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ReneSola (SOL) Highlighted As Today's Perilous Reversal Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified ReneSola ( SOL) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified ReneSola as such a stock due to the following factors:

  • SOL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.1 million.
  • SOL has traded 4.1 million shares today.
  • SOL is down 3.1% today.
  • SOL was up 10.1% yesterday.

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More details on SOL:

ReneSola Ltd operates as a brand and technology provider of solar photovoltaic (PV) products. The company, through its subsidiaries, engages in the research and development, and manufacture of virgin polysilicon, monocrystalline and multicrystalline silicon wafers, and PV cells and modules. Currently there are no analysts that rate ReneSola a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for ReneSola has been 3.6 million shares per day over the past 30 days. ReneSola has a market cap of $345.5 million and is part of the technology sector and electronics industry. Shares are up 159.7% year to date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates ReneSola as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and poor profit margins.

Highlights from the ratings report include:

  • The debt-to-equity ratio is very high at 3.26 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.41, which clearly demonstrates the inability to cover short-term cash needs.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, RENESOLA LTD's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for RENESOLA LTD is currently extremely low, coming in at 14.52%. Regardless of SOL's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, SOL's net profit margin of -5.58% significantly underperformed when compared to the industry average.
  • RENESOLA LTD has improved earnings per share by 40.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, RENESOLA LTD reported poor results of -$2.80 versus -$0.01 in the prior year. This year, the market expects an improvement in earnings (-$0.95 versus -$2.80).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 39.5% when compared to the same quarter one year prior, rising from -$34.79 million to -$21.06 million.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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