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12/3/14Earnings Update Q3 2104 – Renesola (SOL) (Green World Investor)

Yesterday I wrote about why I think the solar companies' performance was fair last quarter (Q3 2014). Now a series of posts will follow, giving the earnings update, the outlook and the major reason on which the particular company's performance was dependent. Let's start today with ReneSola (SOL). The company was a pure play polysilicon [...]

8/21/14ReneSola gives a good set of results, sharp jump in margins (Green World Investor)

Profitable Q2 2014 for SOL Chinese wafer and solar module maker ReneSola (SOL) gave a good set of results, reporting a GM of almost 15% which is one of the highest in the past 2-3 years. The company managed to ship almost 500 MW of module shipments which makes it amongst the largest players in the [...]

2/4/14Renesola and GCL could be big Solar Winners in 2014 (Green World Investor)

Upstream solar stocks such as GCl, Renesola, Wacker, REC etc. have lagged behind the spectacular multi-bagger performance of downstream solar stocks such as Jinko Solar, Canadian Solar etc. Note upstream solar stocks generally have a lag to the performance of the downstream cell and panel stocks. It takes time to build capacity in poly and [...]

8/17/13Comparing Jinko Solar and Renesola Solar Panels (Green World Investor)

Renesola (SOL) is a China based company providing modules at cheap prices. Renesola is a vertically integrated company with complete R&D and manufacturing of polysilicon, silicon wafer and solar modules. Renesola has a global presence with sales branches established in Europe, the Americas and the Asia-Pacific regions. Renesola sells most of its Solar Panels under an OEM Contract.Jinko Solar (JKS) [...]

8/9/13Comparing Renesola and Sunpower Solar Panels (Green World Investor)

Renesola (SOL) is a vertically integrated company with complete R&D and manufacturing of polysilicon, silicon wafer and solar modules. Renesola has a global presence with sales branches established in Europe, the Americas and the Asia-Pacific regions. Renesola sells solar panels as an OEM Solar Panel Producer which means that it sells its solar panels to companies who put their [...]

8/7/13Distinguishing Features between Renesola and Solar Frontier Solar Panels (Green World Investor)

Renesola is a Chinese company and provide modules at cheap prices. Renesola is a vertically integrated company with complete R&D and manufacturing of polysilicon, silicon wafer and solar modules. Renesola has a global presence with sales branches established in Europe, the Americas and the Asia-Pacific regions.Renesola sells most of its Solar Panels under an OEM Contract, which means [...]

7/19/13Comparison between Renesola and Yingli Solar Modules (Green World Investor)

Yingli Green Energy (YGE) is one of the oldest Chinese companies and is completely integrated. One of the world’s first fully vertically integrated photovoltaic manufacturers, the company develops, manufactures and sells high-quality modules under the brand Yingli Solar to a wide range of markets including Germany, Spain, Italy, Greece, France, South Korea, China, and the United States. The company [...]

7/12/13Comparing Trina Solar and Renesola Solar Modules – which one to buy (Green World Investor)

Renesola and Trina Solar are lowest cost Chinese solar panel manufacturers globally. Renesola is a vertically integrated company with complete R&D and manufacturing of polysilicon, silicon wafer and solar modules. Renesola has a global presence with sales branches established in Europe, the Americas and the Asia-Pacific regions. Trina Solar on the other hand is a vertically integrated company right from [...]

7/11/13Comparing JA Solar and Renesola Solar Modules – which one to buy (Green World Investor)

Both Renesola (SOL) and JA Solar (JASO) Modules are good buys and one of our top picks to buy in 2013. Both Renesola and JA Solar are Chinese companies and provide modules at cheap prices. Renesola is a vertically integrated company with complete R&D and manufacturing of polysilicon, silicon wafer and solar modules. Renesola has a global presence [...]

5/17/13(SOL) ReneSola Cuts Loss Year Over Year – Short of Estimate (Stock Blog Hub)

ReneSola Ltd. (SOL) in the first quarter of 2013 reported loss per American Depositary Share (ADS) of 45 cents per share, wider than the Zacks Consensus Estimate of a loss of 39 cents per ADS. However, its first-quarter loss narrowed from the year-ago quarterly loss of 47 cents per ADS, thanks to lower operating expenses [...]

4/27/13(SOL) ReneSola Modules for New Mexico Farm (Stock Blog Hub)

ReneSola Ltd. (SOL) has entered into a contract with S&C Electric Company ("S&C") to provide 250-watt (“W”) high-efficiency polycrystalline solar photovoltaic (“PV”) modules. The 250W polycrystalline modules also known as Virtus II modules feature a high module conversion efficiency. It is a unique combination of high quality and efficiency. These modules carry a mechanical load capability [...]

