ReneSola Provides Third Quarter 2019 Preliminary Results
Emeren Group Ltd American Depositary Shares, each representing 10 shares (SOL)
Last emeren group ltd american depositary shares, each representing 10 shares earnings: 11/19 06:30 am
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US:NYSE Investor Relations:
ir.renesolapower.com
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Source: PR Newswire
SHANGHAI, Oct. 15, 2019 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today provided preliminary unaudited financial results for the third quarter ended September 30, 2019.Preliminary Third Quarter 2019 ResultsBased on preliminary unaudited results, the Company expects revenue for the third quarter of 2019 to range between $55 million and $60 million, compared to its previous guidance of $15 million to $20 million. Gross margin for the third quarter of 2019 is expected to be in the range of 15% to 17%, compared to the prior guidance of 35% to 40%.Ms. Shelley Xu, Chief Executive Officer of ReneSola, commented, "Our preliminary revenue range reflects significant revenue contributions from the sale of several solar projects in September 2019. As we discussed earlier in the year, some project sales were delayed into the second half, but with focused team work we were able to close many t
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- Emeren Group Ltd (NYSE: SOL) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
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SOL
Earnings
- 11/14/24 - In-Line
SOL
Sec Filings
- 11/18/24 - Form 8-K
- 11/14/24 - Form 10-Q
- 11/4/24 - Form 8-K
- SOL's page on the SEC website