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Stock Market & Financial Investment News

News Breaks
March 24, 2014
13:31 EDTCSUN, SOL, TSL, JKSReneSola says 2H14 looks to be 'very promising' for China market
Shares of Chinese solar company ReneSola (SOL) are sinking despite the company reporting better than anticipated fourth quarter earnings. WHAT'S NEW: ReneSola reported Q4 earnings per share of 0c, above analysts' consensus of (14c). The company reported Q4 revenues of $438.8M, analysts' expectations were $381.4M. During Q4, ReneSola reported total solar wafer and module shipments were 781.1 MW. For FY14, the company said it expects a material increase in module shipments to Japan. WHAT'S NOTABLE: During the company's fourth quarter conference call, ReneSola said that it expects Q1 total solar module shipments in the range of 500 MW to 520 MW and gross margin is expected to be in the range of 9%-11%. For FY14, the company said it expects total solar module shipments to be in the range of 2.3 GW to 2.5 GW. ReneSola said for FY14, it does not currently have any plans for internal capacity expansion. The company said that it might be looking at a "very promising" second half of the year in the China market, but not in the first half of the year due to weather related issues. OTHERS TO WATCH: Other Chinese companies in the solar industry include JinkoSolar (JKS), Trina Solar (TSL), and China Sunergy (CSUN). PRICE ACTION: During afternoon trading, shares of ReneSola were down by 15c, or 3.88%, to $3.72. Shares of JinkoSolar fell 6%, Trina Solar fell 7.12% and China Sunergy rose fell 6.42%.
News For SOL;JKS;TSL;CSUN From The Last 14 Days
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January 26, 2015
11:50 EDTJKSSolar names rise after Obama pledges U.S. help for Indian solar push
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10:28 EDTJKSIndia's Mahnidra to add 500 MW of solar energy, Reuters says
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06:48 EDTTSLTax credit, loan guarantee changes could hurt solar energy, NY Times says
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January 22, 2015
06:14 EDTTSLTrina Solar comments on ITC determination in antidumping duty investigation
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