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Last $1.27 USD
Change Today 0.00 / 0.00%
Volume 149.6K
SOL On Other Exchanges
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

renesola ltd-adr (SOL) Snapshot

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09/18/14 - $3.62
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01/22/15 - $1.20
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renesola ltd-adr (SOL) Details

ReneSola Ltd, through its subsidiaries, manufactures and sells various solar power products. It operates through two segments, Wafer, and Cell and Module. The company offers virgin polysilicon; mono crystalline and multi crystalline solar wafers; and photovoltaic cells. It also provides mono crystalline and multi crystalline solar modules for use in various residential, commercial, industrial, and other solar power generation systems. In addition, the company offers wafer processing services. It offers its products to the manufacturers of solar cells and modules, distributors, installers, and end users of solar modules. The company operates in Mainland China, Taiwan, Australia, Singapore, Korea, India, Hong Kong, Japan, Germany, Greece, Belgium, Italy, France, the United States, Spain, the Czech Republic, England, the Netherlands, South Africa, and internationally. ReneSola Ltd was founded in 2005 and is based in Yaozhuang Town, the People’s Republic of China.

6,953 Employees
Last Reported Date: 04/23/15
Founded in 2005

renesola ltd-adr (SOL) Top Compensated Officers

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renesola ltd-adr (SOL) Key Developments

ReneSola Ltd to Supply 20MW of Solar Modules for Utility-Scale Projects in Germany

ReneSola Ltd. announced it has agreed to provide 20 megawatts of solar modules to an international EPC company in Europe. The modules will be used in several utility-scale projects in Germany. Under the terms of the agreement, the company's contracted OEMs will deliver 20MW of the company's high-efficiency Virtus II solar modules for the projects between July and August of the year 2015.

ReneSola to Develop 22.5 MW of Utility-Scale Solar Projects in Japan

ReneSola Ltd. announced that it has acquired the total project development rights for 22.5 MW of ground-mounted, utility-scale solar projects in Japan. The projects, most of which are expected to commence production and connect to the grid beginning in late 2015 and early 2016, will primarily utilize ReneSola's PV modules, specifically the company's top-rated Virtus II module.

ReneSola Ltd. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

ReneSola Ltd. reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of $349,003,000 against $414,966,000 a year ago. Loss from operations was $9,520,000 against $8,702,000 a year ago. Loss before income tax, non-controlling interests was $19,193,000 against $17,010,000 a year ago. Net loss attributed to holders of ordinary shares was $18,028,000 or $0.09 per basic and diluted share against $14,587,000 or $0.07 per basic and diluted share a year ago. Loss per basic and diluted American depositary share was $0.18 against $0.14 a year ago. Net cash used in operating activities was $9,026,000 against $112,253,000 a year ago. Purchases of property, plant and equipment was $387,000 against $35,876,000 a year ago. Advances for purchases of property, plant and equipment was $1,241,000 against $1,188,000 a year ago. Net revenues decreased quarter over quarter due to lower average selling price of modules, as well as a decrease in wafer shipments. The quarter-over-quarter decrease in the company's gross margin was a result of a lower average selling price of modules, which was partially affected by appreciation of the US dollar, especially against the euro. The quarter-over-quarter decrease in operating expenses was primarily due to lower SG&A expenses as well as one-time administrative gain. For the quarter, the company reported total solar module shipments were 496.4 megawatts, representing an increase of 1.6% from fourth quarter of 2014. Total solar wafer and module shipments in first quarter of 2015 were 691.5 MW, compared to 744.3 MW in fourth quarter of 2014, and 710.1MW in first quarter of 2014. The quarter-over-quarter increase in module shipments was mainly due to strong demand in Europe, particularly in the United Kingdom. The quarter-over-quarter decrease in wafer shipments reflects the Company's strategy of shifting away from the lower-margin wafer business and towards the higher-margin module business as well as downstream business. For the second quarter of 2015, the company expects its net revenues to be in the range of $250 million to $300 million, and gross margin to be in the range of 16% to 18%.


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SOL Competitors

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Company Last Change
JA Solar Holdings Co Ltd $7.40 USD -0.01
JinkoSolar Holding Co Ltd $22.32 USD -0.06
Motech Industries Inc 37.00 TWD 0.00
Tokuyama Corp ¥211.00 JPY +1.00
Trina Solar Ltd $9.07 USD +0.13
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Price/Book 3.6x
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