tough political battles the position also demands,” Jonker said in a reply to questions. “It is clear that the Ramaphosa administration wants AdR to focus on management, not politics.”The utility’s biggest labor union said it wasn’t aware that De Ruyter was a candidate and didn’t approve of the appointment.“His credentials are questionable,” said Paris Mashego, the energy coordinator at the National Union of Mineworkers. “He has destroyed Nampak and as such he will not receive our support.”(Updates bond yields in fifth paragraph)\--With assistance from Loni Prinsloo and Antony Sguazzin.To contact the reporters on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net;Paul Burkhardt in Johannesburg at pburkhardt@bloomberg.netTo contact the editors responsible for this story: Justin Carrigan at jcarrigan@bloomberg.net, ;James Herron at jherron9@bloomberg.net, Paul Richardson, Liezel HillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    South Africa Names Andre de Ruyter as Eskom CEO

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterSouth Africa appointed Andre de Ruyter as chief executive officer of cash-strapped power utility Eskom Holdings SOC Ltd.De Ruyter will start on Jan. 15, the Department of Public Enterprises said in an emailed statement Monday. He spent more than 20 years at Sasol Ltd. and is currently the CEO of Nampak Ltd.To contact the reporter on this story: Ana Monteiro in Johannesburg at amonteiro4@bloomberg.netTo contact the editors responsible for this story: Rene Vollgraaff at rvollgraaff@bloomberg.net, Hilton ShoneFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Canadian Solar Sells 370 MWp Solar Project to KEPCO & Sprott
    Zacks

    Canadian Solar Sells 370 MWp Solar Project to KEPCO & Sprott

    Canadian Solar (CSIQ) is on track to expand its footprint in the Mexico solar market.

  • Is Renesola (SOL) Outperforming Other Oils-Energy Stocks This Year?
    Zacks

    Is Renesola (SOL) Outperforming Other Oils-Energy Stocks This Year?

    Is (SOL) Outperforming Other Oils-Energy Stocks This Year?

  • Moody's

    Growthpoint Properties International -- Moody's takes action on five South African corporates following sovereign outlook change

    Dubai, November 07, 2019 -- Moody's Investors Service ("Moody's") has today taken rating actions on five South African corporates. These rating actions follow Moody's sovereign outlook change, on 1 November, of the Government of South Africa's ratings to negative from stable and affirmation of the Baa3 long-term foreign-currency and local-currency issuer ratings.

  • PR Newswire

    ReneSola to Release Third Quarter 2019 Financial Results on November 25, 2019

    SHANGHAI , Nov. 5, 2019 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") ( www.renesolapower.com ) (NYSE: SOL), a leading fully integrated solar project developer, announced ...

  • The Zacks Analyst Blog Highlights: Tesla, SunPower, Sunnova Energy and ReneSola
    Zacks

    The Zacks Analyst Blog Highlights: Tesla, SunPower, Sunnova Energy and ReneSola

    The Zacks Analyst Blog Highlights: Tesla, SunPower, Sunnova Energy and ReneSola

  • PR Newswire

    ReneSola Announces Notice of Annual General Meeting

    SHANGHAI, Oct. 31, 2019 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (SOL), a leading fully integrated solar project developer, today announced that its annual general meeting (the "AGM") will be held at the office of Kirkland & Ellis International LLP at 11th Floor, HSBC Building, Shanghai IFC, 8 Century Avenue, Pudong New District, Shanghai, China at 2:00 p.m. (Beijing time) on December 16, 2019. Copies of the notice of the AGM, proxy form, poll card and annual report are available on ReneSola's investor relations website at http://ir.renesolapower.com. As a resolution of shareholders, to receive, consider and approve the consolidated financial statements of the Company for the year ended 31 December 2018, together with the reports of the auditors thereon.

  • Will Solar Glass Roof Draw in Cash for Tesla?
    Zacks

    Will Solar Glass Roof Draw in Cash for Tesla?

    California's wildfire and power cuts have encouraged residents to look at solar power as an alternative. Tesla's Solar Glass roof seems to be perfectly timed, will it outshine?

  • PR Newswire

    Sasol Full Year Financial Results to 30 June 2019 and LCCP Update

    JOHANNESBURG , Oct. 28, 2019 /PRNewswire/ -- Financial performance in context Headline earnings per share (HEPS) up 12% to R30,72 Core headline earnings 1 per share (CHEPS) up 5% to R38,13 Earnings Before ...

  • PR Newswire

    SOL: Sasol Limited - Outcomes of the Independent Board Review and Executive Transition Plan

    JOHANNESBURG, Oct. 28, 2019 /PRNewswire/ -- Following the publication of revised guidance for the Lake Charles Chemicals Project (LCCP) on 22 May 2019, the Board of Directors (Board) of the Company commissioned an independent review (the Review), which was conducted by global consulting firms at the direction of external legal counsel. The Board also remains comfortable that the principal factors for the cost increase as identified in the 22 May 2019 market guidance are sound, and that criminal conduct is not one of those factors.

