ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States, Canada, Europe, and internationally. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells project rights. In addition, its engineering, procurement, and construction business provides engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2021, it operated approximately 100 solar power projects with an aggregate capacity of 180 megawatts. ReneSola Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.
P/S ratio for ReneSola Ltd (SOL)
P/S ratio as of 2023: 1.46
According to ReneSola Ltd's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 1.46. At the end of 2022 the company had a P/S ratio of 3.60.
P/S ratio history for ReneSola Ltd from 2004 to 2023
P/S ratio at the end of each year
| Year | P/S ratio |
|---|---|
| 2023 | 1.46 |
| 2022 | 3.60 |
| 2021 | 5.16 |
| 2020 | 7.60 |
| 2019 | 0.48 |
| 2018 | 0.47 |
| 2017 | 0.71 |
| 2016 | 0.07 |
| 2015 | 0.14 |
| 2014 | 0.09 |
| 2013 | 0.21 |
| 2012 | 0.14 |
| 2011 | 0.13 |
| 2010 | 0.63 |
| 2009 | 0.69 |
| 2008 | 0.42 |
| 2007 | 2.61 |
| 2006 | 6.09 |
| 2005 | 85.10 |
| 2004 | 0.00 |