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

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 cannabis sector experienced significant movement on March 20, 2024, with a majority of stocks showing bullish sentiment. Notable gainers include Elixinol Wellness, Heritage Cannabis Holding, and Canopy Growth, with increases of 312.37%, 70.00%, and 18.28% respectively. Conversely, Eastside Distilling led the losers, declining by 12.75%. This movement reflects a broad positive sentiment in the cannabis space.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:30 pm

Crypto analyst Altcoin Sherpa projects Solana (SOL) could reach $500 by the end of the year, despite expecting a pullback in the $200-$250 range. Another analyst, Ali Martinez, supports a bullish outlook for SOL, noting the invalidation of a TD sell signal on its daily chart, which historically precedes significant rallies. Currently, SOL is trading at $166, down 9.71% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 11:00 am

Andrew Tate, a controversial figure, shared his success in the DeFi market, claiming to have made $85M during the last bull run with a focus on innovative blockchain coins over meme coins. He highlighted the rise and fall of meme coins like Dogecoin, Shiba Inu, and Solana-based tokens, noting the significant impact on Solana's value. Despite his financial success, Tate criticized the societal value of cryptocurrencies and distanced himself from launching his own. Amidst this, he faces legal issues, with Romanian authorities seizing assets including 21 Bitcoins.

Portfolio Pulse from Mehab Qureshi

March 19, 2024 | 8:15 am

Solana (SOL) experienced an 8% gain, reaching all-time high levels, driven by a significant whale deposit of 200,000 SOL ($39.85M) into Binance and a surge in interest in Solana-based meme coins. The cryptocurrency's weekly gain stands at 40%, with its valuation surpassing BNB's. Solana's total value locked is at $4.3 billion, indicating a 119% growth over the past month. Interest in Solana and its altcoins, including Dogwifhat and Jito Network, is increasing, with potential for significant gains.

Portfolio Pulse from Khyathi Dalal

March 18, 2024 | 4:08 pm

Solana's SOL and The Book of Meme (BOME) have seen increased attention on social media, despite recent price drops. BOME surged 82% after its launch and was added to Binance's platform. However, both tokens experienced price corrections, with BOME dropping nearly 50% in 24 hours. Social media mentions and trading activity for Solana-based meme coins have spiked, but selling pressure remains high.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 9:25 am

Dogwifhat (WIF), a meme coin on the Solana blockchain, surged 32% after Elon Musk tweeted a photo of his dog in a St. Patrick's Day hat, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB). The tweet led to increased trading activity for meme coins on Solana, with WIF's volume hitting $568 million, surpassing BONK. DOGE and SHIB saw smaller gains of 3% and 8%, respectively.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 4:28 am

Cryptocurrencies traded mixed after the Labor Department's Bureau of Labor Statistics reported a 0.6% increase in the producer price index, indicating higher than expected inflation. This led to a sell-off in cryptocurrencies, with Bitcoin, Ethereum, and Dogecoin experiencing varied price movements. Grayscale moved $400 million in Bitcoin to Coinbase, contributing to market volatility. Over 161,570 traders liquidated positions worth $547.19 million. Analysts predict a bright future for Bitcoin, expecting its value to reach $500K as spot ETF inflows increase.

Portfolio Pulse from Mehab Qureshi

March 15, 2024 | 3:36 am

Franklin Templeton's report highlights the growing relationship between meme coins and the Solana blockchain, noting the increased adoption and usage of Solana due to its popularity among meme coins like BONK. The report points out the significant rise in Solana's daily active user addresses and its impressive 695% growth over the last year, outperforming Ethereum and other cryptocurrencies.

Portfolio Pulse from Chris Katje

March 14, 2024 | 10:10 pm

The article reports on significant price movements in the cannabis stock market on March 14, 2024, listing both gainers and losers. Notable gainers include Australis Capital with a 9900.00% increase, while CordovaCann led the losers with a 37.42% decrease. Other companies experienced various degrees of gains and losses, reflecting the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:30 pm

Dogwifhat (CRYPTO: WIF), a meme coin built on the Solana blockchain, has raised over $650,000 to feature its image on the Las Vegas Sphere's digital screen, owned by Sphere Entertainment Co (NYSE:SPHR). This campaign has contributed to Dogwifhat reaching a new all-time high of $2.68. The coin's visibility on one of Las Vegas's largest screens is expected to further increase its popularity and market capitalization, which currently stands at $2.65 billion.

Portfolio Pulse from Chris Katje

March 13, 2024 | 9:51 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.