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

Reuters - "Shares in AIM-listed ReneSola slide 6.6 percent to 110.25 pence after the Chinese-based manufacturer of solar wafers fails to provide the market with adequate 2009 guidance alongside its 2008 third quarter results on Wednesaday, citing market uncertainty.

'ReneSola's results send mixed messages to the market. The market has limited patience in the current environment, so -- despite the strong third quarter results -- the lack of visibility for 2009 will have an overriding effect on the stock,' says Ambrian analyst Puja Bharadia."

95p and into freefall.

A good trading opportunity if you can pick it.

it has not ben possible to short SOLA for at least 3 months ...... i know cos i have tried! .... prob down again tomorrow too, though not sure of ADR level when london closed

No I meant going long

Time to go long??.

Closed at 98 1/2p in the US and looks like its got some catching up to do with other sola stock over there.

Decisions decisions.

Trust you went long on SOLA Goldfinger.
Rise today due to rumours of a buy out.
News from the City that the offer price is 2.

???????????? ...... what rise? ...... still showing as 98.5 mid = down 1p, though had been as low as 90

"Rise today due to rumours of a buy out.
News from the City that the offer price is 2."
Any further details of this or source of info please? Have trawled news sites, but can find no reference.

Harry it is no coincidence that as the price of oil falls the solar shares fall and all the green issues will go out of the window.

sp in for another 20p+ rise today with very strong showing in NY ..... wonder why, unless end of year squaring of books

maybe. Tried to spreadbet it short as I don't think it will end up 16% but to no avail.

No market at IG.

it has not been possible to short SOLA for at least 3 months .... however, your prognosis is correct and NY currently showing ADR price -31

MoneyAM
Chinese solar wafer manufacturer ReneSola has signed a $117 million five-year project loan agreement with China Construction Bank.

"We are pleased to announce that we've secured additional financing for our Sichuan polysilicon manufacturing facility," said Charles Bai, ReneSola's chief financial officer.

"The agreement, combined with previously acquired financing, provides ReneSola with approximately 90% of the capital necessary to fund the project to completion."

SOLA is losing ground gradually.

have SOLA on my screen but have not been following of late .... doesn't look very exciting for sure

yep agree cyners, its gone very flat and didnt expect that under eric obhamma.

Had a flutter long this morning, mainly on oil's resurgent prospects and Obama's potential green bias see how it goes, could be a double bottom or falling knife

SELL SOLA, I guess.

hard to know so prob best left well alone ..... not enough volume, though in some ways that implies southbound

ReneSola warns of Q4 loss - MoneyAM


Chinese solar wafer maker ReneSola Ltd warned it would post a net loss of around $125m-$130m for the fourth quarter, as falling prices forced it to make massive write-downs on its assets.

For the quarter, ReneSola expects to record write-downs of around $130m-$140 against the net realisable value of inventories, it said, blaming falling prices for both its finished solar wafers and feedstock such as polysilicon and scrap silicon.

There was some good news though, as ReneSola said it expected net revenues and production output to come in at or above the high end of its previous guidance for both Q4 2008 and the full year.

It now expects net revenues for Q4 to range $157m-$159 and production output of around 112 megawatts. For 2009, Renesola expects net revenue to range $650m-$700m and production output to reach 620-670 megawatts.

The competitiveness and popularity of solar energy should rise exponentially as solar generated electricity nears grid parity, said CEO Xianshou Li. Despite recent challenges we remain confident in the mid- to long-term prospects of the industry and believe that ReneSola is well positioned to ride out the storm through our continual focus on cost reduction, prudent expansion in line with market demand, solid cash position and significant pre-sold output for the year.