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

lyched maybe .... as you will be if figures are not up to scratch ..... actually, shall just let go of your wheelchair at the top oif a steep hill!

Well, I need a bit of excitement to brighten up my day :o)

Actually, can I have my blanket back from the pawn-shop, please, to stop me from getting a chill whilst the wind whistles round my ankles?

Results due out in the morning.

To quote that great stock market player, Annie, : "Tomorrow, Tomorrow, I love ya, Tomorrow; you're only a day away . . . . "

:o)

Kin'ell.

Makes our producers, like nng, look like winkers.

Excellent results and prospects looking as bright as anyone could have hoped for.
Only the general market sentiment (after George Dubya's pasting in the American elections overnight) has kept the share price subdued.

Ian

soul* ...... jury is out whether or not you get yoiur blanket bacvk or get thrown off the end of the pier with concrete boots

cynic!

Get a new supplier, whatever it is you're smoking or digesting is not helping with your spelling.

canada ...... just running banter between soul and myself

OK, just kidding!

Thinking of dumping all my other holdings and topping up on sola, buy gone through for 50,000 at 232p, so looking good, have you seen any brokers notes.?

no .... but haven't been looking for them either ...... potentially some press news tomorrow

For those who haven't seen: the full RNS is available on the other side. Here are the highlights:

3rd Quarter Results

RENESOLA LTD

RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2006

ReneSola Ltd (AIM: SOLA) ("ReneSola" or the "Company"), a leading manufacturer
of wafers for the photovoltaic (PV) industry, today announces results for the
third quarter and nine months ended 30 September 2006.

The results for the third quarter and first nine months of 2006, which are set
out below, are those of Zhejiang Yuhui Solar Energy Source Co. Ltd., the
wholly-owned trading subsidiary of ReneSola.

Third Quarter 2006 Highlights:

* Revenue increased by 64.6% over the second quarter to RMB225.6 million
(US$28.4 million)

* Gross profit increased by 51.5% over the second quarter to RMB67.8 million
(US$8.5 million)

* Gross margin reduced to 30.1% from 32.7% in the second quarter due to an
anticipated increase in feedstock prices

* Production output exceeded the projected 13 MW

* Net profit increased by 55.7% over the second quarter to RMB63.0 million
(US$7.9 million)

* Production capacity successfully increased, more than doubling during the
quarter, with a further 54 monocrystalline furnaces installed, bringing the
total number in operation to 90 by the end of the quarter

* One wire saw fully commissioned and operational and a further four
installed during the quarter -- additional 19 wire saws to be delivered
over the remainder of 2006, bringing the total to 24

Mr. Li Xian Shou, CEO of ReneSola, said: "During the third quarter we continued
the expansion of our production capacity with the installation of 54 new
furnaces and four wire saws.

"We have also entered into major new long term sales contracts with terms
between three and five years' duration. Over 90% of our existing production
capacity has now been pre-sold for 2007 and the feedstock required for the
pre-sold production output has been secured through a combination of long term
supply contracts and our ongoing procurement programme."

Third Quarter 2006 Results

Total revenue for the third quarter of 2006 was RMB225.6 million (US$28.4
million), an increase of 64.6% over the second quarter. The strong growth rate
was primarily due to the production capacity more than doubling from 36
furnaces at the end of the second quarter to 90 furnaces at the end of third
quarter.

Gross profit for the third quarter was RMB67.8 million (US$8.5 million), an
increase of 51.5% over the second quarter. Gross margin for the third quarter
was 30.1%, compared with 32.7% in the second quarter and 25.7% for the first
quarter. The gross margin decreased due to the anticipated rise in feedstock
prices, which was partially offset by continuing technological improvements and
more stringent cost control measures.

Operating expenses in the third quarter were RMB4 million (US$0.51 million),
compared with RMB3.4 million (US$0.43 million) in the second quarter. The rate
of this increase was well below the expansion in the scale of ReneSola's
business.

