ReneSola Ltd

ReneSola Ltdverified

SOL

Price:

$2.47

Market Cap:

$130.28M

ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States, Canada, Europe, and internationally. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells project rights. In addition, its engineering, procurement, and construction business provides engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2021, it operated approximately 100 sola...[Read more]

Industry

Solar

IPO Date

2008-01-29

Stock Exchange

NYSE

Ticker

SOL

The PE Ratio as of November 2024 (TTM) for ReneSola Ltd (SOL) is -7.97

According to ReneSola Ltd’s latest financial reports and current stock price. The company's current PE Ratio is -7.97. This represents a change of 210.76% compared to the average of -2.56 of the last 4 quarters.

ReneSola Ltd (SOL) Historical PE Ratio (quarterly & annually)

How has SOL PE Ratio performed in the past?

The mean historical PE Ratio of ReneSola Ltd over the last ten years is 24.61. The current -7.97 PE Ratio has changed -3338.07% with respect to the historical average. Over the past ten years (40 quarters), SOL's PE Ratio was at its highest in in the June 2022 quarter at 2.21K. The PE Ratio was at its lowest in in the March 2023 quarter at -103.85.

Quarterly (TTM)
Annual

Average

24.61

Median

0.12

Minimum

-48.44

Maximum

202.25

ReneSola Ltd (SOL) PE Ratio by Quarter and Year

Discovering the peaks and valleys of ReneSola Ltd PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.12%

Maximum Annual PE Ratio = 202.25

Minimum Annual Increase = -4212.33%

Minimum Annual PE Ratio = -48.44

Quarterly (TTM)
Annual
YearPE RatioChange
2023-48.44-197.43%
202249.71-16.94%
202159.85-70.41%
2020202.25-4212.33%
2019-4.92-119.09%
201825.761.12%
20172.11-213.39%
2016-1.86-94.55%
2015-34.18724.24%
2014-4.15242.50%

ReneSola Ltd (SOL) Average PE Ratio

How has SOL PE Ratio performed in the past?

The current PE Ratio of ReneSola Ltd (SOL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

20.38

5-year avg

51.69

10-year avg

24.61

ReneSola Ltd (SOL) PE Ratio vs. Peers

How is SOL’s PE Ratio compared to its peers?

ReneSola Ltd’s PE Ratio is less than Canadian Solar Inc. (28.90), less than Maxeon Solar Technologies, Ltd. (-1.48), less than SunPower Corporation (-0.09), less than SolarEdge Technologies, Inc. (-2.03), less than Sunnova Energy International Inc. (-1.98), less than Sunrun Inc. (-2.61), less than First Solar, Inc. (18.21), less than iSun, Inc. (-0.11), less than JinkoSolar Holding Co., Ltd. (5.53),

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