shamapant (81.30)

Is Mr. Market being Real with Renesola?

June 18, 2011 – Comments (1) | RELATED TICKERS: SOL

NYSE: SOL, Renesola is a "manufacturer of solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells."-Fool.

 Right now, this solar company sells at outrageous ratios: P/E of 1.4 compared to industry 13.6, price to sales of 0.21 compared to industry 2.61, Price to Tangible book of .72 where the industry is at 3.27. It even trades at 1.1x cash flow where the industry is trading at 7.7....the ratios are yelling: BARGAIN! MARKET MISPRICING. 

Now of course, you can never look at the ratios alone. However, from the limited research I have done, Renesola seems to be doing fine-It has had a CAPS rating of 4+ stars for the last 2 years(more maybe, Idk how to tell). Just a thought.  Shamapant