|
Search |
Mr. Xianshou Li, ReneSola's chief executive officer said, "Both wafer and module prices fell faster than expected in the second quarter as European subsidy cuts weakened demand and led to oversupply in the industry.
ReneSola (NYSE:SOL) reported Q2 EPS of $0.02, missing consensus estimates of $0.16 per share. Revenues fell 1.8% year-over-year to $249.3 million, vs. consensus estimates of $147.6 million.
ReneSola (NYSE:SOL) said that its Q2 revenue will be below its previous forecast due to falling wafer prices and a challenging solar module market.
Equity futures are pointing lower this morning with the Dow Jones Industrial Average looking to open 14 points lower while the broader S&P500 index is looking to open over 3 points lower. Moving fast in the pre-market session
For Q1 2011, the company expects total solar wafer and module shipments to be in the range of 320 MW to 330 MW, revenues to be in the range of US$310 million to US$330 million and gross profit margin to be in the range of 30% to 3
ReneSola (SOL) reports Q4 revenue of $386.4 mln, better than the analyst consensus of $366 mln on Thomson Reuters. Earnings per ADS were $0.70, vs. expectations of $0.69.
 |
Yanzhou Coal Mining (NYSE:YZC) traded today at a new 52-week low of $8.43. This new lo ...
 |
US Physical Therapy (NASDAQ:USPH) traded at a new 52-week high today of $30.42. This n ...
 |
Shares of Universal Forest Products (NASDAQ:UFPI) traded today at $44.46, breaking its ...
 |
Shares of Texas Roadhouse (NASDAQ:TXRH) traded at a new 52-week high today of $25.56. ...
 |
Shares of Tractor Supply (NASDAQ:TSCO) traded at a new 52-week high today of $116.86. ...
 |
Shares of Timken (NYSE:TKR) traded at a new 52-week high today of $58.86. This new hig ...
 |
Shares of Teekay (NYSE:TK) traded at a new 52-week high today of $40.95. So far today ...
 |
Tenneco (NYSE:TEN) traded at a new 52-week high today of $46.76. Approximately 417,000 ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
