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ReneSola Ltd (SOL)

SOL on New York Consolidated

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23 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Renesola says on track to add 450 MW in 2016-17 in India
Wednesday, 7 Sep 2016 06:20am EDT 

Renesola Ltd :On track to add another 450 MW in 2016-17 in India.  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

ReneSola plans to construct 107 MW of solar projects
Tuesday, 7 Jun 2016 06:30am EDT 

Renesola Ltd : Says plans to construct 107 mw of solar projects in california , massachusetts , minnesota , and north carolina . Construction of a total of 37mw of solar projects in north carolina and massachusetts is expected to commence in second half of 2016 .Construction of remaining 70mw of solar projects in minnesota and california is planned for 2017.  Full Article

Renesola sees FY 2016 revenue $1 bln-$1.2 bln
Monday, 23 May 2016 06:59am EDT 

Renesola Ltd : Company had cash and equivalents of $190 million as of march 31 , 2016 . Total debt was $737 million as of march 31, largely in-line with debt balance as of december 31 , 2015 . Qtrly earnings per ads $0.06 . Qtrly gross margin increased to 17.1% from 16.0% in q4 2015 . Qtrly total external module shipments were 350.7 mw while module shipments to company's downstream projects were 20.1 mw . Q2 revenue view $275.3 million -- Thomson Reuters I/B/E/S . Sees q2 gross margin to be approximately 18% . Fy2016 revenue view $1.13 billion -- Thomson Reuters I/B/E/S . Qtrly earnings per share $0.03 . Qtrly total wafer shipments were 351.0 mw, up 79.9% y/y . Q1 earnings per share view $-0.03, revenue view $256.0 million -- Thomson Reuters I/B/E/S . Renesola announces first quarter 2016 results . Sees fy 2016 revenue $1.0 billion to $1.2 billion . Sees q2 2016 revenue $280 million to $290 million .Q1 revenue fell 12 percent to $260.7 million.  Full Article

ReneSola signs framework agreement to develop 116mw projects in Turkey
Friday, 20 May 2016 07:06am EDT 

ReneSola Ltd : ReneSola signs framework agreement to develop 116mw projects in Turkey . Says projects will be transferred into a new joint venture in which ReneSola and UCK Group will each hold 50 pct .Says joint venture intends to own 70 mw of operating projects by early 2017.  Full Article

ReneSola Ltd to supply 81.5 MW of solar modules in China
Monday, 18 Apr 2016 06:30am EDT 

ReneSola Ltd:To supply 81.5 MW of solar modules in China.Deliveries of these modules are scheduled to be completed by end of May 2016.Started shipping solar modules to two customers with an aggregate volume of 81.5 MW.Renesola says shipment to China foma group is for customer's utility scale project in Gansu Province.  Full Article

ReneSola Ltd announces Sale of Two Projects in Bulgaria
Monday, 21 Mar 2016 08:30am EDT 

ReneSola Ltd:Says has sold two projects in Bulgaria to Solar World Invest Fund SIF ("SWIF").Says projects, located in Sliven, are utility scale systems with capacity of 5.0 MW and 4.7 MW, respectively. SWIF is a Luxembourg-based private equity fund with investments in medium-sized solar installations around the world.Transaction consideration is a combination of cash and assumption of project debt.  Full Article

ReneSola Ltd names Maggie Ma as permanent CFO
Friday, 4 Mar 2016 06:00am EST 

ReneSola Ltd:Has appointed Maggie Ma, currently Interim Chief Financial Officer, to serve as Chief Financial Officer, effective April 1, 2016.  Full Article