With a year-over-year growth in debt of -83.47%, ReneSola Ltd's debt growth rate surpasses just 2.37% of about US stocks.
Revenue growth over the past 12 months for ReneSola Ltd comes in at -90.71%, a number that bests only 1.12% of the US stocks we're tracking.
ReneSola Ltd's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 95.49%, greater than the shareholder yield of 96.56% of stocks in our set.
Stocks with similar financial metrics, market capitalization, and price volatility to ReneSola Ltd are NMM, SATS, OMAB, OTEL, and ERI.
Renesola Ltd. American Depsitary Shares (Each representing 10 shares) (SOL) Company Bio
ReneSola Ltd. manufactures and sells various solar power products. The company was founded in 2005 and is based in Yaozhuang Town, China.
SOL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for ReneSola Ltd. To summarize, we found that ReneSola Ltd ranked in the 57th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 51.5% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of ReneSola Ltd, consider:
ReneSola Ltd's effective tax rate, as measured by taxes paid relative to net income, is at 44 -- greater than 93.68% of US stocks with positive free cash flow.
ReneSola Ltd's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 0.16. This coverage rate is greater than that of only 23.95% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 10. This value is greater than 87.51% stocks in the Technology sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as SOL, try CYBR, TSM, OTEX, ZBRA, and CPSI.
(Bloomberg) -- South African stocks are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.The FTSE/JSE Africa All Share Index has climbed 22% since the start of April, its best performance over any quarter since 2001. Emerging-market stocks, heading for their biggest gains since 2009, are up 17%. South Africa’s benchmark ranks eighth over the period among 93 major global indexes tracked by Bloomberg as of Monday’s close. It’s within 5.2% of erasing 2020’s losses.AngloGold Ashanti Ltd. and Gold Fields Ltd. are among the leading index-point contributors to the gains, as the uncertain times push traders toward the haven of bullion. Tech investor Naspers...
ReneSola (SOL) +7.6% pre-market after saying it will participate in a consortium led by French power producer Tenergie to develop a large-scale ground-mounted solar plant in the country.The plant is expected to produce 46 GWh, and supply electricity to ~10K households per year.The consortium will develop the power plant covering 30...
ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated global solar project developer, today announced that it will participate in a consortium to develop a large-scale ground-mounted solar plant in the south of France. The plant is expected to produce 46 GWh, and supply electricity to approximately 10,000 households per year.