Streetbeat News

SOL

ReneSola Ltd

https://www.renesolapower.com

Industry

Solar

ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States, Canada, Europe, and internationally. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells project rights. In addition, its engineering, procurement, and construction business provides engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2021, it operated approximately 100 solar power projects with an aggregate capacity of 180 megawatts. ReneSola Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.

Open

1.96

Mkt cap

101M

Volume

372K

High

1.96

P/E Ratio

-6.16

52-wk high

3.00

Low

1.76

Div yield

N/A

52-wk low

1.41

Crypto analyst Ali Martinez suggests the low crowd sentiment for Solana (SOL) presents a contrarian investment opportunity. Despite a recent downturn, Solana's year-to-date performance is up 74%, but it remains 32.3% below its all-time high. The broader cryptocurrency market, including meme coins, has shown positive trends in 2024.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 4:50 am

Dogecoin (DOGE) experienced a significant rally over the weekend, surpassing the $0.20 mark for the first time since April 2, with an 11.37% increase to $0.202750. Crypto analyst Ali Martinez and trader Yomi highlighted DOGE's potential for a new bull market, comparing its current pattern to the 2018-2021 trend. Additionally, the Solana-based meme coin Dogwifhat (WIF) also saw a notable increase, rising 9.52% to $3.6726.

Portfolio Pulse from Shanthi Rexaline

April 07, 2024 | 3:47 pm

The article discusses the impact of crypto on society, focusing on Friend.tech's upcoming airdrop, influencer Ansem's role in the crypto community, and broader concerns about the 'dumbing down of America.' Friend.tech, likened to a crypto version of Onlyfans, is gaining attention for its airdrop of $FRIEND tokens. Ansem, a prominent Solana supporter, is highlighted for his market influence. The piece also touches on societal shifts towards a service and information economy, as critiqued by Carl Sagan in 1995, suggesting crypto may be exacerbating these trends.

Portfolio Pulse from Ivan Crnogatić

April 07, 2024 | 2:54 pm

The article discusses the hidden costs in DeFi, beyond upfront gas fees, that can impact investor returns, such as Impermanent Loss, Loss-Versus-Rebalancing, Slippage, and Maximal Extractable Value. It mentions traditional payment processors like Visa and Mastercard for comparison and highlights the dynamic nature of gas fees on platforms like Ethereum and Solana. It suggests ways to mitigate these costs, including understanding AMM models, researching platform strategies, and using tools like LlamaSwap, 1inch, Matcha, and Flashbots Protect. Newer oracle protocols like Pyth are also mentioned as innovative solutions.

Portfolio Pulse from Benzinga Contributor

April 05, 2024 | 9:22 pm

The crypto venture capital landscape in 2024 is shifting towards projects with real-world utility, particularly in AI and Layer-2 solutions. Traditional VCs are re-engaging, with significant interest in AI-related cryptocurrencies like Bittensor, Near Protocol, Fetch, and Render. The industry is moving away from memecoins and NFT hype, focusing on technological sophistication and scalability. Infrastructure projects, especially those involving zero-knowledge proofs and restaking, are also attracting attention. However, NFTs and GameFi sectors are experiencing a decline in funding.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 4:40 pm

Arkham Intelligence highlighted the 'top five fumbles' by cryptocurrency traders in 2024, missing out on over $200 million by selling meme coins too early. Instances include significant losses on Dogwifhat (WIF), Book Of Meme (BOME), Jeo Boden (BODEN), Degen (DEGEN), and Brett (BRETT). The report underscores the volatility and timing criticality in the cryptocurrency market, referencing past successes and failures like the 'Dogecoin millionaire.' The upcoming Benzinga's Future of Digital Assets event will further explore meme coins and Bitcoin's institutional impact.

Portfolio Pulse from Khyathi Dalal

April 05, 2024 | 3:30 pm

Crypto analyst Willy Woo expressed skepticism about Layer 1 networks like Ethereum, Solana, and Radix becoming hard money, comparing their evolution to programming languages that fall in and out of favor. He highlighted Bitcoin's simplicity and protocol-like nature as potentially more enduring.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 6:51 am

Cannabis stocks experienced significant movements on April 4, 2024, with notable gainers including Choom Holdings, Target Group, and Heritage Cannabis Holding. Conversely, CNBX Pharmaceuticals and Global Compliance led the losers. The volatility reflects ongoing market adjustments within the cannabis sector.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 8:30 pm

Jeo Boden (BODEN), a Solana-based meme coin parodying President Joe Biden, has surpassed a $500 million market cap, marking a 40% surge and an 82% weekly gain. Popular in China, BODEN's rise is attributed to discussions on WeChat about Biden's gaffes. The coin now doubles the market cap of its rival, MAGA Memecoin (TRUMP). Social media predicts further growth, comparing its trajectory to other meme coins like dogwifhat (WIF) and suggesting mainstream media coverage at a $1 billion market cap.

Portfolio Pulse from Ivan Crnogatić

April 04, 2024 | 7:11 pm

Veteran crypto trader Cold Blooded Shiller evaluated Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) for investment potential, rating them on comfort and upside. Bitcoin was seen as offering strong downside protection with a 9/10 comfort and 6/10 upside rating. Ethereum was noted for its surprise potential, rated 6/10 for comfort and 8/10 for upside. Solana was highlighted as the 'golden child' with a 7/10 comfort and 9/10 upside rating. Shiller plans to base his portfolio around Solana post-correction.

Portfolio Pulse from Khyathi Dalal

April 04, 2024 | 5:39 pm

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