How Will the Market React to ReneSola Ltd. (SOL) Stock Getting a Bearish Rating

Overall market sentiment has been down on ReneSola Ltd. (SOL) stock lately. SOL receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

ReneSola Ltd. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SOL!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SOL Stock Today?

ReneSola Ltd. (SOL) stock is lower by -1.64% while the S&P 500 has gained 0.5% as of 10:13 AM on Tuesday, Sep 21. SOL has fallen -$0.11 from the previous closing price of $6.72 on volume of 251,430 shares. Over the past year the S&P 500 is up 33.49% while SOL has gained 136.92%. SOL earned $0.19 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 34.78. To see InvestorsObserver's Sentiment Score for ReneSola Ltd. click here.

More About ReneSola Ltd.

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York. Click Here to get the full Stock Report for ReneSola Ltd. stock.