Renesola Story

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SOL -- USA Stock  

USD 23.57  4.47  15.94%

In general, we focus on analyzing Renesola (NYSE:SOL) price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Renesola Ltd American daily price indicators and compare them against related drivers. Today's article will summarize Renesola. We will analyze why Renesola investors may still consider a stake in the business.
Published over a month ago
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Thinking to take up more of Renesola (NYSE:SOL)?
Renesola holds a performance score of 15 on a scale of zero to a hundred. The company holds a Beta of 0.6188, which implies possible diversification benefits within a given portfolio. Let's try to break down what Renesola's beta means in this case. As returns on the market increase, Renesola returns are expected to increase less than the market. However, during the bear market, the loss on holding Renesola will be expected to be smaller as well. Although it is essential to pay attention to Renesola American current trending patterns, it is also good to be reasonable about what you can do with equity existing price patterns. Our philosophy towards forecasting future potential of any stock is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if Renesola American expected return of 2.6 will be sustainable into the future, we have found twenty-seven different technical indicators, which can help you to check if the expected returns are sustainable. Use Renesola value at risk, as well as the relationship between the skewness and day median price to analyze future returns on Renesola.
The successful prediction of Renesola stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Renesola Ltd American, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Renesola based on Renesola hews, social hype, general headline patterns, and widely used predictive technical indicators. We also calculate exposure to Renesola's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Renesola's related companies.

Use Technical Analysis to project Renesola expected Price

Renesola technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Renesola technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Renesola trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How Renesola utilizes its cash?

To perform a cash flow analysis of Renesola, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Renesola is receiving and how much cash it distributes out in a given period. The Renesola cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Another Deeper Perspective

The new price hike of Renesola American created some momentum for stakeholders as it was traded today as low as 5.79 and as high as 8.39 per share. The company directors and management may have good odds in positioning the company resources to exploit market volatility in December. The stock standard deviation of daily returns for 30 days investing horizon is currently 11.5. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Renesola partners.

Renesola implied volatility may change after the hike

The market risk adjusted performance is down to 2.94 as of today. Renesola Ltd American is displaying above-average volatility over the selected time horizon. Investors should scrutinize Renesola Ltd American independently to ensure intended market timing strategies are aligned with expectations about Renesola volatility.

Our Final Takeaway

While other companies under the solar industry are still a bit expensive, Renesola may offer a potential longer-term growth to stakeholders. Taking everything into account, as of the 28th of November 2020, we believe Renesola is currently overvalued. It follows the market closely and projects below average chance of bankruptcy in the next two years. Our concluding 30 days Buy-Hold-Sell recommendation on the company is Strong Sell.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Renesola Ltd American. Please refer to our Terms of Use for any information regarding our disclosure principles.

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