Renesola Ltd. (NYSE:SOL) manufacturer of solar power products, is reporting third quarter earnings results on Tuesday 1st December 2020, After Market Close.
The consensus estimates from Thomson Reuters are $ 9.90 million in revenue.
For the full year, analysts predict revenues of $ 90.58 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 80.00 million ~ $ 100.00 million
Click Here For More Historical Outlooks Of Renesola Ltd.
Previous Quarter Performance
Renesola Ltd. unveiled income for the second quarter of $ 0.08 per share, from the revenue of $ 26.19 million. The quarterly earnings contracted 38.46 percent while revenues raised 93.00 percent compared with the same quarter last year. Street analysts expected $ 22.40 million. The top line results outshined analysts by $ 3.79 million or 16.92 percent.
Stock Performance
Shares of Renesola Ltd. traded up $ 0.45 or 6.02 percent on Monday, reaching $ 7.93 with volume of 4.72 million shares. Renesola Ltd. has traded high as $ 8.27 and has cracked $ 6.66 on the downward trend
According to the previous trading day, closing price of $ 7.93, representing a 780.00 % increase from the 52 week low of $ 0.85 and a 10.85 % decrease over the 52 week high of $ 8.39.
The company has a market capital of $ 409.67 million and is part of the Technology sector and Solar industry.
Conference Call
Renesola Ltd. will be hosting a conference call at 4:30 PM eastern time on 1st December 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.renesolapower.com
ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It operates through three segments: Solar Power Project Development, EPC Services, and Electricity Generation Revenue. The company also develops community solar gardens; and sells projects rights.
