NEW YORK (TheStreet) -- Shares of ReneSola Ltd. (SOL) are higher by 9.77% to $3.37 in mid-morning trading on Monday, as solar stocks continue to rally from last week's announcement that China's National Energy Administration has issued updated policy details concerning distributed generation solar power.
The Chinese government's new policies are meant to encourage local governments to promote the increase of solar installations on the rooftops of private homes and businesses, and ground mounted plants of up to 20 megawatts, Nasdaq.com reported.
Other solar stocks still climbing off of the Chinese government's initiatives include: Trina Solar Limited (TSL) , higher by 2.52% to $14.62, Yingli Green Energy (YGE) , up 5.07% to $3.94, and JA Solar Holdings Co. (JASO) , up 2.79% to $10.32.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Separately, TheStreet Ratings team rates RENESOLA LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate RENESOLA LTD (SOL) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself."