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ReneSola Ltd (ReneSola) is a manufacturer of solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells.
At this point with $5 range, this amazing stock has clearly at bottom. Even if prices of wafer modules go less, margins go less, SOL will be there as long as other big players are in market, and SOL will keep providing them with great quality parts they need.
That's exactly what I thought when SOL was at $8. I'm wondering now where the bottom really is for SOL. I agree its a good company with solid fundamentals, but the bulk of investors seem to be dropping SOL like hot potato.
Clearly hit bottom at $5, huh?
Maybe it hasn't hit rock bottom yet, but another website tells me it's outperformed the market for 4 weeks now, and at roughly 1/9th of it's 52 week high there's a lot of upside here. No insider selling for 2 YEARS is more evidence in in it's favor.
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