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ReneSola Encounters Headwinds but Looks Better Positioned Than Most

Solar farm builder reports 85% revenue plunge and first-quarter loss, but sees situation improving through the year

This article only represents the author's own views.

Its inclusion in a couple of solar promotion programs powered solar farm builder ReneSola Ltd. (SOL.US) to a market-beating performance on Tuesday, defying a bigger selloff that saw the S&P 500 index drop into bear territory. Despite that market-defying performance, ReneSola itself is also a bear based on its performance this year, losing about a quarter of its value since January, including a 12% decline in the four days since announcing its latest quarterly results.

For the record, a stock or broader index is defined as entering bear territory when it drops by 20% or more from a recent high.

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咏竹坊

咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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