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Also traded in: Germany, Mexico, Switzerland

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 : 7/10

vs
industry
vs
history
Cash to Debt 0.12
SOL's Cash to Debt is ranked lower than
93% of the 834 Companies
in the Global Solar industry.

( Industry Median: 1.59 vs. SOL: 0.12 )
Ranked among companies with meaningful Cash to Debt only.
SOL' s Cash to Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.31 Max: N/A
Current: 0.12
Equity to Asset 0.08
SOL's Equity to Asset is ranked lower than
96% of the 828 Companies
in the Global Solar industry.

( Industry Median: 0.63 vs. SOL: 0.08 )
Ranked among companies with meaningful Equity to Asset only.
SOL' s Equity to Asset Range Over the Past 10 Years
Min: 0.08  Med: 0.28 Max: 0.56
Current: 0.08
0.08
0.56
Interest Coverage 0.23
SOL's Interest Coverage is ranked lower than
99% of the 523 Companies
in the Global Solar industry.

( Industry Median: 485.17 vs. SOL: 0.23 )
Ranked among companies with meaningful Interest Coverage only.
SOL' s Interest Coverage Range Over the Past 10 Years
Min: 0.17  Med: 10.11 Max: 67.18
Current: 0.23
0.17
67.18
F-Score: 5
Z-Score: 0.23
M-Score: -2.95
WACC vs ROIC
8.21%
1.59%
WACC
ROIC
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 (%) 0.74
SOL's Operating margin (%) is ranked lower than
65% of the 827 Companies
in the Global Solar industry.

( Industry Median: 4.25 vs. SOL: 0.74 )
Ranked among companies with meaningful Operating margin (%) only.
SOL' s Operating margin (%) Range Over the Past 10 Years
Min: -18.47  Med: 0.85 Max: 26.35
Current: 0.74
-18.47
26.35
Net-margin (%) -1.44
SOL's Net-margin (%) is ranked lower than
71% of the 826 Companies
in the Global Solar industry.

( Industry Median: 3.85 vs. SOL: -1.44 )
Ranked among companies with meaningful Net-margin (%) only.
SOL' s Net-margin (%) Range Over the Past 10 Years
Min: -25.02  Med: -1.06 Max: 29.99
Current: -1.44
-25.02
29.99
ROE (%) -15.67
SOL's ROE (%) is ranked lower than
85% of the 811 Companies
in the Global Solar industry.

( Industry Median: 5.22 vs. SOL: -15.67 )
Ranked among companies with meaningful ROE (%) only.
SOL' s ROE (%) Range Over the Past 10 Years
Min: -97.21  Med: -9.21 Max: 75.81
Current: -15.67
-97.21
75.81
ROA (%) -1.23
SOL's ROA (%) is ranked lower than
71% of the 837 Companies
in the Global Solar industry.

( Industry Median: 2.78 vs. SOL: -1.23 )
Ranked among companies with meaningful ROA (%) only.
SOL' s ROA (%) Range Over the Past 10 Years
Min: -12.33  Med: -0.88 Max: 36.5
Current: -1.23
-12.33
36.5
ROC (Joel Greenblatt) (%) 3.21
SOL's ROC (Joel Greenblatt) (%) is ranked lower than
62% of the 837 Companies
in the Global Solar industry.

( Industry Median: 9.18 vs. SOL: 3.21 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
SOL' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -19.79  Med: 2.62 Max: 75.7
Current: 3.21
-19.79
75.7
Revenue Growth (3Y)(%) 10.60
SOL's Revenue Growth (3Y)(%) is ranked higher than
80% of the 718 Companies
in the Global Solar industry.

( Industry Median: -1.10 vs. SOL: 10.60 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
SOL' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 14.05 Max: 312.8
Current: 10.6
0
312.8
EBITDA Growth (3Y)(%) -8.20
SOL's EBITDA Growth (3Y)(%) is ranked lower than
66% of the 527 Companies
in the Global Solar industry.

