ReneSola: 1Q Earnings Snapshot

By The Associated Press

Posted May 29, 2020 07:33:50 AM.

Last Updated May 29, 2020 07:40:07 AM.

This article is more than 5 years old.

STAMFORD, Conn. (AP) _ ReneSola Ltd. (SOL) on Friday reported a loss of $4.4 million in its first quarter.

The Stamford, Connecticut-based company said it had a loss of 9 cents per share. Losses, adjusted for non-recurring costs, came to 4 cents per share.

The solar energy company posted revenue of $21.2 million in the period.

For the current quarter ending in July, ReneSola said it expects revenue in the range of $22 million to $25 million.

The company expects full-year revenue in the range of $80 million to $100 million.

The company’s shares closed at $1.01. A year ago, they were trading at $1.28.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SOL at https://www.zacks.com/ap/SOL

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