Analyst Price Target is $12.57
▲ +77.00% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for ReneSola in the last 3 months. The average price target is $12.57, with a high forecast of $15.00 and a low forecast of $8.20. The average price target represents a 77.00% upside from the last price of $7.10.
Current Consensus is
The current consensus among 4 investment analysts is to buy stock in ReneSola. This rating has held steady since June 2020, when it changed from a Hold consensus rating.
ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2020, it operated approximately 100 solar power projects with an aggregate capacity of 173 megawatts. ReneSola Ltd has operations in the United States and Europe. The company was founded in 2005 and is headquartered in Stamford, Connecticut.