8/31/12(SOL) ReneSola Loss Higher than Expected (Stock Blog Hub)

ReneSola Ltd. (SOL) in the second quarter of 2012 reported adjusted loss per American Depositary Share (ADS) of 40 cents per share, missing the Zacks Consensus Estimate of 34 cents of loss per ADS. Numbers also were way short of the year-ago quarterly earnings of 5 cents per share. Operational Results In the reported quarter, ReneSola’s revenues [...]

12/23/11(SOL) ReneSola Limited – ADS – Bear of the Day (Stock Blog Hub)

ReneSola Ltd.'s (SOL) significant presence in the solar module original equipment manufacturing (OEM) market is currently slated to underperform, owing to Europe's challenging financing environment. The near-term valuation of the company will be adversely impacted by tepid solar products demand in Europe (especially Germany). Rising competition, credit risk from its customers, oversupply glut of solar wafer [...]

11/30/11(SOL) ReneSola Falls Short of Earnings Estimates (Stock Blog Hub)

With the backdrop of an industry-wide glut, ReneSola Ltd. (SOL) in the third quarter of 2011 incurred an adjusted loss per American Depositary Share (ADS) of 25 cents, missing the Zacks Consensus Estimate of a loss of 18 cents. The quarterly loss also was way below the year-ago quarterly earnings of 70 cents. Operational Results In the [...]

9/20/11(SOL) ReneSola Announces Share Repurchase (Stock Blog Hub)

Leading global manufacturer of solar products, ReneSola Ltd. (SOL), announced that the company repurchased 645,424 of its outstanding ordinary American Depositary Shares ("ADSs"). Earlier in August 2011, ReneSola had announced a repurchase program of $100 million of its ADSs. The focus of the company in increasing value for its shareholder is evident from the $100 [...]

9/19/11(SOL) ReneSola Announces Share Buyback (Stock Blog Hub)

Leading global manufacturer of solar products, ReneSola Ltd. (SOL), announced that the company repurchased 645,424 of its outstanding ordinary American Depositary Shares ("ADSs"). Earlier in August 2011, ReneSola had announced a repurchase program of $100 million of its ADSs. The focus of the company in increasing value for its shareholder is evident from the $100 [...]

8/9/11Renesola (SOL) Misses Big On EPS Due To Plummeting Wafer & Module Pricing, Issues Poor Guidance (Green Stocks Central)

Is the worst for solar stocks over?  It’s still too early to make a definitive statement but when you see stocks rising in the face of bad news then you know traders are looking for excuses to buy rather than sell.  That’s one indication a bottom is near.  Perhaps that’s the case for shares of [...]

6/15/11Analyst Actions: NTAP, MYGN, KFT, SOL, RLD (Stock Wizard)

NetApp (NASDAQ: NTAP): Credit Suisse on Wednesdy upgraded NetApp to Outperform from Neutral citing robust storage business fundamentals and increased confidence in the Engenio acquisition. The firm raised its price target to $62 from $54.  Myriad Genetics (NASDAQ: MYGN): Auriga downgraded its rating on the company to Hold from Buy. The firm lowered its price target to $25 from $27. Kraft Foods (NYSE: KFT): Jefferies initiated coverage on the company with a Buy rating and $40...

4/28/11Renesola (SOL) Misses On EPS As ASP Falls, Cautious On Outlook (Green Stocks Central)

Solar stocks were under some pressure today after Evergreen Solar (ESLR) and Renesola (SOL) sounded the caution alarm as average selling prices and demand falls on inventory increases and subsidy uncertainties.  Renesola reported earnings that missed on the EPS side, but beat on the revenue side.  The stock was down nearly 10% at one point [...]

3/31/11Analyst Actions: TSLA, SOL, CAG, BMY, AET (Stock Wizard)

Tesla Motors Inc. (NASDAQ: TSLA): Morgan Stanley upgraded its rating on the company to overweight from equal weight. The firm set a price target of $70.  According to Morgan Stanley, Tesla will eventually become the 4th major U.S. Auto manufacturer behind GM, Ford & Chrysler. Renesola (NYSE: SOL): Brean Murray on Thursday initiated coverage on Renesola with a Buy rating and a price target of $15.  ConAgra (NYSE: CAG): Goldman Sachs initiated coverage on the stock with a...

