Why ReneSola Stock Dropped 17.1% Before Bouncing Back Today

·2-min read
Why ReneSola Stock Dropped 17.1% Before Bouncing Back Today

Shares of solar energy stock ReneSola (NYSE: SOL) fell as much as 17.1% in trading on Wednesday after the company reported earnings and responded to a short-seller report. The company could have a bright future if its pipeline comes to fruition, but the solar project development business is competitive and there's no guarantee of success.

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