ReneSola (SOL) Reports Q2 Loss of $1.57/ADS

ReneSola (NYSE: SOL) reported Q2 EPS of ($1.57), versus $0.27 reported last year. Revenue for the quarter came in at $151.63 million, versus $250.04 million reported last year.

Outlook

For the third quarter of 2017, the Company's project business is expected to generate revenue in the range of $40 to $45 million and overall gross margin in the range of 15% to 20% with the gross margin of IPP business in the range of 65%-70%. The Company expects to connect 20 to 30 MW of projects during the third quarter of 2017.

(Updated)

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

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