3/1/11ReneSola (SOL) Beats, But Plunges On Missed Rev Guidance (Green Stocks Central)

Shares of ReneSola (SOL) were hammered today, down nearly 17%, after the company reported strong earnings results, but weaker guidance than what the Street was expecting.  The company reported another quarter of big quarter over quarter growth with an EPS of .69 on revenues of $386 million.  That matched analyst estimates on the EPS side [...]

2/24/11ReneSola Ltd. (NYSE: SOL): Q4 Earnings Preview 2010 (Stock Wizard)

ReneSola Ltd. (NYSE: SOL) is scheduled to release fourth-quarter earnings before the market open on Tuesday, March 1, 2011. Analysts, on average, expect the company to report earnings of 69 cents per share on revenue of $365.67 million. In the year-ago period, the company posted a loss of 23 cents per share on revenue of $179.88 million. Renesola Ltd., together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. The Company possess a...

2/4/11Auriga Reiterates Buy, $27 PT On ReneSola (SOL), Remains Top Solar Pick (Green Stocks Central)

Yesterday, Auriga reiterated their Buy rating and $27 price target on ReneSola (SOL) which represents about 150% upside to current levels.  They highlight the fact that SOL is a customer of WFR which posted strong earnings results and signaled out a Chinese company with “very nice costs” which they believe to be ReneSola.  They continue [...]

12/31/10NYSE Technology Sector Top Bulls: (SOL, FCS, CBB, MBT, TNE) (Penny Stock DD)

ReneSola Ltd. (ADR) (NYSE:SOL) went up by 1.64% and closed at $8.69 whereas overall traded volume stood at 1.73 million shares for the day. The relative strength index stands at 45.46 times till its last trading session. The company is highly profitability with ROE of 20.93%. Fairchild Semiconductor International (NYSE:FCS) moved up by 1.85% to [...]

12/27/10NYSE Technology Sector Top Gainers: (ADR, TER, CBB, YOKU, SOL) (Penny Stock DD)

SK Telecom Co., Ltd. (ADR) (NYSE: SKM) went up by 1.72% to close at $18.95 with overall traded volume of 1.04 million shares in the last trading day. Its dividend yield is 4.12%. The share price is likely to move by 0.99 times against 1 point change in market index. Teradyne, Inc. (NYSE: TER) moved [...]

12/23/10Goldman Sachs Initiates Coverage Of ReneSola (SOL) With Buy, Capstone Initiates Coverage Of Tesla... (Green Stocks Central)

Two two green stocks are moving this morning on notable analyst calls.  Goldman Sachs initiated coverage on ReneSola (SOL) with a Buy and $11 price target which is about 30% higher from current levels.  The firm likes the solid balance sheet and the valuation after a big correction.  I've said that SOL and JASO [...]

12/1/10Auriga Initiates ReneSola (SOL) With Buy, $20 Price Target; Reiterates Buy On Trina Solar (TSL) (Green Stocks Central)

Auriga posted a few more solar calls recently.  This morning they initiated coverage of ReneSola (SOL) with a Buy rating and a $20 price target which is more than double the current level ($8.40).  The believe sentiment is overly negative on this China solar leader.  The firm notes that SOL benefits whether poly prices stay [...]

11/7/10Emerging Markets ETFs and ADRs To Watch (INXX, BRAQ, SOL, CTCM, GGB) (Wall Street Sector Selector)

Now that last week’s big macro and monetary policy events are out of the way, traders have time to return to earnings reports that were ignored in the news tsunami. Here are a few tickers on our(...)Read the rest of Emerging Markets ETFs and ADRs To Watch (INXX, BRAQ, SOL, CTCM, GGB) Copyright 2010 ETFDAILYNEWS.COM [...]

10/14/10Wells Fargo Raises ReneSola Estimates Following Trade Show (Benzinga)

Wells Fargo is raising its estimates and valuation range on ReneSola Ltd. (NYSE: SOL) following checks at the Solar Power International trade show. “The wafer market is still very tight, supporting strong ASPs and healthy unit shipments,” Wells Fargo writes. “ReneSola also has the added benefit of having signed low cost poly contracts ahead of the spot market's recent rise, which should help keep the cost structure low and margins high in 2011.” Wells Fargo says that it is raising...

10/13/10Renesola And LDK Expected To Be Biggest Solar Industry Winners (Benzinga)

In a report focusing on clean technology and renewables, Piper Jaffray said that the module spot price is in the range of $1.90-$2.10/watt and will likely remain stable for the remainder of 2010 and into 1H11 for tier 1 module manufacturers with 5-10% declines for tier 2 suppliers. Polysilicon prices are moving up as well, hitting $100/kg on the spot market. “Checks suggest wafer prices are nearing $1/watt on the spot market,” Piper Jaffray writes. “This supports our view that...

