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Stockreport

ReneSola Announces First Quarter 2017 Results

RENESOLA (SOL)  More Company Research Source: PR Newswire
Last renesola earnings: 6/15 07:45 am Check Earnings Report
US:NYSE Investor Relations: ir.renesolapower.com
PDF SHANGHAI, June 15, 2017 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesola.com) (NYSE: SOL), a leading fully-integrated solar project developer and provider of energy efficient technology products, today announced its unaudited financial results for the first quarter ended March 31, 2017.   First Quarter 2017 HighlightsQ1 2017Q/Q ChangeY/Y ChangeRevenue$156.6-32.5%-39.9%Gross Profit$1.7-65.4%-96.1%Operating Loss($17.8)N/AN/ANet Loss($23.2)N/AN/A Revenue of $156.6 million exceeded the high end of the guidance range of $130 million to $150 million; Gross margin was 1.1%, compared to 2.1% in Q4 2016 and 17.1% in Q1 2016; Net loss was $23.2 million, compared to net loss of $25.5 million in Q4 2016 and net income of $5.7 million in Q1 2016; Total external module shipments were 266.8 MW while module shipments to the Company's downstream projects were approximately 44.3 MW;   Total external wafer shipments were 259.2 MW, compared to 305.9 [Read more]

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