Based on the aggregated intelligence of 115,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, solar-wafer maker ReneSola
With that in mind, let's take a closer look at ReneSola's business, and see what CAPS investors are saying about the stock right now.
ReneSola facts
Headquarters (Founded) |
Jiashan, China (2003) |
Market Cap |
$2.30 billion |
Industry |
Semiconductor Equipment |
TTM Revenue |
$463.89 million |
Management |
CEO Xian Shou Li (since 2005) CFO Xiaoshu Bai (since 2006) |
TTM Return on Equity |
25.4% |
Major Competitors |
LDK Solar
MEMC Electronic Materials |
CAPS members bullish on SOL also bullish on |
Suntech Power
Solarfun Power |
CAPS members bearish on SOL also bearish on |
Wachovia
Sears Holdings |
Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS. TTM = trailing 12 months.
Over on CAPS, Some 97% of the 128 All-Star members who have rated ReneSola believe the stock will outperform the S&P 500 going forward. These All-Star bulls include puccini3005 and pennysplants, both of whom are ranked in the top 10% of our community.
In May, puccini3005 noted that ReneSola is a "Red hot stock with great earnings, supplying solar wafers in china and internationally, in an industry flush with demand. They name major players BP Solar, Sharp, Suntech, JA Solar, and Solarfun (highlights) as business partners..."
A more recent pitch from pennysplants in June followed that bullish line of thinking, highlighting the stock as a relatively attractive foreign IPO play:
I usually stay away from recent IPOs (especially China IPOs). But, this seems to be a particularly strong solar stock that is in transition. Secondary offering @ $20.50 (including cash-outs by original (pre-IPO) stockholders), provided a reasonable entry point. If the stub price "keeps the faith" after the $20.50 secondary, then I will feel confident about this invstment decision. If not, well ... I still have a lot to learn.
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