Credit Suisse Maintains ReneSola Ltd. (ADR) to Underperform with Price Target $1.00

Brokerage firm Credit Suisse Maintains its rating on ReneSola Ltd. (ADR)(NYSE:SOL). In a research note issued to the investors, the brokerage major Lowers the price-target to $1.00 per share. The shares have been rated Underperform. The rating by Credit Suisse was issued on Aug 18, 2016.

In a different note, On Aug 5, 2016, Roth Capital said it Downgrades its rating on ReneSola Ltd. (ADR). The shares have been rated ‘Sell’ by the firm.

ReneSola Ltd. (ADR) (SOL) remained unchanged at the close of Monday session. Even as the volume increased to 2,08,601 ,the shares failed to make any impression and ended at 0 points or 0.00% at $1.18. The trading session commenced at $1.19 and the stock hit a high of $1.2 and touched $1.17 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $1.95 and the 52-week low is $0.9126. The company has a market cap of $120 M and has approximately 10,16,02,844 outstanding shares.

ReneSola Ltd. (ADR)(SOL) last announced its earnings results on May 23, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.06.

ReneSola Ltd (ReneSola) is a holding company. The Company is a brand and technology provider as well as manufacturer of solar power products based in China. The Company provides its customers with solar power products and processing services. It provides solar power products to a network of suppliers and customers which includes manufacturers of solar cells and modules and distributors installers and end users of solar modules. The Company manufactures solar-grade polysilicon solar wafers cells and modules. The Company offers monocrystalline and multicrystalline wafers of various sizes and thicknesses. In wafer manufacturing it slices wafers with a thickness less than 180 microns. The Company’s subsidiaries include ReneSola Zhejiang Ltd. Sichuan ReneSola Silicon Material Co. Ltd. ReneSola Jiangsu Ltd Sichuan Ruiyu Photovoltaic Materials Co. Ltd. ReneSola Shanghai Ltd. and ReneSola Deutschland GmbH among others.

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