ReneSola Ltd. (SOL) Posts Q4 Loss of 58c/ADS; Issues Outlook

ReneSola Ltd. (NYSE: SOL) reported Q4 loss of $0.58 per ADS, $0.21 worse than the analyst estimate of ($0.37). Revenue for the quarter came in at $306.5 million versus the consensus estimate of $253.5 million.

Total solar wafer and module shipments in Q4 2012 were 713.2 megawatts.

ReneSola Ltd. sees Q1 2013 revenue of $260-270 million, versus the consensus of $204.15 million. Shipments expected to be 660 MW to 680 MW.

For FY13, sees total solar wafer and module shipments to be in the range of 2.7 GW to 2.9 GW, with solar module shipments expected to be in the range of 1.4 GW to 1.6 GW.

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

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Midday movers: Morgan Stanley, UnitedHealth rise; Tesla falls
• Scilex (SCLX) Provides Preliminary Financial Results For Gross and Net Sales for ZTlido® for the First Quarter 2024
• Barrick Gold (GOLD) reported preliminary Q1 production of 940 thousand ounces of gold