( Industry Median: 1.90 vs. SOL: -8.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
SOL' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -3.35 Max: 61.2
Current: -8.2
0
61.2
» SOL's 10-Y Financials

Financials


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

» Details

Guru Trades

SOL Guru Trades in

Q1 2015

SOL Guru Trades in Q1 2015

Jim Simons 122,400 sh (New)
» More
Q2 2015

SOL Guru Trades in Q2 2015

Jim Simons 575,500 sh (+370.18%)
» More
Q3 2015

SOL Guru Trades in Q3 2015

Jim Simons 661,200 sh (+14.89%)
» More
» Details

Insider Trades

Latest Guru Trades with SOL

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
Forward P/E 44.05
SOL's Forward P/E is ranked lower than
90% of the 449 Companies
in the Global Solar industry.

( Industry Median: 14.39 vs. SOL: 44.05 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 1.19
SOL's P/B is ranked higher than
54% of the 944 Companies
in the Global Solar industry.

( Industry Median: 1.26 vs. SOL: 1.19 )
Ranked among companies with meaningful P/B only.
SOL' s P/B Range Over the Past 10 Years
Min: 0.2  Med: 1.17 Max: 6.83
Current: 1.19
0.2
6.83
P/S 0.10
SOL's P/S is ranked higher than
98% of the 945 Companies
in the Global Solar industry.

( Industry Median: 1.09 vs. SOL: 0.10 )
Ranked among companies with meaningful P/S only.
SOL' s P/S Range Over the Past 10 Years
Min: 0.07  Med: 0.24 Max: 4.58
Current: 0.1
0.07
4.58
PFCF 3.82
SOL's PFCF is ranked higher than
95% of the 600 Companies
in the Global Solar industry.

( Industry Median: 16.86 vs. SOL: 3.82 )
Ranked among companies with meaningful PFCF only.
SOL' s PFCF Range Over the Past 10 Years
Min: 2.6  Med: 4.18 Max: 10.18
Current: 3.82
2.6
10.18
POCF 3.34
SOL's POCF is ranked higher than
92% of the 762 Companies
in the Global Solar industry.

( Industry Median: 11.40 vs. SOL: 3.34 )
Ranked among companies with meaningful POCF only.
SOL' s POCF Range Over the Past 10 Years
Min: 1.08  Med: 2.86 Max: 16.84
Current: 3.34
1.08
16.84
EV-to-EBIT 29.03
SOL's EV-to-EBIT is ranked lower than
74% of the 780 Companies
in the Global Solar industry.

( Industry Median: 13.57 vs. SOL: 29.03 )
Ranked among companies with meaningful EV-to-EBIT only.
SOL' s EV-to-EBIT Range Over the Past 10 Years
Min: -13.1  Med: 2.30 Max: 118.6
Current: 29.03
-13.1
118.6
EV-to-EBITDA 11.04
SOL's EV-to-EBITDA is ranked lower than
52% of the 882 Companies
in the Global Solar industry.

( Industry Median: 10.61 vs. SOL: 11.04 )
Ranked among companies with meaningful EV-to-EBITDA only.
SOL' s EV-to-EBITDA Range Over the Past 10 Years
Min: -31.3  Med: 2.20 Max: 48.3
Current: 11.04
-31.3
48.3
Current Ratio 0.57
SOL's Current Ratio is ranked lower than
96% of the 831 Companies
in the Global Solar industry.

( Industry Median: 2.38 vs. SOL: 0.57 )
Ranked among companies with meaningful Current Ratio only.
SOL' s Current Ratio Range Over the Past 10 Years
Min: 0.57  Med: 0.86 Max: 2.34
Current: 0.57
0.57
2.34
Quick Ratio 0.40
SOL's Quick Ratio is ranked lower than
96% of the 831 Companies
in the Global Solar industry.

( Industry Median: 1.79 vs. SOL: 0.40 )
Ranked among companies with meaningful Quick Ratio only.
SOL' s Quick Ratio Range Over the Past 10 Years
Min: 0.36  Med: 0.64 Max: 1.57
Current: 0.4
0.36
1.57
Days Inventory 93.22
SOL's Days Inventory is ranked lower than
58% of the 804 Companies
in the Global Solar industry.

( Industry Median: 82.83 vs. SOL: 93.22 )
Ranked among companies with meaningful Days Inventory only.
SOL' s Days Inventory Range Over the Past 10 Years
Min: 65.64  Med: 88.85 Max: 160.51
Current: 93.22
65.64
160.51
Days Sales Outstanding 34.08
SOL's Days Sales Outstanding is ranked higher than
84% of the 752 Companies
in the Global Solar industry.

