Categories Earnings, Energy

ReneSola (SOL) Q4 2019 Earnings Snapshot

— ReneSola (NYSE: SOL) reported its fourth quarter 2019 earnings of $0.09 per share vs. $0.02 per share expected.

— Revenue was $26.5 million in the fourth quarter of 2019 vs. $44.8 million expected.

solar power
Photo by Mariana Proença on Unsplash

— ReneSola generated $21.1 million of revenue from the Project Development business and $4.1 million from the IPP business, primarily from the sale of electricity in China.

— Net loss attributed to ReneSola was $10.9 million or $0.23 per share compared to net loss of $4.5 million or $0.12 per share in Q4 2018.

— For fiscal 2020, the company expects revenue in the range of $80 million to $100 million and first quarter 2020 revenue is eyed in the range of $30 million to $33 million.

— ReneSola currently owns 216 MW of operating projects. As of December 31, 2019, the company had 7 MW of completed projects that are currently for sale.

— SOL stock had lost 32% of its value so far this year.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Key highlights from United Airlines Holdings (UAL) Q4 2020 earnings results

United Airlines Holdings, Inc. (NYSE: UAL) reported fourth quarter 2020 earnings results today. Total operating revenues declined 69% year-over-year to $3.4 billion. The company reported a net loss of $1.9

Infographic: Highlights of Kinder Morgan’s (KMI) Q4 2020 earnings report

Energy infrastructure firm Kinder Morgan, Inc. (NYSE: KMI) reported stronger-than-expected earnings for the fourth quarter of 2020, despite a decline in revenues. The company's stock was trading higher soon after

Netflix (NFLX) brushes past saturation concerns with strong subscriber growth across all markets

Shares of Netflix Inc. (NASDAQ: NFLX) soared 17% on Wednesday following an upbeat earnings report from the company a day ago. The stock has gained 81% over the past one

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top