Back to top

Image: Bigstock

ReneSola Ltd.

Read MoreHide Full Article

ReneSola ended 2017 on a solid note, with both its fourth-quarter earnings and revenues having surpassed the respective Zacks Consensus Estimate. With the U.S. administration having imposed a of 30% on the import of solar panels and modules, ReneSola’s revenues will be impacted adversely. As the company expands its distribution network internationally, its exposure to fluctuations in currency exchange rates rises. Consequently, ReneSola’s share price has underperformed the broader industry over a year. However, the company continues to benefit from a steady flow of contracts from both domestic and international customers.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Renesola Ltd. (SOL) - free report >>

Published in