Analysts See $-1.29 EPS for ReneSola Ltd. (ADR) (SOL), Ringcentral (RNG) Sentiment Is 1.1

May 17, 2017 - By Linda Rogers

Analysts expect ReneSola Ltd. (ADR) (NYSE:SOL) to report $-1.29 EPS on May, 22.They anticipate $1.59 EPS change or 530.00% from last quarter’s $0.3 EPS. After having $-1.26 EPS previously, ReneSola Ltd. (ADR)’s analysts see 2.38% EPS growth. The stock decreased 5.11% or $0.14 on May 16, reaching $2.6. About shares traded. ReneSola Ltd. (ADR) (NYSE:SOL) has risen 6.00% since April 17, 2017 and is uptrending. It has by 0.00% the S&P500.

RingCentral, Inc. is a provider of software-as-a-service solutions for businesses to support modern communications. The company has market cap of $2.58 billion. The Company’s cloud business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including high definition (HD) voice, video, short messaging service (SMS), messaging and collaboration, conferencing, online meetings, and fax. It currently has negative earnings. The Company’s products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and RingCentral Glip.

1492 Capital Management Llc holds 2.71% of its portfolio in RingCentral Inc for 170,255 shares. Harvest Capital Strategies Llc owns 525,000 shares or 1.47% of their US portfolio. Moreover, Gilder Gagnon Howe & Co Llc has 1.42% invested in the company for 3.49 million shares. The New York-based S Squared Technology Llc has invested 1.38% in the stock. Diker Management Llc, a New York-based fund reported 156,554 shares.

The stock increased 1.36% or $0.45 on May 16, reaching $33.5. About shares traded. RingCentral Inc (NYSE:RNG) has risen 6.00% since April 17, 2017 and is uptrending. It has by 0.00% the S&P500.

Ratings analysis reveals 100% of RingCentral’s analysts are positive. Out of 11 Wall Street analysts rating RingCentral, 11 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $22 while the high is $36. The stock’s average target of $28 is -16.42% below today’s ($33.5) share price. RNG was included in 22 notes of analysts from July 21, 2015. The rating was maintained by Jefferies with “Buy” on Thursday, August 4. RBC Capital Markets initiated it with “Outperform” rating and $23 target in Tuesday, October 6 report. RBC Capital Markets maintained RingCentral Inc (NYSE:RNG) rating on Wednesday, December 2. RBC Capital Markets has “Outperform” rating and $26 target. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, December 17. The firm has “Outperform” rating by Oppenheimer given on Tuesday, November 3. The firm has “Buy” rating given on Monday, August 10 by Canaccord Genuity. Morgan Stanley upgraded the shares of RNG in report on Tuesday, April 11 to “Overweight” rating. RBC Capital Markets maintained the shares of RNG in report on Wednesday, December 9 with “Outperform” rating. The stock of RingCentral Inc (NYSE:RNG) earned “Outperform” rating by Oppenheimer on Friday, July 31. The stock has “Overweight” rating by JP Morgan on Thursday, July 23.

Analysts await RingCentral Inc (NYSE:RNG) to report earnings on August, 2. They expect $-0.09 EPS, 0.00% or $0.00 from last year’s $-0.09 per share. After $-0.09 actual EPS reported by RingCentral Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since January 1, 0001, it had 0 insider buys, and 13 selling transactions for $14.48 million activity.

ReneSola Ltd is a holding company. The Firm is a brand and technology well-known provider of energy-efficient products based in China. The company has market cap of $52.23 million. The Company’s divisions include wafer sales, cell and module sales, and solar power projects. It currently has negative earnings. The wafer sales segment involves the manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services.

Among 4 analysts covering Renesola Ltd. (NYSE:SOL), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Renesola Ltd. had 6 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, August 28 by Zacks. The stock has “Buy” rating by TH Capital on Wednesday, December 16. Roth Capital downgraded ReneSola Ltd. (ADR) (NYSE:SOL) on Friday, August 5 to “Sell” rating. Roth Capital downgraded the shares of SOL in report on Wednesday, March 9 to “Hold” rating. On Wednesday, March 29 the stock rating was upgraded by Credit Suisse to “Neutral”.

Investors sentiment increased to 1.56 in 2016 Q4. Its up 1.06, from 0.5 in 2016Q3. It increased, as 3 investors sold ReneSola Ltd. (ADR) shares while 6 reduced holdings. 7 funds opened positions while 7 raised stakes. 12.48 million shares or 6.36% more from 11.74 million shares in 2016Q3 were reported. Jpmorgan Chase And invested in 0% or 1,790 shares. Royal Bancorp Of Canada invested in 0% or 24,065 shares. Next Gp Inc holds 1,000 shares. Wells Fargo & Mn holds 0% of its portfolio in ReneSola Ltd. (ADR) (NYSE:SOL) for 2,157 shares. Tci Wealth Advsrs invested in 0% or 30 shares. Acadian Asset Mngmt Ltd Liability Co has 0% invested in ReneSola Ltd. (ADR) (NYSE:SOL) for 1.44 million shares. Creative Planning holds 0% of its portfolio in ReneSola Ltd. (ADR) (NYSE:SOL) for 1,400 shares. Shah reported 7.33 million shares. Barclays Public Limited Company invested 0% of its portfolio in ReneSola Ltd. (ADR) (NYSE:SOL). 11,794 are held by State Street. Morgan Stanley holds 48,157 shares. Deutsche Natl Bank Ag reported 0% stake. Equitec Proprietary Markets Ltd Liability invested 0% in ReneSola Ltd. (ADR) (NYSE:SOL). Tower Rech Cap Ltd Liability Corp (Trc), a New York-based fund reported 22,140 shares. Renaissance Techs Limited Liability Com invested in 2.51M shares.