ReneSola (SOL) Stock Forecast, Price Target & Predictions
SOL Stock Forecast
ReneSola stock forecast is as follows: an average price target of $5.75 (represents a 140.59% upside from SOL’s last price of $2.39) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
SOL Price Target
The average price target for ReneSola (SOL) is $5.75 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $10.00 to $1.50. This represents a potential 140.59% upside from SOL's last price of $2.39.
SOL Analyst Ratings
According to 3 Wall Street analysts, ReneSola's rating consensus is 'Buy'. The analyst rating breakdown for SOL stock is 1 'Strong Buy' (33.33%), 2 'Buy' (66.67%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
ReneSola Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 24, 2024 | Donovan Schafer | Northland Securities | $1.50 | $1.93 | -22.28% | -37.24% |
| Jul 12, 2022 | - | Raymond James | $10.00 | $4.75 | 110.53% | 318.41% |
The latest ReneSola stock forecast, released on May 24, 2024 by Donovan Schafer from Northland Securities, set a price target of $1.50, which represents a -22.28% decrease from the stock price at the time of the forecast ($1.93), and a -37.24% decrease from SOL last price ($2.39).
ReneSola Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $1.50 |
| Last Closing Price | $2.39 | $2.39 | $2.39 |
| Upside/Downside | -100.00% | -100.00% | -37.24% |
In the current month, the average price target of ReneSola stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to ReneSola's last price of $2.39. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 21, 2024 | Roth Capital | Buy | Buy | Hold |
| Aug 21, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Jul 12, 2022 | Raymond James | Strong Buy | Strong Buy | Hold |
| Mar 09, 2021 | Raymond James | - | Outperform | Initialise |
ReneSola's last stock rating was published by Roth Capital on Aug 21, 2024. The company gave SOL a "Buy" rating, the same as its previous rate.
ReneSola Financial Forecast
ReneSola Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $44.00M | - | - | $12.88M | $40.80M | $28.89M | $8.21M | $3.51M | $22.82M | $15.54M | $18.53M | $22.77M | $16.40M | $9.75M | $26.19M | $21.16M | $26.53M | $65.96M |
| Avg Forecast | $68.40M | $59.60M | $48.00M | $35.80M | $63.75M | $52.05M | $40.60M | $25.40M | $71.13M | $26.30M | $21.10M | $18.42M | $46.23M | $28.30M | $33.85M | $30.72M | $46.90M | $28.90M | $14.40M | $3.93M | $24.89M | $20.24M | $20.75M | $19.04M | $24.80M | $9.90M | $22.40M | $32.00M | $44.80M | $20.50M |
| High Forecast | $71.52M | $62.32M | $50.19M | $37.43M | $66.66M | $54.42M | $42.45M | $26.56M | $74.37M | $27.49M | $22.06M | $19.26M | $46.47M | $29.59M | $35.39M | $32.12M | $49.04M | $30.22M | $16.84M | $4.60M | $29.10M | $23.66M | $24.25M | $22.26M | $28.99M | $11.57M | $26.19M | $37.41M | $52.37M | $23.96M |
| Low Forecast | $64.00M | $55.77M | $44.92M | $33.50M | $59.65M | $48.71M | $37.99M | $23.77M | $66.55M | $24.61M | $19.74M | $17.24M | $45.97M | $26.48M | $31.67M | $28.75M | $43.89M | $27.04M | $10.30M | $2.81M | $17.80M | $14.47M | $14.83M | $13.61M | $17.73M | $7.08M | $16.02M | $22.88M | $32.03M | $14.66M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | - | - | 0.42% | 0.87% | 1.00% | 0.57% | 0.89% | 0.92% | 0.77% | 0.89% | 1.20% | 0.66% | 0.99% | 1.17% | 0.66% | 0.59% | 3.22% |
ReneSola's average Quarter revenue forecast for Mar 24 based on 1 analysts is $18.42M, with a low forecast of $17.24M, and a high forecast of $19.26M. SOL's average Quarter revenue forecast represents a -58.13% decrease compared to the company's last Quarter revenue of $44.00M (Dec 23).
