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.

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