DALLAS, Oct. 5, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring ReneSola Ltd. (NYSE:SOL). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on ReneSola Ltd. (NYSE:SOL) should be of particular interest to comparable companies: LDK Solar Co. Ltd. (NYSE:LDK), Kyocera Corp. (NYSE:KYO), EXchip Semiconductor (Nasdaq:EZCH) and Actions Semiconductor Co. (Nasdaq:ACTS).
The full report is available at: http://www.stockpreacher.com/n/SOL
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ReneSola Ltd. (SOL) is a manufacturer of solar wafers. As of December 31, 2008, SOL had 306 monocrystalline furnaces and 64 multicrystalline furnaces installed. As of December 31, 2008, it had annual wafer manufacturing capacity of approximately 645 megawatt, consisting of monocrystalline wafer manufacturing capacity of approximately 325 megawatt and multicrystalline wafer manufacturing capacity of approximately 320 megawatt. The Company is one of the wafer manufacturers in China capable of slicing wafers with a thickness less than 180 microns. It also offers ingot and wafer processing services to certain customers.
Message Board Search for SOL: http://www.boardcentral.com/boards/SOL
In the report, the analyst notes:
"The Company expects its third quarter 2009 revenue outlook to be in the range of US$130 million to US$140 million and expects its gross margin to be similar to that of its second quarter 2009. The Company also expects its full year revenue outlook for 2009 to be in the range of US$470 million to US$500 million and maintains its prior product shipment outlook for 2009 of 450 MW to 500 MW. According to schedule, SOL commenced production of the first batch of polysilicon from phase 1 of its two-phase, 3,000 metric tonne (MT) annualized capacity polysilicon manufacturing facility in China's Sichuan province in July 2009.
"In the first quarter of 2009, the Company recorded a US$68.0 million inventory write-down against the net realizable value of inventories as a result of the rapid decrease in the market price and value of feedstock such as polysilicon and scrap silicon materials, work in progress materials and finished solar wafers."
To read the entire report visit: http://www.stockpreacher.com/n/SOL
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