What is the ranking of the shares of ReneSola Ltd. (SOL) on Wall Street on Wednesday?

Wall Street is positive on ReneSola Ltd. (GROUND). On average, analysts give ReneSola Ltd. a strong buy rating. The average price target is $12.5, which means analysts expect the stock to rise 95.62% over the next twelve months. This average ranking applies to ReneSola Ltd. an analyst rating of 73, which is better than 73% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts today rate SOL as a strong buy. Find out what this means for you and get the rest of the rankings on SOL!

Why are analyst ratings important?

While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.

InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than with the typical buy/sell/hold ranking.

What is happening with the shares of ReneSola Ltd. today ?

The ReneSola Ltd. share. (SOL) is trading at $6.39 at 2:50 p.m. Wednesday, March 16, a gain of $0.68, or 11.93% from the previous closing price of $5.71. The stock has traded between $5.86 and $6.39 so far today. Volume today is 1,174,831 compared to an average volume of 1,222,876. Click here for the full ReneSola Ltd stock report.

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