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Roth Capital Downgrades ReneSola Ltd. (SOL) to Neutral; Q4 Results Strong, but Offset by Weak Outlook
March 9, 2016 9:38 AM ESTRoth Capital is downgraded ReneSola (NYSE: SOL) from Buy to Neutral and moving its price target from $1.70 to $1.45 following Q4 results and outlook.
Analyst Philip Shen commented, Back in December, we had upgraded SOL to a Buy as a result of the positive macro impact from the ITC extension improving the outlook for the U.S. market. Although the U.S. outlook has improved,... More