10/4/10CENX (Samurai Trader)

There weren't any breakouts to speak of, but we did have another one stock flash crash today. CENX was targeted. this drop and rise took just a couple of minutes, and the Nasdaq has rushed in to cancel all transactions below 11.61 (the horizontal line), meaning if your stop loss was at 11.62, you are SOL. Why 11.61? Because no trader in his right mind would have had a stop loss order below that. I guess I should quit complaining and get with the program, after all, if I could just get off my...

9/29/10Auriga Provides Updates On JKS, SOL, LDK, YGE, STP (Green Stocks Central)

Auriga is out with a research note on select stocks today and remains generally bullish on the sector.  They indicate that industry fundamentals remain strong both in terms of pricing and volume.  Q1 volumes are strong and sold out in some cases as pricing remains firm while the 2nd half of 2011 warrants cautious optimism [...]

9/4/10DRD stock pick (Penny Stock DD)

Renesola Ltd. (SOL) 9.73    +0.36 (+3.84%) Stock Price Quote as of Friday, Sep 3rd, 2010 (NYSE) High 9.87 Low 9.49 52Wk High 9.87 52Wk Low 3.50 Open 9.52 Prev Close 9.37 Volume 2,513,202 Avg Volume 1,802,242 EPS +0.19 Div & Yield N/A P/E Ratio 49.32 Market Cap $839.80 M RENESOLA and its subsidiaries are engaged in manufacturing solar wafers in the People's Republic of China. The company's ...

8/18/10Barclays Upgrades ReneSola (SOL) & Trina Solar (TSL), Raises Price Targets (Green Stocks Central)

Barclays upgraded ReneSola (SOL) from Equalweight to Overweight and increased the price target from $10 - $12."Although SOL has been our near-term top pick since Mar '10, uncertainty with respect to 2011 demand and weak execution track record were some of the factors restraining us from having a more constructive longer term outlook on the [...]

8/9/10ReneSola (SOL) Beats With Record Quarter, Guides Above (Green Stocks Central)

ReneSola (SOL) posted a record quarter and beat analyst estimates in the process, posting a Q2 EPS of $0.42, 2 cents better than the analyst estimate of $0.40. Revenue for the quarter was 253.9 million, vs the estimate of $246.17 million.  That's a tripling of revenue over the year ago quarter, so mighty impressive results.  [...]

7/1/10Today’s Big Gainers (Penny Stock DD)

1st July 3:00pm Today`s Big Gainers (AVNR, SOL, IOC, AIXG) Dear PSL members, AVANIR Pharmaceuticals (NASDAQ:AVNR) soared 7.78% to $2.77 on 4 million shares. Avanir Pharmaceuticals, Inc. is a pharmaceutical company focused on acquiring, developing and commercializing therapeutic products for the treatment of central nervous system disorders.  ReneSola Ltd. (ADR) (NYSE:SOL) jumped 7.87% to $6.44 on a volume [...]

7/1/10ReneSola (SOL) Issues Strong Preliminary Results, Raises Guidance (Green Stocks Central)

Renesola (SOL) is providing preliminary Q2 guidance  this morning, beating previous estimates and is raising guidance for the 2nd half.   The company reports official results on August 9th. ===> Click Here For Your FREE Renesola Analysis * They expect total shipments for Q2 to be in the range of 250 - 260MW, exceeding previous guidance [...]

5/10/10ReneSola (SOL) Record Revs & Shipments, Raises Guidance, Shares Surge (Green Stocks Central)

ReneSola (SOL) reported strong results this morning, beating Wall St estimates and guiding higher.  The company reported an EPS of .14/share vs the analyst estimate of .09/share on revenues of $206 million (vs the estimate of $189 million).  Most of the China solar companies have been reporting record shipments and Renesola is doing the same [...]

5/4/10Wells Fargo Initiates Coverage Of Solar Stocks: TSL, STP, SOL (Green Stocks Central)

Solar stocks have truly arrived.  Another one of the big boys has initiated coverage.  Wells Fargo has initiated coverage on a few China stocks - Trina Solar (TSL), ReneSola (SOL) and Suntech Power (STP).  Hat tip to Street Insider for the analyst commentary. ReneSola (SOL) gets an Outperform rating and a valuation range of $9.50 [...]

