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Last $1.30 USD
Change Today -0.01 / -0.76%
Volume 263.5K
SOL On Other Exchanges
New York
As of 5:15 PM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

renesola ltd-adr (SOL) Snapshot

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52 Week High
04/15/15 - $1.97
52 Week Low
09/28/15 - $0.91
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Current Stock Chart for RENESOLA LTD-ADR (SOL)

renesola ltd-adr (SOL) Related Businessweek News

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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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Executives, Board Directors

renesola ltd-adr (SOL) Key Developments

ReneSola Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Cash Flow Results for the Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015; Provides Cash Flow Guidance for the Full Year 2016

ReneSola Ltd. reported unaudited consolidated earnings results for the third quarter ended September 30, 2015. For the quarter, the company reported revenue of $368.2 million was up 37.2% quarter on quarter and down 1.1% year on year. Revenue performance was broad-based, with sequential increases across all of the company's product lines. Operating income was $11.4 million against $8.519 million a year ago, an increase of 8.9% quarter on quarter and 34.0% year on year. Net income attributed to holders of ordinary shares was $8.6 million or $0.04 per basic and diluted share, which compares to a net loss of $2.3 million in second quarter of 2015 and a net loss of $11.7 million or $0.01 per basic and diluted share in the prior-year period. For nine months, net cash provided by operating activities was $39.850 million against net cash used in operating activities of $163.582 million a year ago. Purchases of property, plant and equipment was $5.283 million against $42.707 million a year ago. Advances for purchases of property, plant and equipment was $2.383 million against $3.334 million a year ago. The cash generated enabled the company to reduce accounts payable and debt. For the fourth quarter of 2015, the company expects revenue in the range of $275 to $295 million and gross margin in the range of 17% to 18%. The revenue outlook reflects the redirection of OEM module production away from external sales and toward proprietary project development to pursue high profit. Based on the current development status of its pipeline, the company intends to sell the 16.5 MW in UK which was already announced in October and the project of 0.9 MW in Japan as well. For 2016, the company expects to maintain healthy cash flow.

ReneSola Ltd. to Report Q3, 2015 Results on Nov 17, 2015

ReneSola Ltd. announced that they will report Q3, 2015 results at 8:30 AM, US Eastern Standard Time on Nov 17, 2015

ReneSola Ltd., Q3 2015 Earnings Call, Nov 17, 2015

ReneSola Ltd., Q3 2015 Earnings Call, Nov 17, 2015


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SOL Competitors

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Company Last Change
China Sunergy Co Ltd $0.99 USD +0.01
JA Solar Holdings Co Ltd $8.51 USD -0.08
Siltronic AG €24.43 EUR +0.43
Solargiga Energy Holdings Ltd $0.20 HKD -0.001
Yingli Green Energy Holding Co Ltd $0.65 USD +0.0028
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