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ReneSola: Q4 Earnings Insights

ReneSola (NYSE:SOL) reported Q4 results Friday morning. Quarterly Results Earnings per share rose 800% year over year to $0.09, which beat the estimate of $0.02. Revenue of $26,529,000 up by 375.94% year over year, which missed the estimate of $44,800,000.

Benzinga · 03/13/2020 12:43

ReneSola (NYSE:SOL) reported Q4 results Friday morning.

Quarterly Results

Earnings per share rose 800% year over year to $0.09, which beat the estimate of $0.02.

Revenue of $26,529,000 up by 375.94% year over year, which missed the estimate of $44,800,000.

Looking Ahead

Q1 revenue expected to be between $30,000,000 and $33,000,000.

Details Of The Call

Date: Mar 13, 2020

Time: 08:00 AM ET

Webcast URL: https://edge.media-server.com/mmc/p/rd3mzssd

Technicals

52-week high: $2.09

52-week low: $0.86

Price action over last quarter: down 38.31%

Company Description

ReneSola is a Chinese manufacturer of crystalline silicon raw material, ingots, and solar wafers. Solar wafers are used by manufacturers of photovoltaic cells for the generation of electricity from sunlight.