ReneSola Ltd (NYSE:SOL)

Found using the GROWTH AT A REASONABLE PRICE (GAARP) screen at Reuters Stock Screener

Current investors are scared that Europe will cut back incentive programs for solar energy due to the debt crisis. Demand for solar energy will fall in the short term.

However, in the longer term, energy prices from traditional sources will undoubtedly rise due to the increasing energy demand from developing nations. The country that will drive a large part of that increase in energy demand will be China. As demand for energy continues to ramp up in China, sources of earnings will begin to shift from foreign demand to domestic demand and whatever happens in Europe or the rest of the world, will play a lesser role in the price of Chinese solar stocks.

Fear in the market overlooks this longer-term dynamic. China has a tremendous interest in developing sources of cheap energy since the future of their domestic energy demand is huge. As a result, they will continue to support their alternative energy sector. Within this sector, SOL is one of the most undervalued among Chinese solar stocks. Unprecedented fear in the markets today presents a once-in-a-lifetime buying opportunity.

All solar stocks are being punished for Solyndra, Fisker, etc. loans. Solar panels and phase inverters are here to stay. Of course there will be a shake out--and those with real technological advantages will survive or be acquired. SOL is cheap and has a cool or unfortunate ticker symbol depending on how you look at it.

STP

I hate trying to call a bottom, but at 2.32 a share, with actual earnings, and MOST IMPORTANT little debt, Renesola should be a survivor and bounce back nicely when the overreaction to solar weakness subsides a bit.

Because Canadian Tar sands oil costs 2 units of energy for every one you get to use.

super low p/e

Based on the price, expectations are remarkably low. Very low p/b and p/e, perhaps a bit of a fraud discount. There will be consolidation and margin contraction in the industry but the current price isnt justified.

cheap green energy stock

This stock will soon hit bottom and work its way back up.

CFO resigned. So what.

Well Positioned for solar growth in the future. The focus on wafers as well as expanding to modules I think will pay off very well.

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.

Forward P/E (fye Dec 31, 2012)1: 3.02
PEG Ratio (5 yr expected)1: 0.16
Price/Sales (ttm): 0.29
Price/Book (mrq): 0.61
Enterprise Value/Revenue (ttm)3: 0.52
Enterprise Value/EBITDA (ttm)3: 1.90

How low will it go ? below 5 is a real bargain.. even the shorts will get in at 5 dollars.

The stock price per share of Renesola Ltd should be $10.00 per share to be a fair price. At the writing of this comment, Renesola stock price is standing at $7.20 per share.

The maximum price should be $15.00 for now, and in the future, expect it to rise to at least $37 per share.

That's about $29.80 gap for now. A 100 share stock position should earn $2980 excluding capital. In other words, about 500% + of gain.

Buying on the dips are strongly advised as the solar industry will be advancing at a rapid pace after the recent weakness.

Wall Street does not like Chineese stocks - this is no secret - the avarage PE for a China stock is 5. If ReneSola was an american stock it would be priced more than double its current pricing.
I guess this is american petriotism issue or something because I see no other explanation for Rene to trade at such low PE while american companys that are loosing money Q ater Q are still trading at much higher valiation.

High grouth sector

Very cheap, even accounting for continued risks around European subsidies and potential downward adjustments in Q2 guidance across the space.