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2.06 (1y: +40%)
Market Cap 174.5 M P/E(ttm)
Enterprise Value 1.1 B P/B 0.50
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry		 vs
history
Cash to Debt 0.103
SOL's Cash to Debt is ranked lower than
70% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 4.44 vs. SOL: 0.103 )
SOL' s 10-Year Cash to Debt Range
Min: 0.1   Max: 0.67
Current: 0.1
0.1
0.67
Equity to Asset 0.177
SOL's Equity to Asset is ranked lower than
70% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 0.63 vs. SOL: 0.177 )
SOL' s 10-Year Equity to Asset Range
Min: 0.18   Max: 0.56
Current: 0.18
0.18
0.56
F-Score: 2
Z-Score: -0.28
M-Score: -3.63
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) -18.50
SOL's Operating margin (%) is ranked lower than
65% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 2.10 vs. SOL: -18.50 )
SOL' s 10-Year Operating margin (%) Range
Min: -18.5   Max: 26.4
Current: -18.5
-18.5
26.4
Net-margin (%) -25
SOL's Net-margin (%) is ranked lower than
66% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 1.10 vs. SOL: -25 )
SOL' s 10-Year Net-margin (%) Range
Min: -25   Max: 30
Current: -25
-25
30
ROE (%) -66.6
SOL's ROE (%) is ranked lower than
73% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 1.20 vs. SOL: -66.6 )
SOL' s 10-Year ROE (%) Range
Min: -66.6   Max: 44.1
Current: -66.6
-66.6
44.1
ROA (%) -11.8
SOL's ROA (%) is ranked lower than
64% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 0.80 vs. SOL: -11.8 )
SOL' s 10-Year ROA (%) Range
Min: -11.8   Max: 19.7
Current: -11.8
-11.8
19.7
ROC (Joel Greenblatt) (%) -15.20
SOL's ROC (Joel Greenblatt) (%) is ranked lower than
61% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 4.00 vs. SOL: -15.20 )
SOL' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -15.2   Max: 38.3
Current: -15.2
-15.2
38.3
Revenue Growth (%) 12.9
SOL's Revenue Growth (%) is ranked higher than
89% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. SOL: 12.9 )
SOL' s 10-Year Revenue Growth (%) Range
Min: 1.8   Max: 189.6
Current: 12.9
1.8
189.6
EPS Growth (%) 30
SOL's EPS Growth (%) is ranked higher than
95% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. SOL: 30 )
SOL' s 10-Year EPS Growth (%) Range
Min: -100   Max: 30
Current: 30
-100
30
» SOL's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q3 2011

SOL Guru Trades in Q3 2011

Bruce Kovner 245,066 sh (+148.74%)
» More
Q4 2011

SOL Guru Trades in Q4 2011

Bruce Kovner Sold Out
» More
Q4 2012

SOL Guru Trades in Q4 2012

Jim Simons 281,190 sh (New)
» More
Q1 2013

SOL Guru Trades in Q1 2013

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with SOL

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2011-03-31 Sold Out $8.61 - $12.73 $ 2.06-80%0
George Soros 2010-12-31 Add 3051.26%0.04%$8.02 - $14.55 $ 2.06-81%375000
Mario Gabelli 2010-12-31 Sold Out 0.01%$8.02 - $14.55 $ 2.06-81%0
Mario Gabelli 2010-09-30 New Buy0.01%$6.56 - $12.17 $ 2.06-76%95000
George Soros 2010-09-30 Reduce -23.72%$6.56 - $12.17 $ 2.06-76%11900
George Soros 2010-06-30 New Buy$5.28 - $7.81 $ 2.06-68%15600
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/B 0.50
SOL's P/B is ranked higher than
94% of the 931 Companies
in the Global Solar industry.

( Industry Median: 1.44 vs. SOL: 0.50 )
SOL' s 10-Year P/B Range
Min: 0.2   Max: 6.33
Current: 0.5
0.2
6.33
P/S 0.17
SOL's P/S is ranked higher than
96% of the 963 Companies
in the Global Solar industry.

