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ReneSola: Q2 Earnings Insights

(ReneSola:SOL) stock fell by 1.13% after the company reported their Q2 earnings results on Monday, August 30, 2021 at 10:51 PM. Here's what investors need to know about the announcement. Earnings ReneSola beat their estimated earnings by 120.0%, which sur...

Benzinga · 09/01/2021 09:37

(ReneSola:SOL) stock fell by 1.13% after the company reported their Q2 earnings results on Monday, August 30, 2021 at 10:51 PM.

Here's what investors need to know about the announcement.

Earnings

ReneSola beat their estimated earnings by 120.0%, which surprised analysts.

Revenue was up $7,659,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.07, which was followed by a 16.43% increase in the share price the next day.

Here's a look at ReneSola's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020 Q2 2020
EPS Estimate 0.05 -0.02 -0.01 0 0
EPS Actual 0.11 0.05 0 0.05 0.08
Price Change % -1.13% 16.43% -3.32% -21.17% -0.45%

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

ReneSola earnings and revenue guidance hasn't been issued for now.

Listen to the earnings announcement yourself by clicking here.

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