ReneSola, Ltd., along with its subsidiaries, engages in the development, manufacture, and sale of solar wafers and related products in the People�s Republic of China. It offers silicon ingots and solar wafers, which are processed from silicon raw materials, including reclaimable silicon raw materials, in the form of partially-processed and broken wafers, broken solar cells, pot scrap, silicon powder, ingot tops and tails, and other off-cuts. The company offers solar wafers, which are thin shee...
ReneSola, Ltd., along with its subsidiaries, engages in the development, manufacture, and sale of solar wafers and related products in the People�s Republic of China. It offers silicon ingots and solar wafers, which are processed from silicon raw materials, including reclaimable silicon raw materials, in the form of partially-processed and broken wafers, broken solar cells, pot scrap, silicon powder, ingot tops and tails, and other off-cuts. The company offers solar wafers, which are thin shee...
I am replacing some solar exposure I sold off earlier this week. I continue to find this space very undervalued but valuation has meant little in this market for a long time - so we've relied on charts. I'm also wary of the type of reversals this group is infamous for. But we have 2 industry conventions coming up, Obama, McCain, blah blah and perhaps we can get sentiment to stick. The solar story is very global and has very little to do with America thus far, but investors in solar stocks are mostly American so it's an interesting juxtaposition.
Quite a staggering good result from ReneSola (SOL) this morning; the stock has had a huge run since we began adding a week ago so some pullback might happen but it won't be for fundamental reasons. The revenue growth they had sequentially (quarter over quarter) is more than most companies do year over year - 40%! Research and Development spending jumped $3M from the previous quarter - that was much higher than I expected; if it had held steady from last quarter their net income would of went up from $23.3M to $26.3M and their EPS would of came out even more impressive. The only issue I h...
I usually do not add exposure going into earnings; instead doing the reverse but for the 3rd time this week we are increasing our position in ReneSola (SOL) - this time from 3.0 to 3.7% of portfolio. You can see quite a breakout occuring here and we've been layering in on each jump up.
The most direct parallel to LDK Solar is ReneSola (SOL) which should benefit directly from such fantastic results. SOL is trading at a whopping 11x forward estimates.
As discussed a quarter ago many of these module makers were getting a huge currency benefit; people didn't care that this had nothing to do with their operations - they just saw the headline press release and saw big numbers and ran up the stocks. Yingli Green Energy showed the effects of what happens when currency goes against you as they had a $20M swing from 1 quarter to t
LDK Solar (LDK) - complete crap shoot with any of these solar names around earnings. The sector is out of favor is the overriding theme. In the 2 years or so I've been in these stocks this is the longest I can remember absolutely no rally in the group.
You just never know with these guys - they can be up 25% or down 25% within minutes of their earnings report. In LDKSolar's case it's "up" (20%). The chart did not signal much before hand... We don't own a major stake since we've taken a basket approach to the sector so we won't benefit much but ...
I see a lot more upside to estimates on SOL for the quarters to come. The stock trades at a forward P/E ratio of 9 and the firm has about $200 million in cash on the books.
WM is an almost bankrupt (government salavaged) co. And if that happens, all bets are off... a better bet would have been wachovia.
ReneSola Ltd. (ADR) (SOL) is not for the faint of heart. Since its $13.00 IPO in March the stock has seen a low of $7.36 and a high of $29.48. That accounts for a 300% gain if one was lucky enough to buy at the very bottom and sell at the very top. [...]
I have been watching Renesola (SOL)
since it was first listed on the New York Stock Exchange back in late
January. <!--more-->I bought my first round of shares at $11.60 and watched the
stock price drop below $8 without breaking a sweat. I believed in the
fundamentals of the company then and I still do now.
Of course,Renesola stock did not stay below $8 for very long and when it broketoward the $9 mark, I bought a significant number of shares for $8.90,recommended the company in the April edition of my newsletter Road Less Traveledand alerted subscribers that solar shares had put in a botto
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SOL
About RENESOLA LTD
- Answers.com
I bought my first round of shares at $11.60 and watched the
stock price drop below $8 without breaking a sweat. I believed in the
fundamentals of the company then and I still do now. 
