ReneSola Ltd. (SOL) Posts Q1 Loss of 14c/ADS; Guides Q2 Shipments, Gross Margin

ReneSola Ltd. (NYSE: SOL) reported Q1 EPS of ($0.14), $0.06 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $415 million versus the consensus estimate of $425.54 million.

In Q1, total solar module shipments were 521.1 megawatts ("MW"), compared to 505.3 MW in Q4 of 2013. Total solar wafer and module shipments in Q1 were 710.1 MW, compared to 784.1 MW in Q4.

For Q2 2014, the Company expects its total solar module shipments to be in the range of 480 MW to 500 MW, and its gross margin to be in the range of 12% to 14%.

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

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