ReneSola (SOL) Tops Q4 EPS by 9c; Guides Q1, FY16 Revenue Below Expectations
ReneSola (NYSE: SOL) reported Q4 EPS of $0.07, $0.09 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $296.4 million versus the consensus estimate of $283.67 million.
- Sold 18.0 MW of projects, project pipeline at 641 MW
- Total external solar module shipments were 373.2 MW
GUIDANCE:
ReneSola sees Q1 2016 revenue of $260-270 million, versus the consensus of $293.3 million.
ReneSola sees FY2016 revenue of $1.0-1.2 billion, versus the consensus of $1.26 billion.
For earnings history and earnings-related data on ReneSola (SOL) click here.
