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

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.

fyi, First Solar who are/were the leader in USA have been absolutely hammered of late on a profit warning .... would be surprised if SOLA fare any better and certainly would not be a buyer

On a day when PVCS reports good figures, 3.7p final dividend (4 eurocents) and drops, SOLA rockets !.....will I ever understand this market !!!?.

Sola rockets on Chines Govt subsidy announcement yesterday.

All Chinese based solar related stocks surged 40% plus yesterday.
Sol was one of them and recorded even hiher after market moves.

i am reluctant to dust this one down, but it's worth looking at FSLR on Dow ..... in March, FLSR were down to about $85 but have now rocketed to $185+ on the back of some very good contracts

Now 177p !!! maybe the good ol' days coming back for this very tradeable stock.

Harrycat - where do you see this going from there it appears it broken out of the resistance level.

No idea really. Way back in 2006/7 we (the posters on this thread) used to trade this stock using the DMA's as our guide. There are numerous posts with opinions on chinese accounting methods and the dubious valuations being put forward, so the trick was to trade the stock and ignore the company fundamentals. Lots of people were happy to go long or short depending on the chart, so hopefully the volatility will repeat itself. I, for one, will not being buying & holding long term.

i rather agree with harry ..... form a chart perspective, the important indicator is that sp seems to have broken 200 dma with some impetus ..... assuming there is no reaction tomorrow (monday) a little flutter could be worthwhile

sp seems to have broken 200 dma with some impetus -

Please could you post chart ?

what do you think you see above????

Still going up. Must be worth a punt!
It's worth watching the U.S. chart as the two usually mirror each other (SOL:US).

Interesting research note here.....

http://www.schaeffersresearch.com/commentary/content/call+traders+look+east+to+ldk+solar+co+renesola+ltd+and+china+mobile+ltd+/observations.aspx?ID=93439

http://www.guardian.co.uk/world/2009/jun/09/china-green-energy-solar-wind

236-240p currently. I had 240p as the first resistance level. After that 280p??? Huge trading potential.

One thats slipped the net NOMURA with a new BUY rating......

ReneSola Ltd

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Nomura Code
08-06-09 BUY -35.48 -21.24 -21.24 -2.50

Edison Investment Research
24-04-09 None 75.73 33.15 72.40 39.45

Hanson Westhouse [R]
19-11-08 None 74.55 34.90

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus -21.24 -2.50 0.00

1 Month Change -68.64 -28.18 0.00
3 Month Change -81.52 -32.91 0.00


GROWTH
2008 (A) 2010 (E) 2011 (E)

Norm. EPS % % %
DPS % % %

INVESTMENT RATIOS

2008 (A) 2010 (E) 2011 (E)

EBITDA m 11.37m 93.19m

EBIT m -10.56m 67.52m

Dividend Yield 0.00% % %

Dividend Cover x x x

PER -7.89x -89.60x 7.17x

PEG f f f

Net Asset Value PS p p p