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ReneSola Ltd (SOL)

SOL on New York Consolidated

2.42USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

ReneSola provides outlook for project business
Wednesday, 8 Mar 2017 06:30am EST 

ReneSola Ltd - : Currently has approximately 335 mw of projects that are under construction and plans to construct over 550 mw in 2017. . In U.K., company intends to construct approximately 14 mw of projects this year . During construction phase, projects will be financed by construction loans . In U.S., company plans to construct 108 mw of projects in 2017, of which 70 mw are community solar projects . ReneSola Ltd - "Now anticipate fewer external module shipments in q1 of 2017 as we had redirected more module sales to our own downstream projects" . During construction phase, projects will also be funded by payment installments from buyers . Expect project sales to pick up in q2 . Continue to gain traction in domestic Chinese distributed generation market .In Canada, company plans to construct about 9 mw of small-scale utility projects under feed-in tariff 3.0 in current calendar year.  Full Article

Shenzhen Clou Electronics reaches settlement with ReneSola Ltd
Wednesday, 8 Feb 2017 01:56am EST 

Shenzhen Clou Electronics Co Ltd <002121.SZ>: Says the co reached settlement with ReneSola Ltd . Says the co agreed to pay 24.7 million yuan to ReneSola Ltd .Says previous release disclosed on Oct. 25, 2016.  Full Article

ReneSola provides outlook for China distributed generation business
Monday, 6 Feb 2017 06:30am EST 

ReneSola Ltd - : ReneSola provides solid outlook for China distributed generation business . Over last few months, domestic distributed generation pipeline has expanded from 16 MW as of Aug 31, 2016 to 393 MW as of Jan 31, 2017 .Says as of January 31, 2017, company had over 393 MW of solar rooftop projects in "shovel-ready" stage.  Full Article

Renesola to provide services for projects in some Chinese provinces
Friday, 3 Feb 2017 06:30am EST 

Renesola Ltd :Renesola Ltd says will provide EPC service for solar rooftop projects in Shandong, Anhui And Zhejiang provinces with a combined capacity of 32 MW.  Full Article

Renesola signs framework agreement to develop 335 mw of rooftop projects
Tuesday, 3 Jan 2017 06:30am EST 

Renesola Ltd : Renesola signs framework agreement to develop 335 mw of rooftop projects . Projects are anticipated to be completed by June 30, 2017. . Signed agreement with unit of Beijing Enterprises Clean Energy Group Limited to develop 335 mw of rooftop solar projects .Beijing Enterprises Clean Energy will provide financing for projects during construction.  Full Article

Renesola's qtrly loss per ads $0.20
Tuesday, 29 Nov 2016 06:55am EST 

Renesola Ltd : Renesola announces third quarter 2016 results . Sees Q4 revenue $220 million to $240 million . Q3 revenue fell 25.2 percent to $187 million . "anticipate solar industry headwinds to continue into 2017" . Renesola ltd - during Q3, total external module shipments were 191.2 MW, down 32.3 pct from Q2 of 2016 . Qtrly gross margin of 10.1pct compared with 16.1pct in Q3 2015 . Renesola Ltd qtrly total wafer shipments were 290.5 mw, down 31.4pct from Q2 of 2016 and down 15.0pct from Q3 of 2015 . Qtrly loss per ads $0.20 . Qtrly loss per ads were $0.20, compared to earnings per ads $0.05 in Q2 of 2016 . Qtrly foreign exchange loss of $3.3 million, partially offset by gains on derivatives of $0.3 million . Renesola - in quarter, reduction in shipments reflected softened demand in domestic market .Renesola Ltd - Q4 outlook reflects reduced shipments due to weak domestic demand, high polysilicon prices, and declining wafer prices.  Full Article

Renesola extends share repurchase program
Monday, 26 Sep 2016 06:02am EDT 

Renesola Ltd : Renesola extends share repurchase program .To extend its original stock repurchase program for another 12 months ending September 2017.  Full Article

ReneSola announces sale of solar project in Japan
Friday, 26 Aug 2016 06:30am EDT 

Renesola Ltd : Renesola announces sale of solar project in Japan . Sold a 1.23 MW solar power project located in Ibaraki, Japan. . Says revenue from sale will be recognized in Q3 and all proceeds have been collected . Renesola Ltd says revenue from sale will be recognized in q3 and all proceeds have been collected .Says including Ibaraki Project, 29.6 MW are in late stage development and expected to be monetized in quarters ahead.  Full Article

Renesola reports qtrly earnings per ADS of $0.05
Wednesday, 24 Aug 2016 06:50am EDT 

Renesola Ltd : Renesola announces second quarter 2016 results . Sees FY 2016 revenue $900 million to $1.1 billion . Q2 revenue fell 4.1 percent to $250 million . Sees Q3 2016 revenue about $200 million . Qtrly gross margin was 16.5%, compared with 17.1% in Q1 2016 and 16.5% in Q2 2015 . Qtrly earnings per ADS were $0.05, compared to $0.06 in Q1 of 2016 . Company sold four utility-scale projects in United Kingdom in Q2 of 2016 . During Q2, total external module shipments were 282.4 MW, down 19.5% from Q1 of 2016 . Qtrly total wafer shipments were 423.3 MW, up 20.6% q/q . Renesola Ltd sees q3 gross margin to be around 10% . Q3 outlook reflects impact from high polysilicon prices combined with declining wafer prices . Says lower FY revenue outlook reflects a slowdown in shipments and lower ASP . Says Q3 outlook reflects impact from high polysilicon prices combined with declining wafer prices .Fy2016 revenue view $1.08 billion -- Thomson Reuters I/B/E/S.  Full Article

Renesola says sale of 4 utility scale projects in the UK
Friday, 1 Jul 2016 06:50am EDT 

Renesola Ltd : Renesola announced sale of four utility scale projects in uk . Says sold four operational, Photovoltaic assets in England to Equitix Fund IV . Sale was transacted in GBP and ahead of completion, Renesola entered into hedging transactions to protect project value in U.S. dollars. .Renesola ltd says "we remain confident to generate profits and cash flow for remainder of 2016 and 2017".  Full Article

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