Renesola (SOL) Earning Somewhat Positive News Coverage, Report Shows
Media coverage about Renesola (NYSE:SOL) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Renesola earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.8396851042919 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s analysis:
- What to Expect From First Solar (FSLR) in Q3 Earnings? (zacks.com)
- 32 Stocks Moving In Monday’s Mid-Day Session (feeds.benzinga.com)
- Notice of Combined General Meeting of Sasol Ordinary Shareholders, Sasol Preferred Ordinary Shareholders and Sasol BEE Ordinary Shareholders (finance.yahoo.com)
- Sasol Publishes Production and Sales Metrics for the Three Months Ended 30 September 2017 (finance.yahoo.com)
Separately, Roth Capital upgraded shares of Renesola from a “sell” rating to a “neutral” rating and set a $3.00 target price for the company in a research note on Monday, October 16th.
Shares of Renesola (NYSE:SOL) traded down 0.69% during trading on Wednesday, hitting $2.88. 256,406 shares of the company were exchanged. Renesola has a 12 month low of $2.12 and a 12 month high of $5.45. The stock’s market cap is $57.75 million. The company’s 50-day moving average price is $2.36 and its 200 day moving average price is $2.50.
Renesola (NYSE:SOL) last announced its quarterly earnings data on Wednesday, September 27th. The semiconductor company reported ($1.57) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.76) by ($0.81). The company had revenue of $151.63 million for the quarter, compared to analyst estimates of $180.70 million. Renesola had a negative return on equity of 187.64% and a negative net margin of 13.84%. On average, equities analysts predict that Renesola will post ($2.68) earnings per share for the current fiscal year.
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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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