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Why ReneSola's Shares Jumped 38.1% on Monday

TheMotleyFool

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Why ReneSola's Shares Jumped 38.1% on Monday

Shares of ReneSola (NYSE: SOL) jumped as much as 38.1% in trading on Monday after getting a big upgrade from an analyst. Shares closed the day up 26.4%.

H.C. Wainwright analyst Amit Dayal raised the price target on ReneSola's stock from $4 to $12 per share and kept a buy rating. This comes after Dayal initiated coverage at $4 per share in September.

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Source Fool.com

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