ReneSola Ltd. (SOL) Misses Q2 EPS by 14c; Guides Q3 Revs Below Street
ReneSola Ltd. (NYSE: SOL) reported Q2 EPS of $0.02, $0.14 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $249.3 million versus the consensus estimate of $238.32 million.
Total solar product shipments in Q2 2011 were 295.5 megawatts, compared to 330.4 MW in Q1 2011.
Sees Q3 2011 revenue of $220-$240 million, versus the consensus of $276.90 million.
ReneSola expects total solar wafer and module shipments to be in the range of 330 MW to 350 MW for Q311/
Total solar product shipments in Q2 2011 were 295.5 megawatts, compared to 330.4 MW in Q1 2011.
Sees Q3 2011 revenue of $220-$240 million, versus the consensus of $276.90 million.
ReneSola expects total solar wafer and module shipments to be in the range of 330 MW to 350 MW for Q311/