Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Renesola (SOL) Share Price

Press coverage about Renesola (NYSE:SOL) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news 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 sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.8616455994932 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Separately, Roth Capital upgraded Renesola from a “sell” rating to a “neutral” rating and set a $3.00 price objective for the company in a research note on Monday, October 16th.

Shares of Renesola (SOL) opened at $3.15 on Monday. Renesola has a 12-month low of $2.12 and a 12-month high of $4.10. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.42 and a current ratio of 0.51.

Renesola (NYSE:SOL) last posted its earnings results on Wednesday, September 27th. The semiconductor company reported ($1.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.76) by ($0.81). Renesola had a negative net margin of 13.84% and a negative return on equity of 187.64%. The business had revenue of $151.63 million for the quarter, compared to analyst estimates of $180.70 million. research analysts predict that Renesola will post -2.68 earnings per share for the current year.

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About Renesola

ReneSola Ltd is a holding company. The Company is a brand and technology provider of energy-efficient products based in China. The Company’s segments include solar power projects. The solar power projects segment involves sales of solar power projects and electricity generation revenue of certain project assets it owns and operates.

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