Key Developments: ReneSola Ltd (SOL)
2.06USD
18 Jun 2013
$0.04 (+1.98%)
$2.02
$2.02
$2.10
$2.00
471,534
1,401,194
$2.99
$1.08
Latest Key Developments (Source: Significant Developments)
ReneSola Ltd Issues Q2 2013 Revenue Guidance Above Analysts' Estimates
ReneSola Ltd announced that for second quarter of 2013, it expects revenues to be in the range of USD310 million to USD330 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $296 million for second quarter of 2013. Full Article
ReneSola Ltd And Solairedirect Sign 120 MW Solar Module Tolling Agreement
ReneSola Ltd announced that it has signed a toll manufacturing agreement with Solairedirect SA, a global pioneer of competitive solar power, to produce 120 megawatts (MW) of solar modules in South Africa. Under the terms of the agreement, Solairedirect will manufacture 120 MW of ReneSola-branded modules for a period of three years through South African-based module manufacturing subsidiary, Solairedirect Technologies (Pty) Ltd. Full Article
ReneSola Ltd Issues Q1 2013 Revenue Guidance Above Analysts' Estimates-Conference Call
ReneSola Ltd announced that for the first quarter of 2013, it expects revenues to be in the range of $260 million to $270 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $204 million for the first quarter of 2013. Full Article
ReneSola Ltd Officially Announces Japanese Subsidiary
ReneSola Ltd announced it has established a Japanese subsidiary, ReneSola Japan Ltd., in October 2012 to drive sales and business development in Japan. In addition, the Company has applied for its products to be listed by the Japan Photovoltaic Expansion Center (JPEC) for eligibility to receive installation subsidies from the Japanese government. Full Article
ReneSola Ltd Signs 4.3 MW Solar Module Sales Agreement with E.ON
ReneSola Ltd announced that it has agreed to ship 4.3 megawatts (MW) of solar modules to E.ON Climate & Renewables GmbH (E.ON Climate & Renewables), a unit responsible for industrial-scale renewable activities within E.ON AG (E.ON). Under the terms of the agreement, ReneSola will deliver a total of 4.3 MW of its 245 W multicrystalline solar modules in March 2013 to E.ON Climate & Renewables for use in a solar project in Sassari, Italy. Full Article
ReneSola Ltd Issues Q4 2012 Revenue Guidance Below Analysts' Estimates
ReneSola Ltd announced that for fourth quarter 2012, it expects revenue to be in the range of USD240 million to USD260 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of USD288 million for fourth quarter of 2012. Full Article
ReneSola Ltd Signs 4.6 MW Module Sales Agreement With Solar Planet Power Inc.
ReneSola Ltd announced that it has agreed to sell 4.6 megawatts (MW) of its high-quality, high-efficiency 255 watt (W) poly modules to Solar Planet Power Inc. (Solar Planet). Under the terms of the agreement, ReneSola will ship a total of 4.6 MW of its high-efficiency 255 W poly modules to Solar Planet in the third quarter of 2012. Solar Planet intends to order up to 15 MW of additional solar modules within six months following the initial delivery. Full Article
ReneSola Ltd Issues Q3 2012 Revenue Guidance Below Analysts' Estimates
ReneSola Ltd announced that for the third quarter of 2012, it expects revenues to be in the range of USD200-USD220 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $228 million for the third quarter of 2012. Full Article
ReneSola Ltd. Signs 8 MW Module Sales Agreement With True Value Solar
ReneSola Ltd. announced that it has sold 8 MW of high-quality, high-performance monocrystalline solar modules to True Value Solar. Under the terms of the agreement, ReneSola will ship a total of 8 MW of its high-quality, high-performance monocrystalline solar modules directly to True Value Solar's distribution sites in Australia by the end of this month. Full Article
ReneSola Ltd. Signs 5.95 MW Virtus Module Sales Agreement With Solargain
ReneSola Ltd. announced that it has sold 5.95 MW of its high-efficiency Virtus modules to Solargain PV Pty Ltd ("Solargain"), one of the top solar distributors in Australia and one of Australia's integrated solar energy and solar hot water suppliers. Under the terms of the agreement, ReneSola will ship a total of 5.95 MW of its 250 W high-efficiency Virtus modules directly to Solargain. ReneSola also expects to ship additional modules to Solargain in the near future. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
