ReneSola Ltd. (SOL) Tops Q3 EPS by 4c; Guides Q4, FY11 Revs Below
ReneSola Ltd. (NYSE: SOL) reported Q3 EPS of ($0.09), $0.04 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $189.1 million versus the consensus estimate of $217.83 million.
Total solar product shipments in Q3 2011 were 328.5 megawatts ("MW"), compared to 295.5 MW in Q2 2011.
Sees Q4 2011 revenue of $140-$150 million, versus the consensus of $221.30 million. Total solar wafer and module shipments to be in the range of 280 MW to 300 MW
Sees FY2011 revenue of $935-$945 million, versus the consensus of $1020 million. Also sees total solar wafer and module shipments to be in the range of 1.23 GW to 1.25 GW
Total solar product shipments in Q3 2011 were 328.5 megawatts ("MW"), compared to 295.5 MW in Q2 2011.
Sees Q4 2011 revenue of $140-$150 million, versus the consensus of $221.30 million. Total solar wafer and module shipments to be in the range of 280 MW to 300 MW
Sees FY2011 revenue of $935-$945 million, versus the consensus of $1020 million. Also sees total solar wafer and module shipments to be in the range of 1.23 GW to 1.25 GW