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. 

Image source: Getty Images.

Continue reading

Source Fool.com