InvestorsObserver is giving ReneSola Ltd. (SOL) an Analyst Rating Rank of 74, meaning SOL is ranked higher by analysts than 74% of stocks. The average price target for SOL is $12.5 and analyst’s rate the stock as a Strong Buy.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What’s Happening With ReneSola Ltd. Stock Today?
ReneSola Ltd. (SOL) stock is trading at $6.32 as of 3:01 PM on Wednesday, Jan 12, a rise of $0.06, or 0.96% from the previous closing price of $6.26. The stock has traded between $6.25 and $6.63 so far today. Volume today is below average. So far 697,326 shares have traded compared to average volume of 2,007,046 shares.
Click Here to get the full Stock Report for ReneSola Ltd. stock.
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