ReneSola Another Solar Power Stock with Potential

ReneSolaReneSola Ltd. (NYSE: SOL) is a growing energy company that specializes in solar wafers, the thin sheets of silicon material used in solar panels. The company has huge manufacturing capacity equivalent to 378 megawatts of energy devices per year. Based in China, stock is traded on the New York Stock Exchange and the company serves wholesale clients around the world.

ReneSola stock suffered during the volatility of 2018, but its momentum has increased this year. Stock is well below its one-year peak, which could allow for some significant gains as confidence returns to the market. ReneSola could also benefit from an improving trade relationship between the U.S. and China. Easing of trade tariffs could open a large market for ReneSola in the United States. Recent reports suggest that both nations are close to signing a new long-term trade agreement.

The company beat analyst expectations last month when it increased its profits per share. In the last full fiscal reporting year, the company increased sales revenue by 28.60%, a great sign for what could be a profitable 2019.

Key Data:

  • 1 Year Price Growth:      -29.88%
  • YTD Price Growth:          01%
  • 3 Month Price Growth:   74%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

You May Also Like

About the Author: Writocity