Based on the lastest quarterly filings, institutions continue to be large stakeholders in ReneSola Ltd (NYSE:SOL).  The big banks are holding 15.80% of the shares while company insiders are clinging to 46.30%.  Shares of ReneSola Ltd are currently valued at $2.21 with a furture target price of $2.60 according to research brokerages.  

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ReneSola Ltd (NYSE:SOL)’s stock has been a favorite of “smart money” aka institutions, as of late.  Institutions are currently holders of 15.80% of the shares.  On the other hand, company insiders are holding 46.30%.  ReneSola Ltd’s stock price currently sits at $2.21.

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, ReneSola Ltd (NYSE:SOL)’s stock was -16.92%.  Over the last week of the month, it was -3.69%, -10.16% over the last quarter, and  -12.65% for the past six months. 

Over the past 50 days, ReneSola Ltd stock was -14.34% off of the high and 0.45% removed from the low.  Their 52-Week High and Low are noted here.  -41.62% (High), 4.25%, (Low). 

ReneSola Ltd (NYSE:SOL)’s RSI (Relative Strength Index) is 34.86.  RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

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Another important element to consider is the price target and recommendations from brokerage firm analysts.  On a consensus basis the Street sees the stock heading to 2.60 in the near term.  Based on a 1 to 5 integer scale, analysts have a 3.00 recommendation on the name.

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