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||$850.25 million|
|Trailing-12-Month Revenue||$1.21 billion|
CEO Xianshou Li (since 2005)
CFO Julia Xu (since 2010)
|Return on Capital (average, past 3 years)||7.7%|
|Cash/Debt||$294 million / $522.3 million|
MEMC Electronic Materials
Yingli Green Energy
Sources: Capital IQ (a division of Standard & Poor's) and Motley Fool CAPS.
Just last month , Jonebone tapped ReneSola's recent price weakness as an opportunity to pounce: "$15 by summer, going to be one of the leaders in the Chinese solar market. Perfect fundamentals as well as an awesome technical pullback, this is a no-brainer."
In fact, ReneSola currently sports a particularly paltry forward P/E of 4.8. That represents a clear discount to rivals such as MEMC (8.8), Trina Solar (6.7), and Yingli Green (7.9).
CAPS member meadornack expands on the outperform argument:
Everything looks good with ReneSola Ltd (SOL).
Revenue increased by 136% in 2010. Growth was driven by strong sales of the company's popular solar modules. For the full 2011 year, analysts project revenue will increase 11.3% to $1.3 billion, then another 4.1% to $1.4 billion, by 2012, as shipments and customer orders continue to increase.
Along with high growth outlook, SOL has an equally as bright earnings outlook. And to top it off, the stock has a low trailing price-to-earnings ratio (P/E) under 5.
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