ReneSola Ltd. (ADR) (SOL) Releases Earnings Results, Misses Expectations By $-0.03 EPS

ReneSola Ltd. (ADR) (SOL) announced its most recent quarterly financial results on Tuesday, Nov-29-2016. SOL reported $-0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $-0.17. The company posted revenue of $187.00 million in the period, compared to analysts expectations of $200.90 million. SOL’s revenue was down -49.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

ReneSola Ltd. (ADR) closed down -0.0167 points or -2.12% at $0.77 with 2,22,333 shares getting traded on Friday. Post opening the session at $0.7756, the shares hit an intraday low of $0.7696 and an intraday high of $0.7998 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

ReneSola Ltd (ReneSola) is a holding company. The Company is a brand and technology provider as well as manufacturer of solar power products based in China. The Company provides its customers with solar power products and processing services. It provides solar power products to a network of suppliers and customers which includes manufacturers of solar cells and modules and distributors installers and end users of solar modules. The Company manufactures solar-grade polysilicon solar wafers cells and modules. The Company offers monocrystalline and multicrystalline wafers of various sizes and thicknesses. In wafer manufacturing it slices wafers with a thickness less than 180 microns. The Company’s subsidiaries include ReneSola Zhejiang Ltd. Sichuan ReneSola Silicon Material Co. Ltd. ReneSola Jiangsu Ltd Sichuan Ruiyu Photovoltaic Materials Co. Ltd. ReneSola Shanghai Ltd. and ReneSola Deutschland GmbH among others.

ReneSola Ltd. (ADR)

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