ReneSola (SOL) Tops Q4 EPS by 5c

ReneSola (NYSE: SOL) reported Q4 EPS of ($0.08), $0.05 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $387 million versus the consensus estimate of $355.08 million.

Total solar module shipments were 488.4 megawatts ("MW"), exceeding previous guidance and representing an increase of 5.7% from Q3 2014. Total solar wafer and module shipments in Q4 2014 were 744.3 MW, representing an increase of 12.1% from 663.9 MW in Q3 2014, and a decrease of 5.1% from 784.1 MW in Q4 2013.

Outlook

For Q1 2015, the Company expects its net revenue to be in the range of US$360 million to US$380 million, and gross margin to be in the range of 14% to 16%. (Consensus expectations are at $406 million.)

For full year 2015, the Company expects its net revenue to be in the range of US$1.5 billion to US$1.6 billion. (The Street is at $1.7 billion.)

For year 2015, the Company does not have any plans for internal capacity expansion.

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

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