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

Business Financial Newswire
"Chinese solar manufacturer ReneSola reported third-quarter revenue ahead of forecast, rising 70.6% from Q2 to $140.9m.

Solar product shipments totalled a record 146.9 megawatts, an increase of 71% from Q2.

The company completed integration of Wuxi Jiacheng Solar Energy Technology following its acquisition in May. Approximately 11 MW of modules were shipped in Q3 with a gross profit margin of over 20%.

Loss for the period was $11.5m, compared to a loss of $2.9m for Q2 2009 and profit before tax of $37.9m for Q3 2008.

The company said increased expenses were partly attributable to the integration of JC Solar.

CFO Charles Bai said, 'We were pleased to see strong improvements in revenues and shipment volumes during the third quarter as we continue to witness strong customer demand and continue to gain market share globally.

'We are one quarter away from completely working through our high cost inventories. As such, we expect substantial margin improvements and a return to profitability in Q1 2010. "

Business Financial Newswire
"Panmure Gordon understands that Chinese and Japanese OEMs are successfully implementing panel price increases of up to 10-15% for H1 2010 due to strong demand in Germany and Italy.

'If this occurs across the board, it could prove positive for solar stocks.'

Reiterates buy and 235p target on ReneSola, which it says should be most sensitive to any pricing upside. 'For PVCS this may alleviate pressure and we upgrade to hold from sell, after a 21% decline over the last six weeks.' "

I don't think it will be this side of Xmas though. Most hedge funds and the like have already packed-up and gone home for Xmas.

On the move. 150p next stop???

Unlikely unless the MM's open it at that level in the next few days which is possible.

There just isn't the volume to push it higher which becomes a self-fulfilling prophecy because everybody takes their profit immediately no matter how small which is why after the initial surge it has now dropped back to 132p.

I nearly bought in at 115p but would certainly have banked my profit by now. Tis a real problem in the market at the moment and will continue to be so until conditions change. Then I would expect this to rocket.

Tiny volume but back up to the 148/155 level, on the back of a 8.8% bounce in the U.S.

Seems only you and me watching this Harry. Interesting, was very tempted at 129p a few days ago but with the huge spread decided against it.

Where do you reckon now?

7245 shares traded so far. That's what worries me.
Based on the U.S. chart, $6 looks to be a tricky resistance level, so that would represent 20% up from today's price. 20% on today's U.K. price would be 180p. That would be my target, perhaps based on thin logic though!

I think I'm happy to sit and watch for the moment and wait for better market conditions.

Up up and away. Alright guys? I got a good feeling about this one. New year should be a stormer!

Finished at 156p, so another step in the right direction.

SOL:US currently up 6%, so hoping for a good SOLA day on tuesday.

Currently 174p. My target 200p.

SOL:US up 11.8% 6th Jan to $5.8.

Business Financial Newswire
"Solar power product specialist ReneSola is not proceeding with its acquisition of Dynamic Green Energy.

ReneSola and Dynamic Green, which operates through its wholly owned subsidiary Jiawei Solarchina and other Chinese operating subsidiaries, announced a share purchase agreement in September.

ReneSola agreed to acquire 100% of Dynamic Green, subject to customary closing conditions.

While the acquisition and share purchase agreement were approved by both companies' boards, the transaction has not been approved by local government agencies where an operating subsidiary of Jiawei is located.

According to the terms of an agreement between Jiawei and the local government, the sale of shares of Dynamic Green requires relevant government approvals.

Both companies agreed the the transaction could be terminated without penalty if Jiawei did not obtain the relevant government approvals by the end of 2009 "

It's had a great rise Harry and I guess to an extent it will go where the market is going. At last PVCS (which I think has no debt and loads of cash) is starting to motor. I hold the latter.

i reckon SOLA is best avoided ..... not only is it chinese, which prejudices me against it anyway, but their latest figures were poor and the above rns hardly inspires confidence

Easy chart to read. What more can you ask for?

well here's a more informative one then! ...... watch for further tumble once 180 is breached

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