From the Wires
ReneSola to Report Third Quarter 2012 Results on November 30, 2012
Company Updates Third Quarter and Full Year 2012 Outlook
By: PR Newswire
Nov. 21, 2012 03:30 AM
JIASHAN, China, Nov. 21, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2012 before the U.S. markets open on Friday, November 30, 2012.
Based on preliminary data, the Company provides the following updates to its outlook:
"Although the challenging market conditions have affected our third quarter results, we have successfully transformed into a large-scale solar module supplier over the past year," said Mr. Xianshou Li, ReneSola's chief executive officer. "Our module business has performed well in Europe and Australia, while at the same time capitalized on emerging opportunities in the United States and China. In the fourth quarter, we expect to increase our module shipments significantly and are confident our gross margin will turn positive as we executive on our strategy to become a leading module supplier."
ReneSola's management will host an earnings conference call on Friday, November 30, 2012 at 8 am U.S. Eastern Time (9 pm Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is "ReneSola Call".
A replay of the conference call may be accessed by phone at the following number until December 7, 2012:
Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of ReneSola's website at http://www.renesola.com.
Founded in 2005, ReneSola (NYSE:SOL) is a leading global manufacturer of high-efficiency solar PV modules and wafers. Leveraging its proprietary technologies, economies of scale and technical expertise, ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. ReneSola solar modules have scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC). ReneSola solar PV modules can be found in projects ranging in size from a few kilowatts to multi-megawatts in markets around the world, including the United States, Germany, Italy, Belgium, China, Greece, Spain and Australia. For more information, please visit www.ReneSola.com.
For investor and media inquiries, please contact:
Mr. Tony Hung
Mr. Derek Mitchell
In the United States:
Ms. Jessica Barist Cohen
SOURCE ReneSola Ltd.
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