Major indices finish lower amid GE earnings disappointment >>> READ MORE

5 Solar Stocks That Are Burning Out

Prepare to sell or even short these five companies as bearish momentum builds

      View All  

ReneSola (SOL)

Click to Enlarge
Another player among Chinese solar stocks, ReneSola (SOL), started in 2005 and is trying to achieve full-year profitability after losing $2.31 a share in 2012.

Revenues are expected to grow 50% between 2012 and 2014, but the sustainability of those estimates depends on emerging market growth, the health of the Chinese economy and the continuation of social subsidies and green energy requirements that are funding the construction of projects, such as the 54 MW “Alamo II” power plant that SOL will help build in Texas.

Shares of SOL are threatening to fall down and out of a five-month pennant formation in a big way.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC