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ReneSola Probability Of Bankruptcy  

$1.5  0.02  1.32%
    
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 
 = 
55.4 %

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 55%. This is 25.85% higher than that of the Technology sector, and 14.49% higher than that of Semiconductor - Specialized industry, The Probability Of Bankruptcy for all stocks is 28.87% lower than the firm.

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Found 10 equities

Probability Of Bankruptcy

ALTR NMSAltera Corp
11.8%
NVDA NMSNVIDIA Corporation
11.78%
LLTC NMSLinear Technology Corporation
6.2%
MCHP NMSMicrochip Technology Inc
15.43%
FSLR NMSFirst Solar Inc
5.65%
SPWR NMSSunPower Corporation
43.42%
CRUS NMSCirrus Logic Inc
10.42%
MPWR NMSMonolithic Power Systems Inc
73.86%
CSIQ NMSCanadian Solar Inc
51.64%
VSLR NYQVivint Solar Inc
9.0%
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 55 (%) percent chance of experiencing financial distress in the next 2 years of operations. More Info
SymbolSOL
NameReneSola Ltd
InstrumentUSA Stock
Risk-adjusted AdviceStrong Sell Over 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(22.12) %
Return On Asset0.32 %
Profit Margin(2.15) %
Operating Margin0.62 %
Current Valuation862.63 M
Shares Outstanding102.31 M
Shares Owned by Insiders45.67 %
Shares Owned by Institutions17.70 %
Number of Shares Shorted6.58 M
Price to Earning425.00 times
Price to Book1.22 times
Price to Sales0.11 times
Revenue1.56 B
Gross Profit209.28 M
EBITDA99.86 M
Net Income(33.63 M)
Cash and Equivalents99.85 M
Cash per Share0.98 times
Total Debt796.73 M
Debt to Equity5.89 times
Current Ratio0.64 times
Book Value Per Share1.33 times
Cash Flow from Operations(121.69 M)
Short Ratio6.00 times
One Year High3.62
One Year Low1.2
Earnings Per Share(0.34) times
Price to Earnings To Growth(0.56) times
Number of Employees6.95 K
Beta3.15
Market Capitalization172.91 M
Total Asset1.67 B
Retained Earnings(430.2 M)
Working Capital(477.26 M)
Current Asset859.53 M
Current Liabilities1.34 B