ReneSola (SOL) Misses Q1 EPS by 5c; Guides Q2 Revenue Below Expectations

ReneSola (NYSE: SOL) reported Q1 EPS of ($0.09), $0.05 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $349 million versus the consensus estimate of $368.18 million.

Total solar module shipments were 496.4 megawatts ("MW"), representing an increase of 1.6% from Q4 2014. Total solar wafer and module shipments in Q1 2015 were 691.5 MW, compared to 744.3 MW in Q4 2014, and 710.1MW in Q1 2014.

For Q2 2015, the Company expects its net revenues to be in the range of US$250 million to US$300 million, and gross margin to be in the range of 16% to 18%. The Street sees Q2 revenue of $387.9 million.

For earnings history and earnings-related data on ReneSola (SOL) click here.

You May Also Be Interested In

• Tesla touts acceleration of new models, but Q1 results fall short of estimates
• Intel to report later this week, but analysts flag weakness in chipmaking unit
• Stride Inc. (LRN) Tops Q3 EPS by 17c, provides guidance