Roth Capital Downgrades ReneSola Ltd. (SOL) to Neutral

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Go back to Roth Capital Downgrades ReneSola Ltd. (SOL) to Neutral

Roth Cuts ReneSola (SOL) to Neutral; DG Straegy, OEM Model are Both Negatives

May 30, 2014 9:25 AM EDT

Roth Capital cuts ReneSola (NYSE: SOL) from Buy to Neutral and moves its price target from $5 down to $2.75.

Analyst Philip Shen noted two main reasons behind the move:

Company investments in DG strategy could hampered near-term growth. While we see LT merits in SOLs shift in focus to downstream DG customers (SOL is targeting... More

ReneSola Ltd. (SOL) Posts Q1 Loss of 14c/ADS; Guides Q2 Shipments, Gross Margin

May 29, 2014 6:05 AM EDT

ReneSola Ltd. (NYSE: SOL) reported Q1 EPS of ($0.14), $0.06 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $415 million versus the consensus estimate of $425.54 million.

In Q1, total solar module shipments were 521.1 megawatts ("MW"), compared to 505.3 MW in Q4 of... More