ReneSola (SOL) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

SOL Stock Forecast

ReneSola stock forecast is as follows: an average price target of $5.75 (represents a 207.49% upside from SOL’s last price of $1.87) 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 207.49% upside from SOL's last price of $1.87.

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

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	-	-	-22.28%	-19.79%
Jul 12, 2022		Raymond James	-	-	110.53%	434.76%

Row per page

Go to

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 -19.79% decrease from SOL last price ($1.87).

ReneSola Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$1.50
Last Closing Price	$1.87	$1.87	$1.87
Upside/Downside	-100.00%	-100.00%	-19.79%

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 $1.87. 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

Row per page

Go to

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	$37.20M	$34.70M	$30.70M	$22.30M	$41.55M	$36.35M	$28.65M	$18.65M	$41.10M	$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	$39.56M	$36.90M	$32.65M	$23.72M	$44.19M	$38.66M	$30.47M	$22.23M	$42.50M	$27.90M	$22.44M	$18.51M	$46.47M	$30.10M	$35.99M	$32.67M	$49.88M	$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	$35.12M	$32.76M	$28.98M	$21.05M	$39.22M	$34.31M	$27.05M	$15.07M	$39.70M	$24.76M	$19.92M	$18.34M	$45.97M	$26.72M	$31.95M	$29.00M	$44.27M	$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	2	2	1	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'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 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	2	2	1	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	$5.27M	$4.91M	$4.35M	$3.16M	$5.88M	$5.15M	$4.06M	$2.64M	$5.82M	$3.71M	$2.99M	$2.61M	$6.54M	$4.01M	$4.79M	$4.35M	$6.64M	$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	$5.60M	$5.22M	$4.62M	$3.36M	$6.26M	$5.47M	$4.31M	$3.15M	$6.02M	$3.95M	$3.18M	$2.62M	$6.58M	$4.26M	$5.10M	$4.62M	$7.06M	$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	$4.97M	$4.64M	$4.10M	$2.98M	$5.55M	$4.86M	$3.83M	$2.13M	$5.62M	$3.51M	$2.82M	$2.60M	$6.51M	$3.78M	$4.52M	$4.11M	$6.27M	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	-0.94%	-	-	-0.69%	0.82%	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 $4.35M, with a high of $4.62M and a low of $4.11M. This is -19.85% 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	1	1	1	1	1	1	1	2	2	1	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	$4.11M	$3.60M	$2.57M	$3.60M	$5.39M	$4.37M	$2.57M	$-770.61K	$3.94M	$4.45M	$3.57M	$-1.83M	$-770.61K	$3.34M	$7.63M	$2.05M	$4.62M	$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	$4.45M	$3.89M	$2.78M	$3.89M	$5.84M	$4.73M	$2.78M	$1.54M	$8.11M	$4.82M	$3.58M	$-1.69M	$-684.99K	$3.61M	$8.26M	$2.22M	$5.01M	$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	$3.81M	$3.33M	$2.38M	$3.33M	$5.00M	$4.05M	$2.38M	$-3.08M	$1.62M	$4.13M	$3.56M	$-1.98M	$-856.24K	$3.10M	$7.08M	$1.91M	$4.29M	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	10.05%	-	-	-0.30%	1.05%	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 $2.05M, with a range of $1.91M to $2.22M. SOL's average Quarter net income forecast represents a -57.51% 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	1	1	1	1	1	1	1	2	2	1	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	$7.55M	$7.05M	$6.23M	$4.53M	$8.44M	$7.38M	$5.82M	$3.79M	$8.35M	$5.33M	$4.28M	$3.74M	$9.39M	$5.75M	$6.87M	$6.24M	$9.52M	$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	$8.03M	$7.49M	$6.63M	$4.82M	$8.97M	$7.85M	$6.19M	$4.51M	$8.63M	$5.66M	$4.56M	$3.76M	$9.44M	$6.11M	$7.31M	$6.63M	$10.13M	$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	$7.13M	$6.65M	$5.88M	$4.27M	$7.96M	$6.97M	$5.49M	$3.06M	$8.06M	$5.03M	$4.04M	$3.72M	$9.33M	$5.42M	$6.49M	$5.89M	$8.99M	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	0.74%	-	-	0.72%	0.66%	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 $3.74M, based on 1 Wall Street analysts, with a range of $3.72M to $3.76M. The forecast indicates a -46.50% 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	1	1	1	1	1	1	1	2	2	1	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	$0.08	$0.07	$0.05	$0.07	$0.10	$0.09	$0.05	$-0.01	$0.08	$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	$0.09	$0.08	$0.05	$0.08	$0.11	$0.09	$0.05	$0.03	$0.16	$0.09	$0.07	$-0.03	$-0.01	$0.07	$0.16	$0.04	$0.10	$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	$0.07	$0.06	$0.05	$0.06	$0.10	$0.08	$0.05	$-0.06	$0.03	$0.08	$0.07	$-0.04	$-0.02	$0.06	$0.14	$0.04	$0.08	$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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
SPWR	SunPower	-	-	14483.33%	Hold
SEDG	SolarEdge	-	-	1221.55%	Hold
NOVA	Sunnova Energy	-	-	326.73%	Buy
RUN	Sunrun	-	-	223.41%	Buy
SOL	ReneSola	-	-	207.49%	Buy
CSIQ	Canadian Solar	-	-	63.73%	Sell
FSLR	First Solar	-	-	28.71%	Buy
JKS	JinkoSolar	-	-	9.98%	Sell
MAXN	Maxeon Solar	-	-	-55.99%	Sell

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 207.49% from its last price of $1.87. 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 207.49% (from the last price of $1.87 to the average price target of $5.75), up by 434.76% based on the highest stock price target, and down by -19.79% 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 $125.2M (high $135.55M, low $115.65M), average EBITDA is $17.72M (high $19.19M, low $16.37M), average net income is $11.56M (high $14.89M, low $8.35M), average SG&A $25.42M (high $27.52M, low $23.48M), and average EPS is $0.225 (high $0.29, low $0.163). SOL's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $124.9M (high $132.83M, low $117.91M), average EBITDA is $17.68M (high $18.8M, low $16.69M), average net income is $13.87M (high $15.02M, low $12.86M), average SG&A $25.36M (high $26.97M, low $23.94M), and average EPS is $0.27 (high $0.292, low $0.25).

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 $12.73M by -29.37%. The company's net income was $5.9M, beating the average estimation of $4.76M by 24.08%. Apple's SG&A was $16.91M, missing the average forecast of $18.96M by -10.81%. 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 $6.54M by -193.92%. ReneSola's net income was $-7.741M, beating the average estimation of $-771K by 904.53%. The company's SG&A was $6.99M, missing the average forecast of $9.39M by -25.50%. Lastly, the company's EPS was $0, missing the average prediction of $-0.015 by -100.00%