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S&P 500: 1,317.45 Change: +0.03%
dk3
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Commentary
BUY: RENESOLA LTD (SOL) Rating: 2
Start Price: $10.65
Points: -88.80
Created: 01/27/2011
Supplier to a number of major manufacturers limits risks from particular markets. Earnings estimates for FY 2011 are $2.15. I expect global demand will be somewhat lower than analysts anticipate, so earnings might be 30% less, around $1.50. With a conservative PE multiple of 12, this stock should easily approach $18 in a year.

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