Is ReneSola Ltd. (SOL) Stock About to Get Hot Monday?

ReneSola Ltd. (SOL) stock has gained 9.42% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

See Full SOL Report

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SOL Stock Today?

ReneSola Ltd. (SOL) stock is lower by -0.66% while the S&P 500 has risen 2.04% as of 2:54 PM on Monday, May 23. SOL is lower by -$0.03 from the previous closing price of $4.56 on volume of 206,106 shares. Over the past year the S&P 500 is down -5.15% while SOL is lower by -40.00%. SOL earned $0.10 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 46.19.

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.