ReneSola Ltd. (ADR) (NYSE:SOL)
About ReneSola Ltd. (ADR) (NYSE:SOL) ReneSola Ltd. (ReneSola) is a manufacturer of solar wafers and producer of solar power products based in China. The Company possess a global network of suppliers and customers that include some of the global manufacturers of solar cells and modules. As of December 31, 2009, ReneSola had an annual wafer manufacturing capacity of approximately 825 megawatts (based on the efficiency conversion calculation methodology adopted before and as of December 31, 2009) consisting of monocrystalline wafer manufacturing capacity of approximately 325 megawatts and multicrystalline wafer manufacturing capacity of approximately 500 megawatts. In July 2009, the Company commenced trial production at the first phase of its polysilicon manufacturing facility in Meishan, Sichuan Province. This polysilicon facility is built in two phases, each with 1,500 metric tons of annual manufacturing capacity.
52 week range
$4.32 - $15.34
Financials ReneSola Ltd. (ADR) (NYSE:SOL) produced $358.70 million in current quarter that is immensely better than last quarter’s ending value which was $253.88 million. Moreover, net profit for the present quarter is also greater than by 78%contrast to last closing quarter. The company’s cash flow from operation is greater than by 112%as compared to last year’s quarterly cash flow from operation. Total assets of company accumulate up to $1549.93 million as on September 30th, 2010. The long term loan has decreased in existing quarter which in turn will lead to less interest income and higher net income in future. Total liabilities of company stand at $1036.71 million which are slightly higher than last quarter. However, equity has increased up to $513.22which is higher than last quarter’s equity.
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