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SOL - ReneSola: Not Enough Margin Of Safety Even With Its Strong Balance Sheet
Renesola Ltd. ADR
ReneSola's guidance for 2022 leaves too much to be desired and points towards a volatile year ahead.
Of late, investors have turned their focus to a ''show-me'' story. Further, with Q1 2022 expected to see its revenues meaningfully contract, investors are right to be worried.
Ultimately, it's difficult to argue that this business carries enough margin of safety.