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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

2.17

Mkt cap

115M

Volume

134K

High

2.24

P/E Ratio

-7.03

52-wk high

3.00

Low

2.17

Div yield

N/A

52-wk low

1.41

The Solana-based meme cryptocurrency 'Book of Meow' (BOMEOW) surged 300%, reaching a market cap of $9M hours after trading began. This rise is part of a broader trend where cat-themed tokens, including MEOW with a 14,000% surge, are gaining investor interest despite Bitcoin's downturn.

Portfolio Pulse from Mehab Qureshi

April 04, 2024 | 6:15 am

A CoinGecko report highlights meme coins as the most profitable crypto narrative in Q1 2024, with a 1312.6% average price increase. New tokens like BRETT and BOME saw significant gains, while AI and DeFi narratives also experienced growth. Established Layer 2 solutions like Arbitrum, Polygon, and Optimism underperformed against newcomers Stacks and Mantle.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 9:31 pm

Cannabis stocks experienced significant movements on April 3, 2024, with notable gainers including Australis Capital, Aurora Cannabis, and Canopy Growth, among others. Conversely, Heritage Cannabis Holding and Global Hemp Group led the losers. The movements reflect volatile market conditions in the cannabis sector.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:30 pm

The 'Jeo Boden' meme coin, a Solana-based cryptocurrency parodying President Joe Biden, hit a new all-time high with a market cap of $379 million, surging over 50% in a day. Cryptocurrency trader @housetechnolove compared its performance to Truth Social, highlighting the non-financial factors driving their market success, including community support and political sentiment.

Portfolio Pulse from Ivan Crnogatić

April 03, 2024 | 7:46 pm

In Wednesday's intraday session, several industrials stocks experienced significant movements. Urban-gro, Swvl Hldgs, C3is, NeoVolta, Clean Energy Technologies, and SolarMax Technology were among the gainers, with increases ranging from 17.31% to 27.1%. Conversely, View, Emeren Group, Applied UV, Exela Technologies, Steel Connect, and iPower were among the losers, with declines ranging from 9.27% to 62.7%. The movements were attributed to various factors, including market reactions and recent earnings reports.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 4:31 pm

In Wednesday's pre-market session, several industrials stocks showed notable movements. C3is, Xometry, Safe & Green Holdings, ShiftPixy, New Horizon Aircraft, and Quhuo were among the gainers, with C3is leading at a 19.8% increase. On the downside, View, Emeren Group, Velo3D, FGI Industries, Momentus, and Vast Renewables experienced declines, with View dropping significantly by 53.6%. Quhuo's rise followed its FY earnings release, while Emeren Group's decline came after its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 12:09 pm

Pseudonymous cryptocurrency trader Altcoin Sherpa views Bonk (CRYPTO: BONK) as having a better potential upside compared to other meme coins despite its recent 11% monthly loss. Bonk maintains good liquidity and could reclaim its top Solana meme coin position with certain catalysts. However, Dogwifhat (CRYPTO: WIF) has overtaken Bonk as the top meme coin on Solana. Despite the challenges, Bonk has seen a significant yearly gain of 3,539.6% and recently burned 2.5 billion BONK tokens. The future of meme coins and Bitcoin as an institutional asset will be discussed at Benzinga's Future of Digital Assets event.

Portfolio Pulse from Khyathi Dalal

April 02, 2024 | 8:12 pm

Ansem's Cat, a meme coin named after Solana influencer Ansem's cat, Hobbes, reached a $100M valuation in 24 hours. This surge is part of a broader 'cat mania' in the meme coin market, with cat-themed coins gaining traction and closing the valuation gap with dog-themed coins like Dogecoin and Shiba Inu. The market cap of cat coins has hit $1.9 billion, while dog coins are valued at $52 billion. Ansem has been instrumental in promoting Solana meme coins.

Portfolio Pulse from Ivan Crnogatić

April 02, 2024 | 6:58 pm

Bitcoin spot ETFs experienced a net outflow of $85.84 million on April 1, with Grayscale's GBTC seeing a $302 million outflow, while BlackRock's IBIT and Fidelity's FBTC enjoyed inflows of $165 million and $43.99 million, respectively. Despite this, Bitcoin spot ETFs have seen over $12 billion in net inflows year-to-date. A Coinshares report indicates a recovery in investor sentiment with $862 million in inflows last week, despite a slowdown in ETF activity and a regional divergence in investment trends.

Portfolio Pulse from Murtuza Merchant

April 02, 2024 | 2:33 pm

Dogwifhat (WIF), dubbed the 'Shiba Inu Killer', has seen a decline of 11.5% but is still considered 'the best active trade right now' by trader Altcoin Sherpa, despite the recent dip in cryptocurrency prices. WIF's advantages include being a market leader in volume, a leading Solana meme, great liquidity, and being in price discovery. However, risks include the unpredictability of the uptrend's end, the volatile nature of meme coin trading, potential unit bias, and less favorable risk-to-return for new investors. Dogwifhat's recent performance has placed it in the top 40 cryptocurrencies, with a significant 129% increase over the past month, outperforming Shiba Inu's 19% gain.

Portfolio Pulse from Ivan Crnogatić

April 02, 2024 | 1:40 pm

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