Based on the aggregated intelligence of 170,000-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.
|Headquarters (founded)||Jiashan, China (2003)|
|Market Cap||$852.3 million|
|Trailing-12-Month Revenue||$999 million|
CEO Xian Shou Li (since March 2005)
CFO Julia Xu (since April 2010)
|Return on Equity (average, past 3 years)||2.8%|
|Cash/Debt||$215.1 million / $542.15 million|
Yingli Green Energy
MEMC Electronic Materials
Sources: Capital IQ (a division of Standard & Poor's) and Motley Fool CAPS.
On CAPS, 95% of the 1,087 members who have rated ReneSola believe the stock will outperform the S&P 500 going forward. These bulls include ahwang84 and All-Star Seansonfire, who is ranked in the top 10% of our community.
Late last month, ahwang84 tapped ReneSola as a particularly multifunctional pick: "We all know that China is investing a lot of money in renewable energy and solar is one of the major plays. China + renewable energy + cheap = strong buy!"
While ReneSola continues to face increasingly ruthless competition, management has made some decent cost-cutting progress in recent months. Of course, with the stock trading at a clear forward P/E (4.9) discount to more established foes like Trina (7.2), MEMC (12.3), and Yingli (7.8), ReneSola investors should still be able to benefit from any further improvement.
CAPS All-Star Seansonfire elaborates:
ReneSola might not have the technology advantage that other solar producers like First Solar
(Nasdaq: FSLR)or SunPower (Nasdaq: SPWRA)have, but they have a tremendous growth plan for both Modules and Wafers. ... ReneSola's impressive manufacturing capacity growth plan will drive their earnings and revenues to double over the next year. They also have shown to have a strong cost advantage on the wafer side which will keep their gross margins up compared to some of their competitors.
What do you think about ReneSola, or any other stock for that matter? If you want to retire rich, you need to put together the best portfolio you can. Owning exceptional stocks is a surefire way to secure your financial future, and on Motley Fool CAPS, thousands of investors are working every day to find them. CAPS is 100% free, so get started!
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. First Solar is a Motley Fool Rule Breakers pick. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool's disclosure policy always gets a perfect score.