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ReneSola Probability Of Bankruptcy

$1.31  0.01  0.76%
    
  
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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.
ReneSola 
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
 = 
54.78 %

About Probability Of Bankruptcy

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.
Compare ReneSola to competition

ReneSola Probability Of Bankruptcy Assessment

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Based on latest financial disclosure ReneSola Ltd has Probability Of Bankruptcy of 54%. This is 24.44% higher than that of the Technology sector, and 13.21% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 27.42% lower than the firm.

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Found 10 equities

Probability Of Bankruptcy

ALTR NMSAltera Corp
10.44%
NVDA NMSNVIDIA Corporation
15.08%
LLTC NMSLinear Technology Corporation
7.77%
MCHP NMSMicrochip Technology Inc
35.56%
FSLR NMSFirst Solar Inc
5.23%
SPWR NMSSunPower Corporation
43.92%
MPWR NMSMonolithic Power Systems Inc
73.89%
CRUS NMSCirrus Logic Inc
10.84%
HIMX NMSHimax Technologies Inc
12.68%
CSIQ NMSCanadian Solar Inc
45.41%
You can backtest this sub-set of assets as a synthetic portfolio or check its risk adjusted returns  

Chance of Financial Distress

ReneSola Ltd has more than 54 (%) percent chance of experiencing financial distress in the next 2 years of operations. More Info
SymbolSOL
NameReneSola Ltd
InstrumentUSA Stock
Risk-adjusted AdviceHold Fairly Valued
CurrencyUSD - US Dollar
ExchangeNew York Stock Exchange
DescriptionReneSola Ltd through its subsidiaries manufactures and sells various solar power products. more

Other ReneSola Fundamentals

Return On Equity(26.76) %
Return On Asset0.32 %
Profit Margin(2.48) %
Operating Margin0.59 %
Current Valuation871.61 M
Shares Outstanding101.96 M
Shares Owned by Insiders45.67 %
Shares Owned by Institutions17.70 %
Number of Shares Shorted7 M
Price to Earning425.00 times
Price to Book1.07 times
Price to Sales0.09 times
Revenue1.5 B
Gross Profit209.28 M
EBITDA93.03 M
Net Income(37.07 M)
Cash and Equivalents47.86 M
Cash per Share0.47 times
Total Debt785.9 M
Debt to Equity6.32 times
Current Ratio0.59 times
Book Value Per Share1.22 times
Cash Flow from Operations(18.46 M)
Short Ratio8.30 times
One Year High3.62
One Year Low1.2
Earnings Per Share(0.38) times
Price to Earnings To Growth(0.17) times
Number of Employees6.95 K
Beta3.06
Market Capitalization137.64 M
Total Asset1.67 B
Retained Earnings(430.2 M)
Working Capital(477.26 M)
Current Asset859.53 M
Current Liabilities1.34 B