ReneSola (NYSE: SOL) reported Q4 EPS of ($1.26) ex-reverse split, $0.42 worse than the analyst estimate of ($0.84). Revenue for the quarter came in at $232.1 million versus the consensus estimate of $218.42 million.

• Revenue of $232.1 million was in line with the management guidance range of $220 million to $240 million;
• Gross margin was 2.1%, compared to 10.1% in Q3 2016 and 16.0% in Q4 2015;
• Net loss was $25.5 million, compared to net loss of $20.5 million in Q3 2016 and net income of $6.7 million in Q4 2015;
• Total external module shipments were 330.7 MW while module shipments to the Company\'s downstream projects were approximately 12.3 MW;
• Total external wafer shipments were 305.9 MW, compared to 290.5 MW in Q3 2016 and 270.3 MW in Q4 2015;
• Successfully sold six utility-scale projects in the UK with total capacity of approximately 26 MW and rooftop projects in China with aggregate capacity of 2 MW;
• Recognized revenue of $39.5 million from the sale of six utility-scale projects in the UK;
• As of March 20, 2017, the Company had a solar power project pipeline of over 1 GW, of which 707 MW are projects that are \"shovel-ready\";
• LED sales increased by 30.8% compared to Q3 2016 with gross margin of approximately 25.6%; and
• Total borrowings reduced by $74.7 million to $624.3 million compared to Q3 2016.

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