Stock Pick Of The Week

This week's stock: ReneSola Ltd (SOL)


ReneSola is a manufacturer of solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells. I see this stock as a good hold for the next 3-5 months.


Revenue increased by 136% in 2010. Growth was driven by strong sales of the company's popular solar modules. For the full 2011 year, analysts project revenue will increase 11.3% to $1.3 billion, then another 4.1% to $1.4 billion, by 2012, as shipments and customer orders continue to increase.

Along with high growth outlook, SOL has an equally as bright earnings outlook. And to top it off, the stock has a low trailing price-to-earnings ratio (P/E) under 5.