$0.01 EPS Expected for ReneSola Ltd (SOL)

June 16, 2018 - By Kristen Paramore

Analysts expect ReneSola Ltd (NYSE:SOL) to report $0.01 EPS on June, 21.They anticipate $1.17 EPS change or 100.86 % from last quarter’s $-1.16 EPS. SOL’s profit would be $380,679 giving it 61.50 P/E if the $0.01 EPS is correct. After having $0.04 EPS previously, ReneSola Ltd’s analysts see -75.00 % EPS growth. The stock decreased 1.20% or $0.03 during the last trading session, reaching $2.46. About 69,421 shares traded or 32.01% up from the average. ReneSola Ltd (NYSE:SOL) has declined 5.76% since June 16, 2017 and is downtrending. It has underperformed by 18.33% the S&P500.

ReneSola Ltd, through its subsidiaries, makes and sells various solar power products in the People's Republic of China and internationally. The company has market cap of $93.65 million. The firm operates through three divisions: Wafer, Cell and Module, and Solar Power Projects. It currently has negative earnings. It provides virgin polysilicon, monocrystalline, and multicrystalline solar wafers; and photovoltaic cells.

More news for ReneSola Ltd (NYSE:SOL) were recently published by: Seekingalpha.com, which released: “ReneSola raises Q1 revenue view despite China’s new solar provisions” on June 05, 2018. Streetinsider.com‘s article titled: “ReneSola (SOL) Regains Compliance with NYSE” and published on June 11, 2018 is yet another important article.

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