Financial Survey: ReneSola (NYSE:SOL) and ChipMOS TECHNOLOGIES (NASDAQ:IMOS)

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) and ReneSola (NYSE:SOL) are both small-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, institutional ownership, dividends, risk, analyst recommendations, earnings and valuation.

Profitability

This table compares ChipMOS TECHNOLOGIES and ReneSola’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
ChipMOS TECHNOLOGIES 10.97% 12.04% 7.08%
ReneSola 4.41% 2.86% 1.42%

Volatility and Risk

ChipMOS TECHNOLOGIES has a beta of 0.8, suggesting that its share price is 20% less volatile than the S&P 500. Comparatively, ReneSola has a beta of 2.29, suggesting that its share price is 129% more volatile than the S&P 500.

Valuation and Earnings

This table compares ChipMOS TECHNOLOGIES and ReneSola’s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
ChipMOS TECHNOLOGIES $819.50 million 1.52 $84.72 million N/A N/A
ReneSola $73.92 million 8.70 $2.78 million $0.09 102.44

ChipMOS TECHNOLOGIES has higher revenue and earnings than ReneSola.

Analyst Recommendations

This is a summary of current ratings and price targets for ChipMOS TECHNOLOGIES and ReneSola, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ChipMOS TECHNOLOGIES 0 0 0 0 N/A
ReneSola 0 1 3 0 2.75

ReneSola has a consensus price target of $12.57, indicating a potential upside of 36.30%. Given ReneSola’s higher possible upside, analysts clearly believe ReneSola is more favorable than ChipMOS TECHNOLOGIES.

Institutional & Insider Ownership

6.4% of ChipMOS TECHNOLOGIES shares are held by institutional investors. Comparatively, 35.0% of ReneSola shares are held by institutional investors. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Summary

ReneSola beats ChipMOS TECHNOLOGIES on 6 of the 11 factors compared between the two stocks.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high integration and high precision integrated circuits, and related assembly and testing services. The company operates through Testing; Assembly; Testing and Assembly for Liquid Crystal Display and Other Flat-Panel Display Driver Semiconductors; and Bumping segments. It provides a range of back-end assembly and test services, including engineering test, wafer probing and final test of memory and logic/mixed-signal semiconductors, as well as leadframe-and organic substrate-based package assembly services for memory and logic/mixed-signal semiconductors; and gold bumping, reel to reel assembly, and test services for LCD and other flat-panel display driver semiconductors. The company's semiconductors are used in personal computers; graphics applications, such as game consoles; communications equipment; mobile products comprising cellular handsets, tablets, and consumer electronic products; and automotive/industry and display applications, such as display panels. It serves customers in Taiwan, Japan, Singapore, and internationally. The company was founded in 1997 and is headquartered in Hsinchu, Taiwan.

About ReneSola

ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells projects rights. In addition, its engineering, and procurement and construction business includes engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. As of December 31, 2020, it operated approximately 100 solar power projects with an aggregate capacity of 173 megawatts. ReneSola Ltd has operations in the United States and Europe. The company was founded in 2005 and is headquartered in Stamford, Connecticut.

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