SOL ReneSola Price TargetAfter the boom of energy stocks at the beginning of this year, now the retracement seems like a great opportunity to reenter the space.
On 4/30/2021 HC Wainwright Brokerage Reiterated Rating for SOL ReneSola to a Buy with a price target of $15.00
Based on the resistance ahead, i have a short term price prediction of 12.5usd.
Renesola
Tempted To Build A Position In ReneSola (NYSE: $SOL) 😋ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2020, it operated approximately 100 solar power projects with an aggregate capacity of 173 megawatts. ReneSola Ltd has operations in the United States and Europe. The company was founded in 2005 and is headquartered in Stamford, Connecticut.
Steep uptrend for Renesola (SOL) - Up to 30Fundamental Analysis
1. Industry: Solar wafers and modules ++
2. Price: Relatively Cheap
3. Upward potential: 35% (on short term)
4. Risk-Reward Ratio: 1:15
5. 5Y EPS Growth: 20-40% (Simply Wall St)
Technical Analysis
1. Volume is growing
2. Support of the MA100
3. Growing profit margin
4. High Sentiment Score: 88%
5. Short-term target: 30
6. Long term target: 50-100