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 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
SOL Analyst Ratings
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% | -29.58% |
Jul 12, 2022 | - | Raymond James | $10.00 | $4.75 | 110.53% | 369.48% |
ReneSola Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | 1 |
Avg Price Target | - | - | $1.50 |
Last Closing Price | $2.13 | $2.13 | $2.13 |
Upside/Downside | -100.00% | -100.00% | -29.58% |
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 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 | $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 |
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 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 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 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 | $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% |
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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 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 | $11.84M | $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 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 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 | $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 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 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 | $0.32 | $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% |
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 |
SEDG | SolarEdge | $13.68 | $172.60 | 1161.70% | Hold |
NOVA | Sunnova Energy | $3.49 | $21.09 | 504.30% | Buy |
RUN | Sunrun | $10.23 | $33.99 | 232.26% | Buy |
SOL | ReneSola | $2.13 | $5.75 | 169.95% | Buy |
CSIQ | Canadian Solar | $12.58 | $19.50 | 55.01% | Sell |
FSLR | First Solar | $193.83 | $239.46 | 23.54% | Buy |
JKS | JinkoSolar | $22.66 | $23.80 | 5.03% | Sell |
MAXN | Maxeon Solar | $11.37 | $3.75 | -67.02% | Hold |
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 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.
Will ReneSola stock go up soon?
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.
Can ReneSola stock reach $3?
SOL's average twelve months analyst stock price target of $5.75 supports the claim that ReneSola can reach $3 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 $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).
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%