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Current Share Price: 8.620
Grizzly Research LLC
Initial Report Date（2021/12/02）Share Price:6.560
Initial Report Date（2021/12/02）Share Price:6.560
We believe ReneSola is a Fraudulent Company; Most Projects Never Existed
Details Link > ReneSola (NASDAQ: SOL) is a pure downstream player in the solar industry. The company is focused on developing and operating solar projects. The company originated in China and went public in 2008 on NASDAQ, after it was already previously listed on the London AIM exchange.
Our on the ground due diligence, filings review, and communications with local municipalities in Europe indicate that SOL has been vastly misrepresenting its project development pipeline.
We believe SOL is a fraudulent company that drastically overrepresents its project pipeline to access the US capital markets. SOL is led by what we believe to be a fraudulent team whose legal difficulties will ultimately also cause problems for SOL public shareholders. We see over 40% downside from current prices.
By wantattse
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