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Last $1.69 USD
Change Today -0.01 / -0.59%
Volume 511.7K
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

renesola ltd-adr (SOL) Snapshot

Open
$1.72
Previous Close
$1.70
Day High
$1.74
Day Low
$1.67
52 Week High
09/18/14 - $3.62
52 Week Low
01/22/15 - $1.20
Market Cap
171.8M
Average Volume 10 Days
730.3K
EPS TTM
$-0.29
Shares Outstanding
101.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
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; and develops, builds, and sells solar power projects. 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

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

renesola ltd-adr (SOL) Key Developments

ReneSola Ltd. Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for First Quarter and Full Year 2015

ReneSola Ltd. announced unaudited consolidated earnings and operating results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net revenues of $386,968,000 compared to $438,837,000 a year ago. Loss from operations was $2,165,000 compared to income from operations of $8,805,000 a year ago. Loss before income tax, no controlling interests was $5,793,000 compared to income before income tax, no controlling interests of $4,733,000 a year ago. Net loss attributed to holders of ordinary shares was $8,055,000 or $0.04 per basic and diluted share compared to net income attributed to holders of ordinary shares of $1,402,000 or $0.01 per basic and diluted share a year ago. Basic and diluted loss per ADS was $0.08 compared to basic and diluted earnings per ADS of $0.01 a year ago. Net cash inflow from operating activities was $48.8 million compared to net cash outflow from operating activities of $10.7 million in third quarter of 2014, and net cash outflow from operating activities of $29.5 million in fourth quarter of 2013. For the year, the company reported net revenues of $1,561,497,000 compared to $1,519,635,000 a year ago. Income from operations was $8,218,000 compared to loss from operations of $221,446,000 a year ago. Loss before income tax, no controlling interests was $33,984,000 compared to $261,643,000 a year ago. Net loss attributed to holders of ordinary shares was $33,630,000 or $0.17 per basic and diluted share compared to $258,916,000 or $1.42 per basic and diluted share a year ago. Basic and diluted loss per ADS was $0.33 compared to $2.84 a year ago. Net cash used in operating activities was $110,804,000 compared to net cash provided by operating activities of $118,561,000 a year ago. Purchases of property, plant and equipment were $51,813,000 compared to $90,140,000 a year ago. Advances for purchases of property, plant and equipment were $2,699,000 compared to $36,098,000 a year ago. Total debt was $698.1 million as of December 31, 2014, compared to $748.8 million as of September 30, 2014, excluding $94.6 million of convertible notes due March 15, 2018, unless repurchased or converted at an earlier date. For the quarter, the company reported total solar module shipments of 488.4 MW against 505.3 MW a year ago. Total Solar Wafer and Module Shipments were 744.3 MW against 784.2 MW a year ago. For the year, the company reported total solar module shipments of 1,970.3 MW against 1,728.8 MW a year ago. Total Solar Wafer and Module Shipments were 2,816.4 MW against 3,146.5 MW a year ago. For the first quarter of 2015, the company expects its net revenue to be in the range of $260 million to $280 million, and gross margin to be in the range of 14% to 16%. For full year 2015, the company expects its net revenue to be in the range of $1.5 billion to $1.6 billion.

ReneSola Expands LED Lighting Solutions Division in U.S

ReneSola Ltd. announced the expansion of its new LED lighting solutions division in the United States. ReneSola America recently expanded its sales and logistic network in 12 states including California, Arizona, Oregon, Colorado, Illinois, Indiana, Pennsylvania, Massachusetts, Minnesota, Missouri, Florida and Tennessee, with plans of further expansion in 2015. The Company's LED initiatives are spearheaded by Jessica Super, vice president of sales, who brings six years of renewable energy product sales experience. LED sales and technical specialists work closely with the Company's large customer base, including electrical distribution clients, to supply high-quality LED products and services across the country. Since 2014, ReneSola's LED products have been procured for a wide range of lighting projects, including in seaports, hotels, automobile dealerships, and universities.

ReneSola Ltd. to Report Q4, 2014 Results on Mar 04, 2015

ReneSola Ltd. announced that they will report Q4, 2014 results at 8:00 AM, US Eastern Standard Time on Mar 04, 2015

 

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SOL Competitors

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Company Last Change
JA Solar Holdings Co Ltd $10.34 USD +0.32
Solargiga Energy Holdings Ltd $0.40 HKD 0.00
Solarworld AG €14.23 EUR -1.04
Suntech Power Holdings Co Ltd $0.20 USD +0.002
Yingli Green Energy Holding Co Ltd $1.89 USD +0.04
View Industry Companies
 

Industry Analysis

SOL

Industry Average

Valuation SOL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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