Operating income for the third quarter of 2006 was RMB63.7 million (US$7.9
million), an increase of 55.6% over the second quarter. The operating margin
was 28.2%, compared with 30.0% in the second quarter.

Net profit for the third quarter of 2006 was RMB63.0 million (US$7.92 million),
an increase of 55.7% over the second quarter.

Business Highlights

In the third quarter, ReneSola completed a key milestone in its expansion
programme with an increase in the monocrystalline furnaces in operation from 36
to 90.

The Company acquired an 11 acre plot of land for the new buildings to house the
planned 100MW 2007 capacity expansion programme. Design of the new facility has
begun and construction is expected to be completed early in the first quarter
of 2007. The Company recently signed a contract with ALD Vacuum Technologies
GmbH in Germany for the delivery of multicrystalline furnaces during the course
of 2007.

In addition to one wire saw becoming fully operational, ReneSola also installed
a further four wire saws during the third quarter. An additional 19 wire saws
are to be delivered during the remainder of 2006, bringing the total number to
24. When these wire saws are fully operational, the Company will be able to
improve gross margin by slicing all the ingot output from the existing
production capacity, rather than outsourcing it to third parties. ReneSola
recently signed a contract with Meyer Burger AG in Switzerland to purchase
additional wire saws which will enable the Company to slice all the ingots from
the planned 2007 capacity increase.

During the quarter, ReneSola entered into new long term contracts with major
cell and module manufacturers with terms of between three and five years.
Customers include Suntech Power Co. Ltd and Topco Technologies Corporation.
Together with the contracts signed during the second quarter, over 90% of the
existing capacity for 2007 has been pre-sold and the feedstock required
secured.

The silicon feedstock procurement programme for 2007 is well advanced with
ReneSola having approximately 400 tonnes in stock, close to 400 tonnes to be
delivered in 2007 under long term procurement contracts, on-going monthly
purchases of between 60 and 90 tonnes and a certain amount from its customers
under tolling arrangements. Following substantial increases earlier in the
year, raw material prices now appear to have stabilised.

The Company has commenced the establishment of a new R&D centre at its existing
site with equipment currently being delivered. The centre will be staffed by 20
engineers. It is expected that the new R&D centre will be in full operation by
the end of the year.

Outlook for Fourth Quarter

Total production output is anticipated to rise to approximately 18MW in the
fourth quarter. In addition, with the increase of wire saw production, the
benefits of in-house wafer-slicing should start to appear for the first time.

A quick and dirty calculation indicates that SOLA could make US$ 25 million net profit for the current financial year. At current SP of 232p, that's a PE of 17.35.

Not bad, given the projected growth potential.


I, too, am a bit surprised that the SP didn't advance a bit more, although it's possiblethat some of the good news was already priced in. Theories on the other side suggest that somebody may be working a large buy and that this is holding the price back; it's possible.

Next stop 300p??? Then what?
Soult - shame you quit VLK, 'cos that & SOLA in your portfolio would have made you a very happy chappy! :o)

harry .... you're right about VLK, but one cannot and should not buy everything that moves ...... otherwise you are likley to have bought SUB ..... sorry to hear you had those soul*; no wonder you had to pawn the wheelchair and blanket

Cynic, I haven't got SUB; lost my readies on FEP instead (d'oh!).

STill watching SUB and waiting for the results of the financing.

HArry, I'm glad VLK is still making progress; am managing to remain a happy chappy in spite of being separated from the recent action.

Especially given that I put my VLK money into SOLA and it's still going along nicely:

SOLA Bid: 239p Offer: 241p Change: 8

SOUL* ..... please stay out of SUB even if they get their funding

Cynic, that sounds like good advice - the question is, can I afford to take it? ;o)


SOLA doing nicely - ten straight days of upwards movement:

Today's change: SOLA Bid: 243p Offer: 247p Change: 5

New highs the last two days as well.

And now a pre-weekend sell-off :o)

SOLA Bid: 239p Offer: 242p Change: 0.5

What is your target price by Xmas, soult?