ReneSola EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-6.15M | - | - | $-3.00M | $5.43M | $5.24M | $327.00K | $-1.15M | $344.00K | $1.88M | $7.89M | $2.68M | $3.38M | $3.67M | $4.87M | $-2.78M | $-8.48M | $5.40M |
| Avg Forecast | $8.82M | $7.69M | $6.19M | $4.62M | $8.22M | $6.71M | $5.24M | $3.28M | $9.17M | $3.39M | $2.72M | $2.38M | $5.96M | $3.65M | $4.36M | $3.96M | $6.05M | $3.73M | $1.86M | $507.02K | $3.21M | $2.61M | $2.68M | $6.02M | $3.20M | $1.28M | $2.89M | $-2.78M | $5.78M | $2.64M |
| High Forecast | $9.22M | $8.04M | $6.47M | $4.83M | $8.60M | $7.02M | $5.47M | $3.42M | $9.59M | $3.55M | $2.85M | $2.48M | $5.99M | $3.82M | $4.56M | $4.14M | $6.32M | $3.90M | $2.17M | $592.71K | $3.75M | $3.05M | $3.13M | $7.23M | $3.74M | $1.49M | $3.38M | $-2.22M | $6.75M | $3.09M |
| Low Forecast | $8.25M | $7.19M | $5.79M | $4.32M | $7.69M | $6.28M | $4.90M | $3.07M | $8.58M | $3.17M | $2.55M | $2.22M | $5.93M | $3.42M | $4.08M | $3.71M | $5.66M | $3.49M | $1.33M | $362.53K | $2.30M | $1.87M | $1.91M | $4.82M | $2.29M | $912.59K | $2.07M | $-3.33M | $4.13M | $1.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.03% | - | - | -0.76% | 0.90% | 1.41% | 0.18% | -2.26% | 0.11% | 0.72% | 2.95% | 0.44% | 1.06% | 2.88% | 1.69% | 1.00% | -1.47% | 2.04% |
1 analysts predict SOL's average Quarter EBITDA for Mar 23 to be $3.96M, with a high of $4.14M and a low of $3.71M. This is -26.99% lower than ReneSola's previous annual EBITDA (Dec 22) of $5.43M.
ReneSola Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-7.74M | - | - | $-615.00K | $4.84M | $2.96M | $36.00K | $-2.05M | $-2.92M | $711.00K | $6.95M | $774.00K | $1.98M | $2.11M | $3.09M | $-4.39M | $-10.94M | $2.36M |
| Avg Forecast | $12.85M | $10.71M | $6.96M | $3.75M | $11.78M | $9.10M | $5.89M | $1.61M | $13.92M | $4.55M | $3.72M | $-1.90M | $-803.09K | $3.48M | $7.95M | $2.14M | $4.82M | $2.28M | $892.34K | $-3.03M | $3.35M | $2.68M | $2.68M | $1.74M | $-535.39K | $267.70K | - | $-4.39M | $1.07M | $2.68M |
| High Forecast | $13.61M | $11.34M | $7.37M | $3.97M | $12.48M | $9.64M | $6.24M | $1.70M | $14.75M | $5.06M | $3.94M | $-1.75M | $-713.86K | $3.69M | $8.42M | $2.27M | $5.10M | $2.41M | $1.09M | $-1.91M | $4.08M | $3.27M | $3.27M | $2.09M | $-337.05K | $326.51K | - | $-3.52M | $1.31M | $3.27M |
| Low Forecast | $11.78M | $9.81M | $6.38M | $3.43M | $10.79M | $8.34M | $5.40M | $1.47M | $12.76M | $3.54M | $3.41M | $-2.02M | $-892.33K | $3.19M | $7.29M | $1.96M | $4.42M | $2.09M | $561.76K | $-3.70M | $2.11M | $1.69M | $1.69M | $1.39M | $-653.03K | $168.53K | - | $-5.27M | $674.10K | $1.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 9.64% | - | - | -0.29% | 1.00% | 1.30% | 0.04% | 0.68% | -0.87% | 0.27% | 2.60% | 0.44% | -3.69% | 7.89% | - | 1.00% | -10.22% | 0.88% |
ReneSola's average Quarter net income forecast for Mar 23 is $2.14M, with a range of $1.96M to $2.27M. SOL's average Quarter net income forecast represents a -55.72% decrease compared to the company's last Quarter net income of $4.84M (Dec 22).
