ReneSola (SOL) Misses Q1 EPS by 5c; Guides Q2 Revenue Below Expectations
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Roth Capital Cuts Price Target on ReneSola (SOL) Following Q1 Miss and Weak Guidance
June 3, 2015 9:21 AM EDTRoth Capital maintains a Neutral rating on ReneSola Ltd. (NYSE: SOL), and cuts the price target to $1.30 (from $1.45), following Q1 results. SOL posted a Q4 revenue miss of $349mn vs. consensus of $368mn. EPS of -18c was below consensus of -4c.... More
ReneSola (SOL) Plans to Wind Down OEM Operations; Roth Affirms at 'Neutral' Following Q1 Results, Outlook
June 3, 2015 8:50 AM EDTRoth Capital affirms ReneSola (NYSE: SOL) with a Neutral rating and $1.30 price target following Q2 results and outlook.
Tuesday, ReneSola reported Q1 EPS of ($0.09) and revenue of $349 million, versus consensus estimates looking for a loss of $0.04 per share and revenue of $368.2 million.
Analyst Philip Shen noted the following key takeaways from the... More
