Roth Capital Upgrades ReneSola Ltd. (SOl) to Buy

January 5, 2022 8:35 AM EST
Get Alerts SOl Hot Sheet
Price: $4.67 -1.68%

Rating Summary:
    6 Buy, 3 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 13 | New: 10
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Roth Capital analyst Philip Shen upgraded ReneSola Ltd. (NYSE: SOl) from Neutral to Buy with a price target of $10.00 (from $7.70).

The analyst comments "Despite a mixed Q3 and weak Q4 guide, we expect healthy growth ahead. The stock, in our view, has been egregiously hit by a recent short report, which we believe misrepresents and misunderstands SOL's business. Given the current margin of safety (~$4/share of cash and ~$6/share of BV vs. the current price of ~$6/share), we see an attractive entry point here. As a result, we upgrade SOL to a Buy and raise our PT to $10.00 from $7.70"

For an analyst ratings summary and ratings history on ReneSola Ltd. click here. For more ratings news on ReneSola Ltd. click here.

Shares of ReneSola Ltd. closed at $6.13 yesterday.

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