ReneSola SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $6.99M | - | - | $4.49M | $6.33M | $3.60M | $3.88M | $3.11M | $7.70M | $3.45M | $3.28M | $2.87M | $8.94M | $1.97M | $1.92M | $2.12M | $8.89M | $2.47M |
| Avg Forecast | $13.67M | $11.91M | $9.59M | $7.15M | $12.74M | $10.40M | $8.11M | $5.08M | $14.21M | $5.25M | $4.22M | $3.68M | $9.24M | $5.65M | $6.76M | $6.14M | $9.37M | $5.77M | $2.88M | $785.57K | $4.97M | $4.04M | $4.15M | $6.47M | $4.96M | $1.98M | $4.48M | $2.12M | $8.95M | $4.10M |
| High Forecast | $14.29M | $12.45M | $10.03M | $7.48M | $13.32M | $10.87M | $8.48M | $5.31M | $14.86M | $5.49M | $4.41M | $3.85M | $9.29M | $5.91M | $7.07M | $6.42M | $9.80M | $6.04M | $3.36M | $918.34K | $5.81M | $4.73M | $4.85M | $7.76M | $5.79M | $2.31M | $5.23M | $2.54M | $10.46M | $4.79M |
| Low Forecast | $12.79M | $11.14M | $8.97M | $6.69M | $11.92M | $9.73M | $7.59M | $4.75M | $13.30M | $4.92M | $3.95M | $3.44M | $9.18M | $5.29M | $6.33M | $5.74M | $8.77M | $5.40M | $2.06M | $561.71K | $3.56M | $2.89M | $2.96M | $5.17M | $3.54M | $1.41M | $3.20M | $1.69M | $6.40M | $2.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | - | - | 0.73% | 0.68% | 0.62% | 1.35% | 3.96% | 1.55% | 0.85% | 0.79% | 0.44% | 1.80% | 0.99% | 0.43% | 1.00% | 0.99% | 0.60% |
ReneSola's average Quarter SG&A projection for Mar 24 is $3.68M, based on 1 Wall Street analysts, with a range of $3.44M to $3.85M. The forecast indicates a -47.36% fall compared to SOL last annual SG&A of $6.99M (Dec 23).
ReneSola EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 13 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.01 | $0.08 | $0.05 | - | $-0.03 | $-0.04 | $0.01 | $0.10 | $0.01 | $0.04 | $0.04 | $0.06 | $-0.09 | $-0.23 | $0.06 |
| Avg Forecast | $0.24 | $0.20 | $0.13 | $0.07 | $0.22 | $0.17 | $0.11 | $0.03 | $0.26 | $0.09 | $0.07 | $-0.04 | $-0.01 | $0.07 | $0.15 | $0.04 | $0.09 | $0.04 | $0.02 | $-0.06 | $0.06 | $0.05 | $0.05 | $-0.02 | $-0.01 | $0.01 | - | $-0.03 | $0.02 | $0.05 |
| High Forecast | $0.25 | $0.21 | $0.14 | $0.07 | $0.23 | $0.18 | $0.12 | $0.03 | $0.28 | $0.09 | $0.07 | $-0.03 | $-0.01 | $0.07 | $0.16 | $0.04 | $0.10 | $0.05 | $0.02 | $-0.04 | $0.08 | $0.06 | $0.06 | $-0.01 | $-0.01 | $0.01 | - | $-0.02 | $0.02 | $0.06 |
| Low Forecast | $0.22 | $0.18 | $0.12 | $0.06 | $0.20 | $0.16 | $0.10 | $0.03 | $0.24 | $0.07 | $0.06 | $-0.04 | $-0.02 | $0.06 | $0.14 | $0.04 | $0.08 | $0.04 | $0.01 | $-0.07 | $0.04 | $0.03 | $0.03 | $-0.02 | $-0.01 | - | - | $-0.04 | $0.01 | $0.03 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.27% | 0.89% | 1.18% | 0.03% | 0.54% | -0.67% | 0.20% | 2.00% | -0.50% | -3.70% | 8.60% | - | 3.00% | -11.50% | 1.20% |
According to 1 Wall Street analysts, ReneSola's projected average Quarter EPS for Mar 23 is $0.04, with a low estimate of $0.04 and a high estimate of $0.04. This represents a -50.00% decrease compared to SOL previous annual EPS of $0.08 (Dec 22).
