ReneSola (SOL) Earning Somewhat Favorable News Coverage, Study Finds

News headlines about ReneSola (NYSE:SOL) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ReneSola earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.891612814863 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have impacted Accern’s scoring:

Get ReneSola alerts: ReneSola Sells North Carolina Solar Project To Greenbacker (solarindustrymag.com) ReneSola (SOL) Rating Increased to Neutral at Roth Capital (americanbankingnews.com) ReneSola (SOL) Q1 Earnings in Line, Revenues Top Estimates (zacks.com) ReneSola’s (SOL) CEO Xianshou Li on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com) ReneSola (SOL) Releases Earnings Results (americanbankingnews.com)

Shares of ReneSola traded up $0.08, hitting $2.76, during trading on Friday, Marketbeat.com reports. The stock had a trading volume of 124,969 shares, compared to its average volume of 108,565. The firm has a market capitalization of $102.11 million, a PE ratio of 21.23 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. ReneSola has a 12 month low of $2.12 and a 12 month high of $3.79.

ReneSola (NYSE:SOL) last posted its quarterly earnings results on Wednesday, June 20th. The semiconductor company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.13. The company had revenue of $44.76 million during the quarter, compared to analysts’ expectations of $29.80 million. sell-side analysts predict that ReneSola will post 0.04 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on SOL shares. ValuEngine upgraded shares of ReneSola from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Roth Capital lowered shares of ReneSola from a “neutral” rating to a “sell” rating and set a $2.00 target price for the company. in a report on Monday, June 4th. Finally, Zacks Investment Research lowered shares of ReneSola from a “hold” rating to a “sell” rating in a report on Friday, May 4th.

ReneSola Company Profile

ReneSola Ltd, through its subsidiaries, manufactures and sells various solar power products in the People's Republic of China and internationally. The company operates through three segments: Wafer, Cell and Module, and Solar Power Projects. It provides virgin polysilicon, monocrystalline, and multicrystalline solar wafers; and photovoltaic cells.