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SOL - ReneSola Selling For Less Than Liquidation Value
Renesola Ltd. ADR
ReneSola's stock price has succumbed to a list of macro-industry bearish developments since January 2021, none of them immediately affecting its underlying business growth.
The business is now ridiculously undervalued, following a wave of selling on Wall Street in all technology names since November.
After subtracting high levels of cash and current assets with few liabilities, smart investors can now buy ReneSola's solar infrastructure business for next to nothing.