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Real-Time news about Renesola (London Stock Exchange): 0 recent articles
|corvus_corax: Like the share price crashing very soon so will this planet.
Start to wake up to the fact's, Elenin is not coming alone, the dark twin star 5 x the mass of earth is only a few months behind. The reason for the stock market sell off is being engineered. You will see new wars break out as a smoke screen for the elites departure to Denver Airport ( I suggest you do some research on Denver Airport ) where there is an 8-mile under ground living City.
Russia Today News.
And we all watched the film.
|sailing john: Has anyone else noticed that some of the American "automated" broker notes appear to confuse EPS and PE's They quote EPS and then calculate PE based on ADR share price and end up with half the actual value. I hope that now only ADRs quoted Renesola will quote Earnings per ADR as well as EPS in their annual report tomorrow.
And just for fun ahead of tomorrow's results - here is my guess for 2011 guidance
|liyangnano: Deutsche Bank upgrades Suntech Power (NYSE: STP) from Hold to Buy.
Deutsche analyst says, "We expect the leading China solar PV manufacturers to report strong sets of results in 3Q10E and 4Q10E, and believe this momentum should be further extended beyond 2010 due to a more stable module ASP outlook in 1Q11 qoq. Module ASP may start to drop in 2Q11E but we think this risk is likely to be overcome by the ongoing effort to reduce manufacturing costs. The sector trades at an inexpensive valuation of 5-7x 2011E P/E; we reiterate Buy on ReneSola (NYSE: SOL), Trina (NYSE: TSL) and Yingli (NYSE: YGE), and upgrade Suntech to Buy."
"We remain bullish on ReneSola despite the 66% increase in share price in the past three months. We reiterate Buy on Trina mainly on its manufacturing cost leadership. We also like Yingli but see possible near-term pressure on 3Q10E gross margins due to the additional ramp-up cost from its polysilicon facility and new production lines. We upgrade Suntech as we believe the stock now offers an attractive risk-adjusted reward return after a year of share underperformance and expect the company to secure new wafer capacity in the near term."|
|markhutch: Friday's drop in share price in USA down to $13 came as a bit of a shock, but I guess we were due a pullback as the rise had been extraordinary and all indicators overbought, and all other sola's were also down approx 5%+ on friday too, but the numbers for 2010 remain strong.
I have extracted from the half year report below and with my calculations the headlines are;
2010 full year revenues est $1billion, half year $460m
Net Income full year est $133m, half year $47.9m
EPS per ADS full year est $1.58, half year $0.58
Q3 rev Est $300m, Q4 rev Est $340m
Net income at 28%gross margin Q3 $40m, Q4 $45m
EPS per ADS Q3 Est $0.47, Q4 est 0.53
At p/e 10 - 15, the share price per ADS should be in the range $15.80 - $23.70 ??
Growth in the sector is strong at forecast 30%+ per annum so the fundamentals suggest this share price has to go higher. Assuming Q3 numbers are in line, there has been no suggestions that they have not achieved them, then Q4 should complete a strong year. Any comments??
Results for the Second Quarter 2010
2Q10 1Q10 2Q09 Q-o-Q% Y-o-Y%
Total Solar Product
Shipments (MW) 258.3 242.4 85.9 6.6% 200.7%
Wafer Shipments (MW) 206.7 226.9 83.2 (8.9%) 148.4%
Module Shipments (MW) 50.6 15.4 2.7 228.6% 1,774.1%
2Q10 1Q10 2Q09 Q-o-Q% Y-o-Y%
Net Revenues (US$mln) $253.9 $206.6 $82.6 22.9% 207.4%
Record high revenues in Q2 2010 were driven by higher wafer average selling prices and higher module shipments.
2Q10 1Q10 2Q09 Q-o-Q% Y-o-Y%
Gross Profit (US$mln) $76.6 $35.3 $4.3 117.0% 1,681.4%
Gross Margin 30.2% 17.1% 5.1% -- --
The significant improvement in the Company's gross margin from 17.1% in Q1 2010 to 30.2% in Q2 2010 was driven by overall wafer processing cost reduction and a large decrease in polysilicon costs to market-equivalent prices in Q2 2010.
Operating Income (Loss)
2Q10 1Q10 2Q09 Q-o-Q% Y-o-Y%
Operating Expenses (US$mln) $24.2 $14.1 $8.2 68.8% 190.2%
Operating Income (Loss)
(US$mln) $52.5 $21.2 ($4.0) 149.1% --
Operating Margin 20.6% 10.3% (4.8%) -- --
Increases in operating expenses were primarily due to a US$0.8 million bad debt provision against doubtful accounts receivables, a US$1.4 million provision against equipment suppliers' pre-payments and other operating expenses, including US$2.1 million in management bonuses accumulated for 2010.
Net Income (Loss) Attributable to Holders of Ordinary Shares
2Q10 1Q10 2Q09
Net Income (Loss) (US$mln) $36.1 $11.8 ($3.6)
Earnings (Loss) Per Share $0.21 $0.07 ($0.03)
Earnings (Loss) Per ADS $0.42 $0.14 ($0.05)
The Company achieved record net income of US$36.1 million, an increase of over 200% from US$11.8 million in Q1 2010. Basic and diluted earnings per share were US$0.21, and basic and diluted earnings per ADS were US$0.42.
For the full year 2010, the Company expects revenues to be in the range of US$1.0 billion to US$1.05 billion and gross profit margin to be in the range of 25% to 27%, while maintaining second half gross profit margin in the range of 28% to 30%.
