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!

Also Read:  Caterpillar delivers a mixed bag in Q4

Most Popular

Will Citrix Systems show consistent growth in the long-term?

Citrix Systems, Inc. (NASDAQ: CTXS) stock retreated on Tuesday due to concerns about its growth after reaching a record high of $146.25 on Monday. The digital workspace platform turned beneficial

INFOGRAPHIC: BlackBerry’s (BB) revenue grows in Q4 2020

BlackBerry Limited (NYSE: BB) reported fourth-quarter 2020 earnings results on Tuesday, March 31, after the market close. BB stock gained about 2% during after-market hours following the announcement. BlackBerry stock,

Carnival Corporation (CCL): Don’t sign up for this cruise just yet

Carnival Corporation’s (NYSE: CCL) shares were up over 6% in afternoon trade on Tuesday. The stock has dropped 73% since the beginning of this year. The travel industry has been

Top