ReneSola Ltd (SOL) reported that its first-quarter net loss attributed to holders of ordinary shares narrowed to $39.00 million or $0.45 per ADS, from $40.21 million or $0.47 per ADS in the same quarter last year.
Net revenues for the quarter rose to $284.16 million from $211.48 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.
For the second-quarter of 2013, the company expects total solar wafer and module shipments to be in the range of 700 MW to 720 MW, with solar module shipments expected to be in the range of 400 MW to 420 MW. Revenues are expected to be in the range of $310 million to $330 million and gross margin is expected to be in the range of 3% to 5%. Operating cash flow is expected to exceed $40 million.
For the full year 2013, the company expects total solar wafer and module shipments to be in the range of 2.7 GW to 2.9 GW, with solar module shipments expected to be in the range of 1.4 GW to 1.6 GW.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.