ReneSola (SOL) Reports Q3 Revenues Miss, Address Short Report

ReneSola (NYSE: SOL) reported Q3 revenue of $15.5 million versus the consensus estimate of $20.24 million.

Bellow Shareholders, Before we review third quarter results, we need to start by addressing the false and misleading report about us published last week by an obscure short-selling firm. After studying the Grizzly report, we conclude that the author has very limited knowledge of how solar project development works and has manipulated facts that are readily available to the public to create an impression of nefarious activity that is false, inappropriate, and misleading. We encourage all our stakeholders to read the report and listen to our response, which will be presented on the earnings conference call taking place today. We believe reading the report with a critical eye and keeping in mind the author’s financial incentives (they have a previously established short position in our stock), will enable readers to fully understand the deeply flawed and purposefully misleading narrative created by that firm.

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

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