Read the latest interims.......just make sure that you are sitting down.

Lifted from ample....

Ek has said more profit warning will be issued. Bai was lucky he got supported by institution in the 550p region with the bonds . I can't believe he wants more funding to expand a company that is already underperforming and under pressure on margin. Smells like a disaster is brewing.

Those coming in late should read this update from Bloomberg, probably the most significant news article of the day, notice its bearish undertones and really points to the problems sola is facing just not in the immediate future but also longer term..........

ReneSola Has Record Decline on Lower Output Forecast (Update1)

(Adds raw material shortage in third paragraph, analyst
comment in fourth.)

By Trista Kelley

Aug. 23 (Bloomberg) -- ReneSola Ltd., the world's largest
recycler of scrap wafers used in solar panels, had a record
decline in London trading after the company said output in 2007
may be as much as 20 percent lower than forecast.
ReneSola shares plunged as much as 99 pence, or 27 percent,
to 288 pence, the biggest drop since the company first sold shares
in August 2006. The stock was trading at 288.25 pence at 2:18 p.m.
in London.
ReneSola, based in Zhejiang, China, plans to build a factory
to make the polysilicon used in its solar products amid an
industrywide shortage of the material. As government efforts to
boost the use of alternative energy help lower the price of solar
power, increased costs of polysilicon, also used in computer
chips, is eroding profit at companies such as ReneSola. LDK Solar
Co. last month said it will also make polysilicon to secure its
own supply.

``Solar companies have to compete with chip manufacturers for
polysilicon,'' John-Marc Bunce, an analyst at Ambrian Partners
Ltd. with a ``buy'' rating on ReneSola stock. ``There's an
undersupply issue, so the price has remained extremely high.''
ReneSola reduced this year's output target to 120 to 125
megawatts from an earlier forecast of 150 megawatts, the company
said today in a PR Newswire statement. ReneSola plans to nearly
double overall wafer production capacity by 2008 amid a surge in
global demand for solar panels, which according to the company is
doubling every two years.

Confidence

``Based on the delays, it's now questionable whether the 2008
targets for capacity output are achievable,'' Bunce said. ``It's
going to take a couple quarters of solid results for investors to
regain that confidence.''

The gross operating margin for the three months ended June 30
dropped to 21 percent from 33 percent a year earlier, ReneSola
said.

The output delays will have an ``adverse impact on our
financial target for the year,'' it said.
ReneSola's net income for the quarter rose 7.5 percent to
$5.43 million from $5.05 million the same quarter a year earlier,
the company said. Sales almost tripled to $45.6 million.
ReneSola shares have fallen 33 percent this year, valuing the
company at 284 million pounds ($567 million).

--Editor: Richards (dss/cms/ams).

ADVFN must be a giggle at the moment. No doubt lots of gnashing of teeth, anyway reached my 250p target from months ago :)

I wouldn't disagreee, found support today at 237p but can't see that holding, 212p next stop and then pick a figure. Wouldn't be surprised to see 100p. SOLA are seriously upsetting the market and are seemingly failing in most areas.

pth

I'm short

Hi shorty I'm about average , 180p next target:-)

Lets put this into perspective , GF being calling these short for 9 months and missed out on a good rise , he still aint making money now they're falling so whats so bloody clever about that ?

Dil?.

Next one up is haike. My man from the East tells me this one is a dodgy outfit.

Still to have a look at it, but he says its something to do with chemicals.

Will be back from hols tuesday so I should have more news then.

Dil, that is my entire point with GF. Why spend so long bleating about it, and not short it ?. It does seem a simple enough question.

If memory serves he does not short, preferring to invest.

LOL.

Didn't realise that was humourous

Re Haike ... then short the bloody arse off it GF and get off the fence :-)

Oh but it was Big Al ....

Dil .... he won't, he's an investor.!!!! LOL.

Kitos my personal investing and how much I place on this stock or that stock as nothing to do with either you or Dil. Your requests are like asking the next door neighbour how much his take home pay is or how much he has in the bank.

IT AS NOTHING TO DO WITH YOU ONCE AND FOR ALL.

Your personal attacks are not doing you any good. Stick to the facts and that is that solas been proved to be a bummer and still is and will be probably clobbered by another profit warning very soon as these production problems dont go away easily.

I would expect a loon like you to have bought back in LOL LOL LOL LOL LOL LOL .

Sell bot been there all day. ;-))

Kitos seems to have gone into hiding. Typical.

Falling again. looks like dow is poised to open lower.

Hey GF, it was you who was hiding until after lunch, not me.

Also, you were always quick to say you had NO POSITION. I simply asked if you were shorting, and LYING.!!!!!!

ps. Keep out of the sun. Enough burning going on at the moment. LOL.

Errm Kitos you said.......


kitosdad - 15 Aug 2007 09:38 - 1634 of 1795
Cyn, lol.... I have no great worry about Sola....just playing about with a few shares here. Come 250p though, as Slats forecasts, I will be going in very, very large, believe me.

AND

kitosdad
Member


Reged: 28/02/04
Posts: 5109
Loc: Camelot Re: Renesola (SOLA) we're getting a bargain here>> [Re: Slater]
#399806 - 18/08/07 12:55 PM Edit Reply Quote



Will be going "all in " if, as you forecast, it ever gets to 250p Mate.

Kitos.

AND


kitosdad - 17 Aug 2007 12:58 - 1725 of 1795
Slats, 250p or less would suit me fine, as I've said repeatedly. But why let the facts get in the way of a good gloat.!!!!!!

ENDS.

Now then kitos I have a post from advfn sent by my snitch today which clearly says you are not long on sola but lets not forget this it even went below 250p yesterday.

So whos the one telling the porkies now.

Youve been named and shamed Kitos admit it.

Dil i seriously recommend you take references out on your online buddies in the future.

Must dash, a lovely cool stella awaits me in MY INTERNET CAFE kitos. (not that its any of your business anyway)