For Q3 2010, the Company expects total solar product shipments to be in the range of 2|
|smudgeroo: Hi SOS,
Well it's a bit of a mixed bag at the moment. As you know I am mainly a chart trader so I will base my views on that. The below chart is based upon the SOL share price as it is the main driver of the SOLA share price (click on it to enlarge).
Hopefully the chart is fairly self-explanatory. We have a strong underlying uptrend represented by the blue line. The recent downtrend which was broken last week is shown in red. If you look at the apex of both lines you will see that the break out occurred just as the MACD crossed through the zero line so that's pretty bullish. Support and resistance is shown by the orange horizontal lines. The last major momentum high being just a tad under $8 and the last major momentum low was $4.25 which incidently was also the resistence level back in April of this year so that's a pretty strong level in both advancing and declining share prices. The $5 psychological level is also shown.
Currently as it stands the MACD is looking like it wants to turn back down which is bearish and this is backed up with the RSI also going in the same direction. However I would only start to think about covering any short term long positions when the blue MACD line crosses the red MACD line. If this should coincide with both lines falling back below the zero line and the RSI falling through the 50 level then it's time be on guard as it starts to look very bearish once again. The first support should be at the psychological $5 level. Should this level fail then it's going to head to $4.25. Similary should the share price hold up I would look towards the $8 level.
Now on a macro level you may recall my post #2575
Well we reached the top of the target range last week. As it stands (and this purely guess work on my part) I believe we may start to see the sell in the markets from the middle of this week onwards. Most markets inverse to the dollar are looking week and with the US$ looking for a bottom, equity markets should be looking for a top (well that's the theory anyway). Oil in my opinion also looks weak so that could also have an impact on the SOL/SOLA share price.
So all in all a mixed bag. As always the above thoughts are purely my own interpretation of what I am seeing at present. As the saying goes always do you own research and base you investment decisions on none other than your own research.
All the best ;o)|
|ariane: EnvironmentSolar powerReneSola awarded £425m contract to build solar power station in ChinaChinese solar power components firm listed in London moves into power station development
阅读013;文 | Read this in Chinese
Terry Macalister guardian.co.uk, Thursday 20 August 2009 14.22 BST Article history
A solar power station in the US. The Wuzhong plant in China will be ReneSola's first as a developer rather than just a manufacturer. Photograph: Corbis
The sun came out on a London-listed solar company, ReneSola, today when it was awarded a deal to develop a $700m (£425m) power plant in northern China, to become operational next year.
Shares in the group surged 19% to 178p on the back of a letter of intent from the Taiyangshan Development Zone to construct a 150MW plant near the city of Wuzhong.
The move is particularly important for ReneSola, which was listed on Aim at 79p in August 2006, because it allows the Chinese firm to move from being a manufacturer of solar wafers, cells and modules into a full-blown scheme developer.
"The emergence of downstream projects in the domestic market represents a significant opportunity for ReneSola to create new revenue streams and expand local market share," said chief executive Li Xianshou.
The contract, which is about the same size as some of the larger wind farms in Britain, also underlines the way China is pressing ahead with its own renewable energy plans amid concern about the country's position as the world's largest carbon emitter.
Li's comments came as former prime minister Tony Blair said after a meeting with Chinese premier Wen Jiabao on Thursday that the country appeared committed to taking stronger steps to contain greenhouse emissions.
A study by some of China's top climate change advisers published this week recommended setting firm targets to limit greenhouse gas emissions and ensure they peak no later than around 2030.
The rise in ReneSola's share price means the stock has now gained 5.5% so far this year, much less than the 35% jump for the index of 100 leading Aim shares. But the current surge in price is a good sign following a fall from a high of 700p reached in November ahead of a global crash in the price of solar wafers as subsidies were cut back and credit for new projects dried up.
Analysts at Goldman Sachs said European manufacturers would struggle to compete in future with Asian competitors and singled out ReneSola, formally based in the British Virgin Islands but with all its manufacturing operations in China, as an attractive investment. Chinese companies had a 30% cost advantage over European firms, said Goldman.
Renesola recently completed the acquisition of rival JC Solar and has been ramping up its annual polysilicon production capacity, which is expected to reach 2,900 tonnes by the end of next year compared to 400 to 500 tonnes over the current 12 months.
The Chinese company reported a pre-tax loss of $2.9m in the second quarter compared to a deficit of $62.8m in the first while earlier in the week German solar module maker Solon reported a bigger-than-expected second-quarter loss and sales also missed forecasts. Three other firms Q-Cells, Conergy and LDK Solar also reported big losses last week.
British-based PV Crystalox said on Wednesday that pricing pressure would continue into the second half of 2009, with average pricing expected to be significantly lower than in the first half.|
|melton john: Bobby, it's definIte as in infinite as in SOLA share price ;-)|
|davius: Considering the close in the US it was expected to open well down. I was surprised to see a 2.5% rally in Asia overnight which helped greatly here and pulled UK and US Futures much higher. The car bail out deal being put back a couple of weeks seems to have caused the slump to the close yesterday, a bit daft really as all they've asked for is the car companies to come up with their own rescue plan before handing over the $25bn. That seems like a highly sensible move.
DOW Futures now up 250 points, still well below 8000 but in these markets anything can happen. The SOLA share price does seem to be on the high side compared to the US though.|
|davius: Interesting dilema if you happen to be short. With the dual listing, anything can happen to the share price in the next four hours. If the US markets rebound, or even just the Sola share price, this could open substantially higher in the morning. So do you take profits and try to buy back now or risk it?
4.15 in the US, around 140p here.|
|chairman2: I wonder if we are seeing the switch to US investors
being the driving force behind SOLA share price?
The rise can be then explained as a direct reflection
of the fall in Sterling aginst the dollar.|
Renesola share price data is direct from the London Stock Exchange