Form 6-K ReneSola Ltd For: Aug 13

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Go back to Form 6-K ReneSola Ltd For: Aug 13

Roth Capital Encouraged by ReneSola's (SOL) Progress, but Sustainable Profits Need to be Demonstrated

August 13, 2014 6:47 AM EDT

Roth Capital maintains its Neutral rating and $2.75 price target on ReneSola (NYSE: SOL) following Q2 results issued Tuesday.

Analyst Philip Shen offered the following commentary: We believe SOL's stock may be challenged in the near term given the company's weak Q3 shipment guidance and the lack of a 2014 outlook. Management de-emphasized volumes and is instead focusing on higher margin revenues. While this is laudable, the lack of 2014 shipment guidance, in our view, was a... More