Shares of Renesola Ltd. ADR (NYSE:SOL) traded at a new 52-week high today of $28.48. This new high was reached on below average trading volume as 1.9 million shares traded hands, while the average 30-day volume is approximately 5.1 million shares.
ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company”s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.
In the past 52 weeks, shares of Renesola Ltd. ADR have traded between a low of $0.85 and a high of $28.48 and is now at $28.16, which is 3,201% above that low price.
Renesola Ltd. ADR (NYSE:SOL) defies analysts with a current price ($28.16) 76.3% above its average consensus price target of $6.69.
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