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ReneSola Probability Of Bankruptcy

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For stocks, Probability Of Bankruptcy is normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by Macroaxis.The score is used to predict probability of a firm or a fund going into bankruptcy or experiencing financial distress within next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100 indicating the actual probability the firm will be distressed in the next 2 fiscal years.


Probability Of Bankruptcy




54.5615 %
Companies or funds with Probability Of Bankruptcy above 90% are generally considered to be high risk with a good chance of bankruptcy in the next 2 years. On the other hand entities with Probability Of Bankruptcy of less than 15% will most likely experience some growth in the next 2 years. Probability Of Bankruptcy is based on Macroaxis own algorithm and can be used by auditors, accountants, money managers, financial advisers, as well as day traders to evaluate unsystematic risk of a stock, fund or ETF.
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ReneSola Probability Of Bankruptcy Assessment

Based on latest financial disclosure ReneSola Ltd has Probability Of Bankruptcy of 54%. This is 25.43% higher than that of Technology sector, and 3.2% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 20.18% lower than the firm.

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Found 12 equities

Probability Of Bankruptcy

LLTC NMSLinear Technology Corporation
ALTR NMSAltera Corp
MCHP NMSMicrochip Technology Inc
FSLR NMSFirst Solar Inc
LSI NMSLSI Corporation
SPWR NMSSunPower Corporation
HIMX NMSHimax Technologies Inc
MPWR NMSMonolithic Power Systems Inc
CSIQ NMSCanadian Solar Inc
CRUS NMSCirrus Logic Inc
TSL NYQTrina Solar Limited
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  
ReneSola Ltd has more than 54 (%) percent chance of experiencing financial distress in the next 2 years of operations. More Info

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ReneSola Ltd Profile

ReneSola Ltd
USA Stock
Currency: USD - US Dollar
Traded on New York Stock Exchange

Other ReneSola Fundamentals

Return On Equity(97.77) %
Return On Asset(0.57) %
Profit Margin(17.08) %
Operating Margin(1.27) %
Current Valuation1.11 B
Shares Outstanding101.67 M
Shares Owned by Insiders55.27 %
Shares Owned by Institutions11.70 %
Number of Shares Shorted7.85 M
Price to Earning425.00 times
Price to Book2.14 times
Price to Sales0.23 times
Revenue1.52 B
Gross Profit(35.69 M)
Net Income(259.53 M)
Cash and Equivalents86.77 M
Cash per Share0.85 times
Total Debt854.2 M
Debt to Equity5.13 times
Current Ratio0.70 times
Book Value Per Share1.64 times
Cash Flow from Operations119.83 M
Short Ratio2.60 times
One Year High66.0
One Year Low1.25
Earnings Per Share(2.85) times
Price to Earnings To Growth1.67 times
Number of Employees8.44 K
Market Capitalization346.69 M
Total Asset2.06 B
Retained Earnings(137.66 M)
Working Capital(568.45 M)
Current Asset873.78 M
Current Liabilities1.44 B
Probability Of Bankruptcy55.54 %
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