November 16, 2016 - By Nellie Frank · 0 Comments
The stock of Renesola Limited (NYSE:SOL) registered an increase of 3.44% in short interest. SOL’s total short interest was 501,500 shares in November as published by FINRA. Its up 3.44% from 484,800 shares, reported previously. With 395,900 shares average volume, it will take short sellers 1 days to cover their SOL’s short positions. The short interest to Renesola Limited’s float is 0.67%. About 143,663 shares traded hands. ReneSola Ltd. (ADR) (NYSE:SOL) has declined 43.66% since April 14, 2016 and is downtrending. It has underperformed by 48.35% the S&P500.
ReneSola Ltd is a holding company. The Firm is a brand and technology well-known provider of energy-efficient products based in China. The company has a market cap of $77.99 million. The Company’s divisions include wafer sales, cell and module sales, and solar power projects. It has a 4.3 P/E ratio. The wafer sales segment involves the manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services.
Insitutional Activity: The institutional sentiment increased to 1.5 in 2016 Q2. Its up 1.00, from 0.5 in 2016Q1. The ratio is positive, as 5 funds sold all ReneSola Ltd. (ADR) shares owned while 5 reduced positions. 4 funds bought stakes while 11 increased positions. They now own 11.82 million shares or 1.05% more from 11.70 million shares in 2016Q1.
Wells Fargo & Mn has 2,557 shares for 0% of their US portfolio. Moreover, Geode Capital Ltd Liability has 0% invested in ReneSola Ltd. (ADR) (NYSE:SOL) for 22,824 shares. California Public Employees Retirement holds 520,500 shares or 0% of its portfolio. Jpmorgan Chase holds 4,038 shares or 0% of its portfolio. Citigroup Inc has 55,000 shares for 0% of their US portfolio. Moreover, Goldman Sachs Grp Inc Inc Inc has 0% invested in ReneSola Ltd. (ADR) (NYSE:SOL) for 39,477 shares. Citadel Advisors Limited Liability has 26,544 shares for 0% of their US portfolio. Deutsche Comml Bank Ag reported 142,262 shares or 0% of all its holdings. Two Sigma Secs Lc last reported 26,423 shares in the company. Morgan Stanley has 24,403 shares for 0% of their US portfolio. The New Jersey-based Kcg Incorporated has invested 0% in ReneSola Ltd. (ADR) (NYSE:SOL). Bancshares Of America Corp De holds 4,550 shares or 0% of its portfolio. Royal Bancshares Of Canada accumulated 0% or 24,505 shares. Acadian Asset Management Limited Liability Company reported 3.26M shares or 0.02% of all its holdings. State Of Wisconsin Invest Board has 0% invested in the company for 58,861 shares.
Out of 3 analysts covering Renesola Ltd. (NYSE:SOL), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Renesola Ltd. has been the topic of 5 analyst reports since August 26, 2015 according to StockzIntelligence Inc. On Wednesday, March 9 the stock rating was downgraded by Roth Capital to “Hold”. The company was upgraded on Friday, August 28 by Zacks. Roth Capital downgraded the stock to “Sell” rating in Friday, August 5 report. The stock has “Buy” rating given by TH Capital on Wednesday, December 16.
ReneSola Ltd, incorporated on March 17, 2006, is a holding company. The Firm is a brand and technology well-known provider of energy-efficient products based in China. The Company’s divisions include wafer sales, cell and module sales, and solar power projects. The wafer sales segment involves the manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services. The cell and module sales segment involves the manufacture and sales of solar cells and modules. The solar power projects segment involves sales of solar power projects and electricity generation revenue of certain project assets it owns and operates. The Firm provides its clients 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 Firm makes solar-grade polysilicon, solar wafers, cells and modules.
Another recent and important ReneSola Ltd. (ADR) (NYSE:SOL) news was published by Fool.com which published an article titled: “ReneSola Ltd. (ADR) Earnings: What to Expect Monday” on March 21, 2014.
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By Nellie Frank