Reuters logo
BRIEF-Renesola provides business update and announces Q2 2017 results
September 27, 2017 / 12:20 PM / 3 months ago

BRIEF-Renesola provides business update and announces Q2 2017 results

Sept 27 (Reuters) - Renesola Ltd:

* Renesola provides business update and announces second quarter 2017 results

* Q2 revenue $151.6 million

* Renesola Ltd - q2 revenue of $151.6 million was down 3.2% sequentially and down 39.4% year-over-year

* Renesola Ltd - ‍for q3 of 2017, company’s project business is expected to generate revenue in range of $40 to $45 million​

* Renesola Ltd - ‍“company believes china rooftop solar market is an especially lucrative opportunity”​

* Renesola Ltd - ‍company expects to connect 20 to 30 MW of projects during Q3 of 2017​

* Renesola Ltd - ‍“currently owns over 130 MW of rooftop projects under development, concentrated in a handful of eastern provinces of china​”

* Renesola Ltd - ‍“anticipates to own 150 MW of china’s rooftop projects by end of 2017​”

* Renesola Ltd - “‍over time, company intends to shift a meaningful amount of its revenue to recurring power sales”​

* Renesola Ltd - ‍renesola “intends to retain more projects in selected regions and become an independent power producer”​

* Renesola Ltd qtrly loss per share $0.16

* Renesola ltd qtrly loss per ads $1.57 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below