( Industry Median: 1.35 vs. SOL: 0.17 )
SOL' s 10-Year P/S Range
Min: 0.11   Max: 4.58
Current: 0.17
0.11
4.58
PFCF 1.80
SOL's PFCF is ranked higher than
98% of the 592 Companies
in the Global Solar industry.

( Industry Median: 17.52 vs. SOL: 1.80 )
SOL' s 10-Year PFCF Range
Min: 1.8   Max: 10.7
Current: 1.8
1.8
10.7
EV-to-EBIT 6.3
SOL's EV-to-EBIT is ranked higher than
89% of the 532 Companies
in the Global Solar industry.

( Industry Median: 16.37 vs. SOL: 6.3 )
SOL' s 10-Year EV-to-EBIT Range
Min: 1.6   Max: 52.2
Current: 6.3
1.6
52.2

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 0.6
SOL's Price/Net Current Asset Value is ranked higher than
99% of the 824 Companies
in the Global Solar industry.

( Industry Median: 10.50 vs. SOL: 0.6 )
SOL' s 10-Year Price/Net Current Asset Value Range
Min: 0.4   Max: 4.5
Current: 0.6
0.4
4.5
Price/Tangible Book 0.5
SOL's Price/Tangible Book is ranked higher than
94% of the 865 Companies
in the Global Solar industry.

( Industry Median: 1.60 vs. SOL: 0.5 )
SOL' s 10-Year Price/Tangible Book Range
Min: 0.2   Max: 1.3
Current: 0.5
0.2
1.3
Price/Median PS Value 0.3
SOL's Price/Median PS Value is ranked higher than
96% of the 861 Companies
in the Global Solar industry.

( Industry Median: 1.00 vs. SOL: 0.3 )
SOL' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.2
Current: 0.3
0.3
1.2
Forward Rate of Return (Yacktman) -99.5
SOL's Forward Rate of Return (Yacktman) is ranked lower than
75% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. SOL: -99.5 )
SOL' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -175.6   Max: -87.2
Current: -99.5
-175.6
-87.2

Business Description

ReneSola Ltd. is a British Virgin Islands company, which conducts its business mainly through its subsidiary, Zhejiang Yuhui. The Company develops, manufactures and sells solar wafers, which are thin sheets of crystalline silicon material mainly made by slicing monocrystalline or multicrystalline ingots. It offers monocrystalline wafers and multicrystalline wafers of various sizes and thicknesses. The Company also offers ingot and wafer processing services to certain customers. It produces solar wafers using a range of silicon raw materials, including reclaimable silicon raw materials, in the form of partially-processed and broken wafers, broken solar cells, pot scrap, silicon powder, ingot tops and tails and other off-cuts. The key raw material for its wafer production is polysilicon. Currently, the Company uses polysilicon as primary feedstock to produce solar wafers. It procures its raw materials from diversified sources. The Company's customers include some of the global manufacturers of solar cells and modules, such as JA Solar Co., Ltd., Motech Industries Inc., Solarfun Power Holding Ltd. and Suntech Power Co., Ltd. It currently sells its solar wafers mainly to solar cell and module manufacturers. The solar power market is competitive and continually evolving. The Company's competitors include specialized solar wafer manufacturers such as LDK Solar Co., Ltd., Jiangsu Shunda PV-Tech Co., Ltd. and Jinggong P-D Shaoxing Solar Energy Technology Co., Ltd. The competitors also include solar wafer manufacturing divisions of large conglomerates engaging in solar wafer manufacturing such as Deutsche Solar AG, Kyocera Corporation and M. SETEK Co., Ltd. The Company is subject to a number of governmental regulations related to environmental protection.
Company Website
Industry: Solar
Compare:FSLR, SPWR, CSSXF, TSL, LDK
Traded in other countries:VQKA.Germany
» More Articles for NYSE:SOL

Headlines

Articles On GuruFocus.com
These Chinese Solar Stocks Can Beat U.S. Solar Stocks Mar 10 2012 
Good management, hea Aug 18 2011 
Joseph Piotroski Picks: Part 1 Jun 14 2011 
ReneSola Ltd Announces Second Quarter 2009 Results Aug 12 2009 

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