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 26th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for SOL, they are:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 95. Its equity weight surpasses that of 71.77% of free cash flow generating stocks in the Technology sector.
The business' balance sheet suggests that 5% of the company's capital is sourced from debt; this is greater than merely 14.67% of the free cash flow producing stocks we're observing.
ReneSola Ltd's effective tax rate, as measured by taxes paid relative to net income, is at 44 -- greater than 93.72% of US stocks with positive 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 COHU, IEHC, INFY, BKI, and DOCU.
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ReneSola ([[SOL]] -8.6%) enters into securities purchase agreements with several institutional investors for the purchase and sale of 2.5M ADS.Each ADS represents 10 ordinary shares, at a purchase price of $2 per ADS, in a registered direct offering. Expected gross proceed of $5M.Net proceeds to be used for expanding new solar...
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