ReneSola Ltd ADR Stock
ReneSola Ltd ADR Stock
ReneSola Ltd. is a listed solar energy company (traded under the symbol SOL) that provides solar power products and services. The company's products include solar wafers, solar cells, and solar modules, as well as solar energy storage and renewable energy services. ReneSola operates in several countries, including China, the United States, and Europe, and has a global network of distributors and partners. The company aims to deliver innovative and cost-effective solar solutions to help protect the environment and promote sustainable development.
Pros and Cons of ReneSola Ltd ADR in the next few years
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Cons
Performance of ReneSola Ltd ADR vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| ReneSola Ltd ADR | -1.200% | -20.098% | -2.102% | -58.524% | -35.060% | -78.831% | 9.396% |
| Broadwind Energy | 1.170% | -7.234% | 3.810% | -51.339% | -18.045% | -50.000% | 53.521% |
| Ceres Power Holdings | 8.410% | 1.114% | -5.220% | -59.007% | -22.338% | -88.692% | -16.633% |
| Aurora Solar Technologies Inc. | 10.170% | 0.000% | 17.754% | 30.000% | 108.333% | -84.375% | 170.833% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.From an initial look at the financials of ReneSola (US Symbol: SOL), prominent features include a steady cash flow, substantial gross profit, and a healthy return on equity. It depicts a company that not only has a grasp on its market but also operates with a disciplined financial profile.
A thorough examination of ReneSola's balance sheet, cash flow, and income statements, along with its financial ratios reveal the company's strengths. A prominent strength is ReneSola's staying power, evidenced by its significant total assets across the years 2020, 2021, and 2022. This indicates an ability on the part of ReneSola to weather unpredictable circumstances in the Renewable Energy field.
The continuous positive net income in the same years implies a consistent measure of profitability. A company that consistently generates profits is likely to be robust and lucrative. The company's gross profit also shows an upward trend, indicating an efficient production operation.
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