3/10/10Renesola (SOL) Beats, Guides Higher But Still In The Red (Green Stocks Central)

ReneSola (SOL) has reported earnings results this morning ahead of analyst estimates but the red ink continues to flow despite the best quarterly revenue number in over a year.  They posted an adjusted loss of .03/share (estimates called for loss of .08/share) on revenues of $180 million (beating estimates of $169 million). SOL CFO Charles [...]

2/11/10ReneSola (SOL) Announces 3 Yr, 600MW Solar Supply Deal, Shares Surge 10% (Green Stocks Central)

ReneSola (SOL) is announcing a big solar order this morning.  Details are limited, but the company has received a 600MW OEM deal to supply solar modules over the next 3 years to a major global solar company.  Shipments will be spread evenly at 200MW per year. CEO Li Xianshou commented: "Our first major solar module [...]

11/16/09(SOL) ReneSola Tops Consensus Earnings Estimates (Stock Blog Hub)

ReneSola Ltd. (SOL) reported a third-quarter loss of 7 cents per share, worse than the Zacks Consensus Estimate of a loss of 4 cents per share. However, the company was able to increase its revenues 70.6% to $140.9 million in the reported quarter from $82.6 million in the previous quarter. Sales in the reported quarter were [...]

11/16/09ReneSola (SOL) Reports Mixed Results, Expects Return To Profitability In Two Quarters (Green Stocks Central)

ReneSola (SOL) reported mixed Q3 results this morning posting a loss of $0.07 which was inline with analyst estimates on revenues of $140.9 million which was a bit better than Wall St estimates of $136.8 million. The company says it's seeing a strong rebound in demand and expects to work through its high priced inventory [...]

9/23/09ReneSola (SOL) To Purchase Dynamic Green Energy (Green Stocks Central)

ReneSola just announced that it has share purchase agreement to acquire Dynamic Green Energy. Dynamic Green owns Jiawei Solarchina Co and other subsidiaries, owns production facilities for solar ingots and PV modules and also assists other solar manufacturers with original equipment manufacturing.  Under the agreement, ReneSola will gain ownership of all of Dynamic Energy's shares [...]

8/20/09Renesola (SOL) In Potential $706 Million Wuzhong City Solar Deal (Green Stocks Central)

Not sure how I missed this earlier today.. I may need to make the coffee a bit stronger tomorrow morning.  Renesola (SOL) announced it has signed a letter of intent with Taiyangshan Development Zone in Wuzhong city to develop a 150MW on-grid solar project.  The project is still subject to a feasibility study and government [...]

8/13/09Renesola (SOL) Gets Piper Downgrade, Credit Suisse Upgrade (Green Stocks Central)

Surprisingly, Credit Suisse is out upgrading Renesola (SOL) from Neutral to Outperform despite a tough quarter for the company.  Piper Jaffray is downgrading SOL from Neutral to Underweight and lowering the price target from $6 to $4.50. Hat tip to StreetInsider for the following analyst comment from Piper: "We believe Renesola is making the right [...]

8/12/09ReneSola (SOL) Reports Narrower Loss, But Misses Revenue Estimates (Green Stocks Central)

ReneSola (SOL) reported a narrower than expected Q2 loss of $0.03, beating estimates by .03/share but came up short on the revenue side, posting $82.6 million vs. the consensus of $90.23 million (and more than a 50% plunge over the year ago quarter).  On the bright side, it appears the company is doing a good [...]

7/17/09Renesola (SOL) Signs Letters Of Intent For 505MW In Government Contracts (Green Stocks Central)

Yesterday, Renesola (SOL) got a bit of a pop higher on news it has signed letters of intent for 505MW in government solar contracts.  The first is a potential deal with the Yancheng city government for a 500MW on grid solar project consisting of mainly ground mounted systems and 10MW of rooftop installations to be [...]

7/14/09ReneSola (SOL) Completes Trial Run At New Sichuan Plant (Green Stocks Central)

Renesola (SOL) has announced that the first trial run has been completed at its shiny new plant in China's Sichuan province.  This is the first phase of a two phase, 3000 MT annualized capacity plant which uses the Siemens process and a closed loop to produce the polysilicon.  Phase 2 is expected to reach mechanical [...]

5/21/09ReneSola (SOL) Acquires JC Solar For Downstream Integration (Green Stocks Central)

Along with its earnings announcement this morning, ReneSola (SOL) also announced the acquisition of JC Solar for RMB 118 million. JC Solar is an established solar cell and module manufacturer with about 300 employees and annual cell production capacity of 25MW and annual module production capacity of 50MW. It posted an unaudited net profit of [...]

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