( Industry Median: 65.89 vs. SOL: 34.08 )
Ranked among companies with meaningful Days Sales Outstanding only.
SOL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 3  Med: 27.04 Max: 81.67
Current: 34.08
3
81.67
Days Payable 99.28
SOL's Days Payable is ranked higher than
83% of the 756 Companies
in the Global Solar industry.

( Industry Median: 51.88 vs. SOL: 99.28 )
Ranked among companies with meaningful Days Payable only.
SOL' s Days Payable Range Over the Past 10 Years
Min: 20.23  Med: 95.38 Max: 175.46
Current: 99.28
20.23
175.46

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.20
SOL's Price/Tangible Book is ranked higher than
75% of the 945 Companies
in the Global Solar industry.

( Industry Median: 1.54 vs. SOL: 1.20 )
Ranked among companies with meaningful Price/Tangible Book only.
SOL' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.21  Med: 1.18 Max: 2.98
Current: 1.2
0.21
2.98
Price/Median PS Value 0.40
SOL's Price/Median PS Value is ranked higher than
93% of the 945 Companies
in the Global Solar industry.

( Industry Median: 0.89 vs. SOL: 0.40 )
Ranked among companies with meaningful Price/Median PS Value only.
SOL' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.3  Med: 1.00 Max: 11.61
Current: 0.4
0.3
11.61
Earnings Yield (Greenblatt) (%) 3.47
SOL's Earnings Yield (Greenblatt) (%) is ranked lower than
51% of the 823 Companies
in the Global Solar industry.

( Industry Median: 3.60 vs. SOL: 3.47 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
SOL' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.8  Med: 4.75 Max: 66.9
Current: 3.47
0.8
66.9

More Statistics

Revenue(Mil) $1373
EPS $ -0.20
Beta2.43
Short Percentage of Float1.11%
52-Week Range $0.91 - 1.97
Shares Outstanding(Mil)102.31

Analyst Estimate

Dec15 Dec16
Revenue(Mil) 1,263 1,227
EPS($) -0.26 -0.14
EPS without NRI($) -0.26 -0.14

Latest Earnings Webcast

» More Conference Calls

Business Description

Industry: Semiconductors » Solar
Compare:FSLR, SPWR, CSSXF, TSL, LDK » details
Traded in other countries:VQKA.Germany, SOLN.Mexico, RESOL.Switzerland,
ReneSola Ltd was incorporated as a limited liability company in the British Virgin Islands on March 17, 2006. The Company is a manufacturer of solar power products based in China. Capitalizing on proprietary technologies, economies of scale, low cost production capabilities, technical innovations and know-how and leveraging its in-house polysilicon, wafer and module manufacturing capabilities, it provides its customers with solar power products and processing services. It provides solar power products to a global network of suppliers and customers, which includes global manufacturers of solar cells and modules and distributors, installers and end users of solar modules. Its segments include wafer sales segment, which involves the manufacture and sales of monocrystalline and multicrystalline solar wafers; and module sales segment, which involves the manufacture and sales of solar cells and modules. Its competitors include integrated solar power product manufacturers, specialized solar wafer manufacturers, solar wafer manufacturing divisions of large conglomerates, specialized cell and module manufacturers, polysilicon suppliers with ingot and wafer producing capacities, integrated module manufacturers and end-market system integrators. Its trademarks include "ReneSola" and "Replus by ReneSola". The Company is subject to a variety of governmental regulations related to environmental protection.
» More Articles for SOL

Headlines

Articles On GuruFocus.com
Why ReneSola Can Be a Good Long-Term Pick May 27 2015 
ReneSola: Move into LED Lighting Is Another Growth Driver May 06 2015 
ReneSola: Good Stock to Buy for the Long-term May 04 2015 
ReneSola Looks Well-Positioned to Deliver Long-Term Gains Apr 17 2015 
ReneSola Has Huge Potential For Growth Jan 07 2015 
These Chinese Solar Stocks Can Beat U.S. Solar Stocks Mar 10 2012 
Joseph Piotroski Picks: Part 1 Jun 14 2011 

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