CHINA STOCKS
- by market
- AIM (London)
- AMEX
- Frankfurt Stock Exchange
- London Stock Exchange
- NASDAQ
- New York Stock Exchange
- OTC Bulletin Board
- Toronto Stock Exchange
SECTORS
- Aerospace
- Agriculture
- Apparel
- Auto
- Beauty culture
- Capital
- chemical industry
- Cleantech
- clothing
- Communication
- Construction/materials
- Consumer/leisure
- Decoration
- Education
- Electricity storage/transmission
- Electronics
- Energy
- Finance
- Food/beverage
- Forestry/paper
- Funds
- Gold
- Insurance
- IT/software
- Jewelry
- Logistics
- Manufacturing
- Media
- Military
- Mining
- Packaging
- Pharma/healthcare
- Photographic equipment
- Rare earths
- Real estate
- Steel
- Telecoms
- Travel/hotels
- Utilities
- Wholesale
QFII FUNDS
EVENTS
ABOUT US
NEWSLETTER

Renesola Ltd.

ReneSola Ltd. (ReneSola) is a manufacturer of solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells. The Company's customers include some of the global manufacturers of solar cells and modules, such as JA Solar Co., Ltd., Motech Industries Inc., Solarfun Power Holding Ltd. and Suntech Power Co., Ltd. As of December 31, 2007, it offered monocrystalline wafers in sizes of both 125 millimeter by 125 millimeter and 156 millimeter by 156 millimeter. The Company possesses one of the solar wafer manufacturing plants in China based as of December 31, 2007. As of December 31, 2007, it had annual ingot manufacturing capacity of approximately 378 megawatt, consisting of monocrystalline ingot manufacturing capacity of approximately 218 megawatt and multicrystalline ingot manufacturing capacity of approximately 160 megawatt, and solar wafer manufacturing capacity of approximately 305 megawatt.

See more information about Renesola Ltd.

HansonWesthouse increases full year revenue target for Renesola

2009-11-18 by Ian Mclelland

Nominated Advisor and Broker to Renesola Limited (NYSE: SOL, AIM: SOLA), HansonWesthouse (AIM: HWL), issued an update in response the third quarter results from the Chinese based solar manufacturer this morning.

In the report, HansonWesthouse maintained its “buy” stance on the stock, noting that despite continued weakness in pricing power for solar products, Renesola had managed to increase output and revenues “sharply” in the third quarter.

For the third quarter, Renesola posted a net loss of US$10.5 million on revenues of US$141 million, which was better than HansonWesthouse had expected, and though the broker expects the Company to report further losses in the final quarter of 2009, the outlook for 2010 was considerably rosier as demand recovers. “Although profit estimates remain indicative at this early stage, we believe that ReneSola’s maturing status as a fully integrated solar company will enable the group to show a strong recovery in 2010,” the broker added. At the end of the third quarter, Renesola had net debt of $487.4 million; however, since the end of the quarter the company raised $70 million through American Depository Shares (ADS).

HansonWesthouse is forecasting full year (FY) 2010 revenues of US$838 million and earnings per share of 14.8 pence placing the company on a FY 2010 P/E of 8.6. For the FY 2009, Renesola’s Nomad and Broker is forecasting revenues of US$514 million, up 5.7% from its previous estimate due to increased output guidance from the Company for the fourth quarter.