ReneSola (SOL) Stock Forecast, Price Target & Predictions


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SOL Stock Forecast


ReneSola stock forecast is as follows: an average price target of $5.75 (represents a 169.95% upside from SOL’s last price of $2.13) 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 169.95% upside from SOL's last price of $2.13.

SOL Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 24, 2024Donovan SchaferNorthland Securities$1.50$1.93-22.28%-29.58%
Jul 12, 2022-Raymond James$10.00$4.75110.53%369.48%
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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 -29.58% decrease from SOL last price ($2.13).

ReneSola Price Target by Period


1M3M12M
# Anlaysts--1
Avg Price Target--$1.50
Last Closing Price$2.13$2.13$2.13
Upside/Downside-100.00%-100.00%-29.58%

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 $2.13. 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


DateCompanyPrevious RatingNew RatingRating Change
Aug 21, 2024Roth CapitalBuyBuyHold
Aug 21, 2024H.C. WainwrightBuyBuyHold
Jul 12, 2022Raymond JamesStrong BuyStrong BuyHold
Mar 09, 2021Raymond James-OutperformInitialise
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$80.27M$26.23M$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$68.40M$59.60M$48.00M$35.80M$63.75M$52.05M$40.60M$25.40M$80.27M$27.49M$21.10M$18.51M$46.47M$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
Low Forecast$68.40M$59.60M$48.00M$35.80M$63.75M$52.05M$40.60M$25.40M$80.27M$24.61M$21.10M$18.34M$45.97M$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
# Analysts1111111113113111111111111377986
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 $18.34M, and a high forecast of $18.51M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113113111111111111377986
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$10.35M$3.38M$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$8.82M$7.69M$6.19M$4.62M$8.22M$6.71M$5.24M$3.28M$10.35M$3.55M$2.72M$2.39M$5.99M$3.65M$4.36M$3.96M$6.05M$3.73M$1.86M$507.02K$3.21M$2.61M$2.68M$7.23M$3.20M$1.28M$2.89M$-2.22M$5.78M$2.64M
Low Forecast$8.82M$7.69M$6.19M$4.62M$8.22M$6.71M$5.24M$3.28M$10.35M$3.17M$2.72M$2.36M$5.93M$3.65M$4.36M$3.96M$6.05M$3.73M$1.86M$507.02K$3.21M$2.61M$2.68M$4.82M$3.20M$1.28M$2.89M$-3.33M$5.78M$2.64M
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 $3.96M and a low of $3.96M. This is -26.99% lower than ReneSola's previous annual EBITDA (Dec 22) of $5.43M.

ReneSola Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113113111111111111377986
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$11.84M$9.13M$5.98M$1.56M$17.27M$4.64M$3.72M$-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$12.85M$10.71M$6.96M$3.75M$11.84M$9.13M$5.98M$1.56M$17.27M$5.15M$3.73M$-1.90M$-713.86K$3.48M$7.95M$2.14M$4.82M$2.28M$892.34K$-3.03M$3.35M$2.68M$2.68M$2.09M$-535.39K$267.70K-$-3.52M$1.07M$2.68M
Low Forecast$12.85M$10.71M$6.96M$3.75M$11.84M$9.13M$5.98M$1.56M$17.27M$3.61M$3.71M$-1.90M$-892.33K$3.48M$7.95M$2.14M$4.82M$2.28M$892.34K$-3.03M$3.35M$2.68M$2.68M$1.39M$-535.39K$267.70K-$-5.27M$1.07M$2.68M
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 $2.14M to $2.14M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113113111111111111377986
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$16.04M$5.24M$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$13.67M$11.91M$9.59M$7.15M$12.74M$10.40M$8.11M$5.08M$16.04M$5.49M$4.22M$3.70M$9.29M$5.65M$6.76M$6.14M$9.37M$5.77M$2.88M$785.57K$4.97M$4.04M$4.15M$7.76M$4.96M$1.98M$4.48M$2.54M$8.95M$4.10M
Low Forecast$13.67M$11.91M$9.59M$7.15M$12.74M$10.40M$8.11M$5.08M$16.04M$4.92M$4.22M$3.66M$9.18M$5.65M$6.76M$6.14M$9.37M$5.77M$2.88M$785.57K$4.97M$4.04M$4.15M$5.17M$4.96M$1.98M$4.48M$1.69M$8.95M$4.10M
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 $3.66M to $3.70M. The forecast indicates a -47.36% fall compared to SOL last annual SG&A of $6.99M (Dec 23).

ReneSola EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113113111111111111377986
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$0.32$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$0.24$0.20$0.13$0.07$0.22$0.17$0.11$0.03$0.32$0.10$0.07$-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
Low Forecast$0.24$0.20$0.13$0.07$0.22$0.17$0.11$0.03$0.32$0.07$0.07$-0.04$-0.02$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
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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SPWRSunPower$0.12$17.5014483.33%Hold
SEDGSolarEdge$13.68$172.601161.70%Hold
NOVASunnova Energy$3.49$21.09504.30%Buy
RUNSunrun$10.23$33.99232.26%Buy
SOLReneSola$2.13$5.75169.95%Buy
CSIQCanadian Solar$12.58$19.5055.01%Sell
FSLRFirst Solar$193.83$239.4623.54%Buy
JKSJinkoSolar$22.66$23.805.03%Sell
MAXNMaxeon Solar$11.37$3.75-67.02%Hold

SOL Forecast FAQ


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.

ReneSola (SOL) average price target is $5.75 with a range of $1.5 to $10, implying a 169.95% from its last price of $2.13. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for SOL stock, the company can go up by 169.95% (from the last price of $2.13 to the average price target of $5.75), up by 369.48% based on the highest stock price target, and down by -29.58% based on the lowest stock price target.

SOL's average twelve months analyst stock price target of $5.75 supports the claim that ReneSola can reach $3 in the near future.

ReneSola's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $181.8M (high $181.8M, low $181.8M), average EBITDA is $23.44M (high $23.44M, low $23.44M), average net income is $28.5M (high $28.5M, low $28.5M), average SG&A $36.32M (high $36.32M, low $36.32M), and average EPS is $0.532 (high $0.532, low $0.532). SOL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $211.8M (high $211.8M, low $211.8M), average EBITDA is $27.31M (high $27.31M, low $27.31M), average net income is $34.27M (high $34.27M, low $34.27M), average SG&A $42.32M (high $42.32M, low $42.32M), and average EPS is $0.64 (high $0.64, low $0.64).

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%