Why ReneSola Stock Tanked 17.5% in March and Is Headed Even Lower

Neha Chamaria, The Motley Fool
·3 min read
Why ReneSola Stock Tanked 17.5% in March and Is Headed Even Lower

ReneSola (NYSE: SOL) shares went on a wild roller-coaster ride in March and eventually ended the month down 17.5%, according to data provided by S&P Global Market Intelligence. Despite an upbeat outlook for 2021 and the future of renewable energy looking brighter than ever, ReneSola shares have continued to fall so far in April as of this writing. ReneSola kicked off March on a dismal note before an analyst upgrade on March 8 sent the stock flying.