After the boom of energy stocks at the beginning of this year, now the retracement seems like a great opportunity to reenter the space. On 4/30/2021 HC Wainwright Brokerage Reiterated Rating for SOL ReneSola to a Buy with a price target of $15.00 Based on the resistance ahead, i have a short term price prediction of 12.5usd.
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...
This is a good opportunity for LONG. You can enter the market when we break blue EMA for $17. If we have price correction back to $13, then STRONG BUY. PROFIT TARGETS: $28 $35
Fundamental Analysis 1. Industry: Solar wafers and modules ++ 2. Price: Relatively Cheap 3. Upward potential: 35% (on short term) 4. Risk-Reward Ratio: 1:15 5. 5Y EPS Growth: 20-40% (Simply Wall St) Technical Analysis 1. Volume is growing 2. Support of the MA100 3. Growing profit margin 4. High Sentiment Score: 88% 5. Short-term target: 30 6. Long term target: 50-100
If Renesola Ltd. breakup current price, then, 2021 it could be a big year for Renesola Ltd . *** Just sharing my opinion, not an investment advice.