  • PR Newswire

    Sasol Publishes Production and Sales Metrics for the Three Months Ended 30 September 2019

    JOHANNESBURG , Oct. 28, 2019 /PRNewswire/ -- Sasol has published its production and sales metrics for the three months ended 30 September 2019 on the Company's website at www.sasol.com , under the Investor ...

  • Bear of the Day: First Solar (FSLR)
    Zacks

    Bear of the Day: First Solar (FSLR)

    Bear of the Day: First Solar (FSLR)

  • ReneSola (SOL) Reports Q3 Preliminary Results, Revenues Up
    Zacks

    ReneSola (SOL) Reports Q3 Preliminary Results, Revenues Up

    ReneSola (SOL) reported preliminary unaudited results for the third quarter 2019; Revenue improves courtesy of its project sale and rising usage of solar panels globally.

  • New Strong Buy Stocks for October 17th
    Zacks

    New Strong Buy Stocks for October 17th

    New Strong Buy Stocks for October 17th

  • ReneSola (SOL) Inks Deal to Sell Solar Projects in Hungary
    Zacks

    ReneSola (SOL) Inks Deal to Sell Solar Projects in Hungary

    ReneSola (SOL) announces divestiture of 13.9 MW of Hungarian portfolio of small-scale DG projects to Obton, the company is poised to gain from rising usage of solar panels on a global scale.

  • PR Newswire

    ReneSola Provides Third Quarter 2019 Preliminary Results

    SHANGHAI , Oct. 15, 2019 /PRNewswire/ --  ReneSola Ltd ("ReneSola" or the "Company") ( www.renesolapower.com ) (NYSE: SOL), a leading fully integrated solar project developer, today ...

  • PR Newswire

    SOL: Sasol Limited - Timetable for Announcement of Outcome of Independent Board Review, Release of 2019 Annual Financial Results and Date of Annual General Meeting

    JOHANNESBURG, Oct. 15, 2019 /PRNewswire/ -- Sasol shareholders are referred to the Company's announcements on 16 August 2019 and 6 September 2019 regarding the delay in the release of Sasol's annual results for the year ended 30 June 2019 (2019 financial results) and related year-end publications to allow for the completion of the independent review commissioned by the Sasol board of directors (the Board) in May 2019 (the Board Review). The report from the Board Review is complete and the Board will now consider the findings and determine any appropriate steps arising from these. The Company will release its 2019 financial results as well as its 2019 annual financial statements and other related year-end publications on Monday, 28 October 2019.

  • PR Newswire

    ReneSola Signs Agreement to Sell 13.9MW of DG Projects in Hungary

    SHANGHAI, Oct. 14, 2019 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (SOL), a leading fully integrated solar project developer, today announced that it had entered into an agreement to sell a portfolio of small-scale DG projects located in Hungary to Obton, a leading international solar investment company. Mr. Anders Marcus, CEO and Co-founder of the Obton Group, said, "We are excited to collaborate with a strong partner like ReneSola. ReneSola has demonstrated its ability to manage the transaction professionally and complete it in a timely manner.

  • Canadian Solar to Build 394MWp Solar Projects in Brazil
    Zacks

    Canadian Solar to Build 394MWp Solar Projects in Brazil

    Canadian Solar (CSIQ) is set to construct three solar projects in Brazil, wherein its high efficiency bifacial BiHiKu modules will be installed.

  • ReneSola Inks Deal to Divest 21MW China Rooftop DG Projects
    Zacks

    ReneSola Inks Deal to Divest 21MW China Rooftop DG Projects

    ReneSola (SOL) agrees to sell 11 rooftop and three small-scale DG projects in China.

  • ReneSola Sells Polish Solar Portfolio to Aberdeen Standard
    Zacks

    ReneSola Sells Polish Solar Portfolio to Aberdeen Standard

    Aberdeen Standard Investments buys ReneSola's (SOL) portfolio of ground-mounted solar farms in Poland.

  • PR Newswire

    ReneSola Signs Agreements to Sell 22.3MW of China DG Projects

    SHANGHAI , Oct. 9, 2019 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") ( www.renesolapower.com ) (NYSE: SOL), a leading fully integrated solar project developer, today announced ...

  • ReneSola Receives $11M Equity Investment From Shah Capital
    Zacks

    ReneSola Receives $11M Equity Investment From Shah Capital

    ReneSola (SOL) intends to allocate the net proceeds from the $11-million transaction to further expand its global project development activities.