Jul 12, 2011
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. The company said it now expects revenues of $235 million to $245 million, down from $280 million to $300 million.
Total solar wafer and module shipment will be in the range of 290 megawatts to 300 megawatts, compared to the previous forecast of 330 megawatts to 350 megawatts.
Shares of the company are currently trading 7.69% lower at $4.32.
Renesola has a potential upside of 148.1% based on a current price of $4.32 and an average consensus analyst price target of $10.72.
Oil & Gas Post
Promote Your Page Too
No comments:
Post a Comment