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

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

Huge solar projects on the way.....

http://seekingalpha.com/article/142617-china-becomes-global-green-leader-with-massive-solar-projects?source=reuters

Recentish article on sola....

http://www.schaeffersresearch.com/commentary/optionbytes.aspx?single=true&byteid=93383

BRIEF-Goldman downgrades Centrosolar, ups Solon
12 Jun 2009 - 08:04

June 12 (Reuters) - * Goldman Sachs cuts Centrosolar to sell from neutral * Goldman Sachs raises Solon to neutral from sell * Goldman Sachs cuts Solar Fabrik -price target to 4.4 EUR from 5 EUR * Goldman Sachs cuts Sunways price target to 2.5 EUR from 3.2 EUR * Goldman Sachs cuts Q Cells -price target to 21 EUR from 24 EUR * Goldman Sachs raises ReneSola price target to 215P from 160P * Goldman Sachs cuts Renewable Energy Corp price target to 80 nok from

95 nok * Goldman Sachs cuts Solarworld price target 25 EUR from 27 EUR * Goldman Sachs raises Meyer Burger price target to 225 SFR from 215

SFR

((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))

shutting the stable door springs to mind ..

Sell SOLA at 200p I would say.

Down to what level, hlyeo? 160p?

always depending on the markets of course, but 200 dma at +/-170 should provide some support

Agree with u, Harrycat at 160p in the first instance, if support breaks then it is 120p.

I suspect it will depend on crude and markets generally.

Amazing performance against the Dow trend last night actually closing blue.

I suspect the shorters will still be holding their positions.

I doubt that HARRY

Hmmm.... You are probably right & that is why I don't spread bet!

180p & the shorters still riding the graph down presumably?

It is a good short now, Harrycat.

Shorted SOLA from 205p, now 166p... more downward direction on the graph.

would be inclined to set a tight stop loss as a bounce from this (support) level is far from impossible