ReneSola Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SPWR | SunPower | $0.12 | $17.50 | 14483.33% | Hold |
| MAXN | Maxeon Solar | $0.09 | $3.75 | 4066.67% | Hold |
| SEDG | SolarEdge | $22.52 | $185.60 | 724.16% | Hold |
| SOL | ReneSola | $2.39 | $5.75 | 140.59% | Buy |
| NOVA | Sunnova Energy | $12.24 | $24.91 | 103.51% | Buy |
| RUN | Sunrun | $20.31 | $35.68 | 75.68% | Buy |
| CSIQ | Canadian Solar | $14.06 | $22.33 | 58.82% | Buy |
| JKS | JinkoSolar | $20.12 | $25.00 | 24.25% | Sell |
| FSLR | First Solar | $239.98 | $227.76 | -5.09% | Buy |
SOL Forecast FAQ
Is ReneSola a good buy?
Yes, according to 3 Wall Street analysts, ReneSola (SOL) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of SOL's total ratings.
What is SOL's price target?
ReneSola (SOL) average price target is $5.75 with a range of $1.5 to $10, implying a 140.59% from its last price of $2.39. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will ReneSola stock go up soon?
According to Wall Street analysts' prediction for SOL stock, the company can go up by 140.59% (from the last price of $2.39 to the average price target of $5.75), up by 318.41% based on the highest stock price target, and down by -37.24% based on the lowest stock price target.
Can ReneSola stock reach $4?
SOL's average twelve months analyst stock price target of $5.75 supports the claim that ReneSola can reach $4 in the near future.
What are ReneSola's analysts' financial forecasts?
ReneSola's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $181.8M (high $190.1M, low $170.12M), average EBITDA is $23.44M (high $24.51M, low $21.94M), average net income is $28.38M (high $30.06M, low $26.01M), average SG&A $36.32M (high $37.98M, low $33.99M), and average EPS is $0.53 (high $0.561, low $0.486). SOL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $211.8M (high $221.46M, low $198.19M), average EBITDA is $27.31M (high $28.56M, low $25.56M), average net income is $34.27M (high $36.3M, low $31.4M), average SG&A $42.32M (high $44.25M, low $39.6M), and average EPS is $0.64 (high $0.678, low $0.587).
Did the SOL's actual financial results beat the analysts' financial forecasts?
Based on ReneSola's last annual report (Dec 2022), the company's revenue was $81.41M, which missed the average analysts forecast of $94.13M by -13.51%. Apple's EBITDA was $8.99M, missing the average prediction of $12.14M by -25.94%. The company's net income was $5.9M, beating the average estimation of $4.95M by 19.19%. Apple's SG&A was $16.91M, missing the average forecast of $18.81M by -10.09%. Lastly, the company's EPS was $0.09, missing the average prediction of $0.0925 by -2.70%. In terms of the last quarterly report (Dec 2023), ReneSola's revenue was $44M, missing the average analysts' forecast of $46.22M by -4.81%. The company's EBITDA was $-6.146M, missing the average prediction of $5.96M by -203.10%. ReneSola's net income was $-7.741M, beating the average estimation of $-803K by 863.90%. The company's SG&A was $6.99M, missing the average forecast of $9.24M by -24.30%. Lastly, the company's EPS was $0, missing the average prediction of $-0.015 by -100.00%