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

Emeren Group has received a notice of non-compliance from the NYSE due to the late filing of required documents. This notice is a procedural step by the NYSE in cases where listed companies fail to meet the exchange's filing deadlines. Emeren Group, which is likely represented by the ticker symbol SOL, must now address this issue to regain compliance and avoid potential negative consequences such as delisting.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:03 am

A crypto analyst, Bluntz, is bullish on the Solana-based meme coin, dogwifhat (WIF), predicting a bullish reversal amid the market downturn. Bluntz uses Elliott Wave theory to forecast WIF's price movement and also expresses optimism for NEAR, seeing a long-term opportunity after a significant correction. The market correction affecting Solana and other cryptocurrencies is noted, with investor sentiment impacted by Bitcoin's downturn. Additionally, investor Raoul Pal's reallocation favoring Solana over Ethereum is highlighted.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 11:01 am

Marijuana stocks saw significant movement on April 17, 2024, with notable gainers including Green Growth Brands and Elixinol Wellness, and losers like Khiron Life Sciences and Item 9 Labs. The movements reflect volatility in the cannabis sector, impacting companies listed on both OTC and major exchanges like NASDAQ and NYSE.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:30 pm

The article discusses the liquidation of a crypto trader, Tarded Degen Gambler, who lost a significant amount of money by leveraging on Solana (SOL) before a market downturn exacerbated by geopolitical tensions. It highlights the importance of patience and the right mindset in trading, especially in volatile markets like crypto. Veteran traders suggest the coming months could be challenging, but also see potential buying opportunities for those with high conviction in certain tokens.

Portfolio Pulse from Ivan Crnogatić

April 14, 2024 | 1:56 pm

Paul Veradittakit of Pantera Capital highlights the potential of meme coins in driving Web3 adoption, citing their ability to attract attention and foster community engagement. He suggests leveraging meme coins for wider distribution and participation in the Web3 ecosystem, using examples like a Solana meme coin to illustrate their impact on network activity and DeFi integration.

Portfolio Pulse from Murtuza Merchant

April 12, 2024 | 12:24 pm

Marginfi, a Solana-based DeFi protocol, experienced over $214 million in withdrawals following the resignation of its CEO, Edgar Pavlovsky, due to internal disagreements. The departure led to significant fund outflows and a public dispute with Solana staking pool SolBlaze over governance token management. Competitor Solend capitalized on the situation by offering airdrops to dissatisfied Marginfi users. Despite these challenges, Marginfi is committed to mending its partnership with SolBlaze and moving forward.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 6:52 am

Marijuana stocks saw significant movement on April 11, 2024, with notable gainers including Belgravia Hartford Cap, Item 9 Labs, and Greenlane Holdings, among others. Losers for the day included Target Group, Rocky Mountain High, and Canopy Growth. The movements reflect the volatile nature of the marijuana stock market.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 8:30 pm

An anonymous trader turned a $356K investment in the 'Jeo Boden' meme coin (BODEN) into $5.8M by leveraging early purchases and strategic sales. The trader's success story highlights the potential of 'culture coins', a new class of meme coins with political themes, exemplified by BODEN and the Trump-related MAGA Memecoin (TRUMP). These coins represent a shift from traditional animal mascot-based meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI), towards those embodying shared cultural or political values.

Portfolio Pulse from Ivan Crnogatić

April 10, 2024 | 2:41 pm

A Bernstein report highlights Solana's (SOL) emerging lead in blockchain payments over Ethereum (ETH), attributing it to Solana's streamlined architecture and efficiency in stablecoin settlements. Despite challenges in scalability and network congestion, Solana's advancements and the broader stablecoin market's growth, dominated by USDC and Tether (USDT), indicate a significant shift in digital payments. The report also notes the increasing adoption of stablecoins by major payment processors and fintech platforms.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 3:38 pm

Monad Labs has successfully raised $225 million in a funding round led by Paradigm for the development of its Layer-1 blockchain, aiming to compete with Ethereum and Solana by offering faster transactions, higher volume, and lower costs. The funding, which is the largest crypto fundraiser of 2024, also saw participation from Electric Capital and Greenoaks. Monad's blockchain will be compatible with the Ethereum Virtual Machine, facilitating easy transfer of applications from Ethereum. The company plans to launch its mainnet by the end of 2024.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 3:20 pm

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