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

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

.

beginning to look a reasonable bet so to do

Hope to see this bounce off the 200 DMA.

[Interestingly on the Bloomberg site for SOL:US they qoute the short interest on the stock amongst the fundamental data (Short Interest 1,968,297.000). Shame that data isn't generally available for the LSE stocks.]

that would be at 150

Harry, figure from euro clear at end of December.......

VGG7500C1068 RENESOLA LTD DI 104989.59 20026241.63 0.52

0.52% only on loan.

Try previous month now.......

VGG7500C1068 RENESOLA LTD DI 73940.57 19718166.42 0.37

less at 0.37%.

Would have thought these figures would be a lot higher but lost touch with the stock.

cheers.

SELL SOLA. It has been persistently dropping.

I have done. I rode the uptrend & bailed out. Pity I don't short stocks!

Well done, harry.

i wouldn't buy as am disenchanted with this stock, but i see sp is now spot on 150 (200 dma) whence a bounce is not unlikely

Business Financial Newswire
"ReneSola, the Chinese solar wafer manufacturer, will report its results for the fourth quarter and year ended 31st December before the US markets open on Wednesday, 10th March."

JIASHAN, China, Feb. 11 /PRNewswire-Asia-Firstcall/ -- ReneSola Ltd
"ReneSola" today announced that it has signed an OEM agreement to provide 600 megawatts ("MW") of solar modules to a major global solar company over a period of three years.
According to the terms of the contract, ReneSola will provide 200 MW of solar modules annually for three years commencing in 2010.
"Our first major solar module OEM contract reflects the exceptional
value inherent in our cost-competitive solar wafer and solar module OEM
manufacturing platform," said ReneSola's Chief Executive Officer Li
Xianshou. "Our customers are increasingly recognizing the benefits of
including our cost-effective solar solutions as important components in
their production processes. We plan to leverage our module OEM capabilities
to significantly strengthen and expand customer relationships with key
industry players and further increase our solar wafer sales. We believe
this OEM deal underscores our vision to lead the world in solar wafer
production."

For those interested in chart analysis, this from last week's Shares Mag, by Simon Griffin:
"An imminent retest of the top of an ever-narrowing symmetrical triangle shape, support from the 50- day average and the likely posting of a golden cross all suggest shares in the Chinese solar energy play should be bought. Companies such as ReneSola are ideally placed to ride a likely wave of demand for alternative energy sources, since it manufactures the crystals that are central component of photovoltaic solar power panels. Nevertheless the shares have been something of a mixed bag for investors, reflecting the uncertainty that has surrounded the markets shortterm demand for the firms products.

The shares plunged 90% from their 729p high in May 2008 to a low of 76p by March 2009. In doing so they retested the low posted the previous November, producing a double-bottom pattern that then generated a sharp rise to 232p by mid-June. Subsequent price action has ranged in a narrowing pattern to produce a large symmetrical triangle shape with the upper resistance line having seen three distinct tests.

The downward reaction to the most recent of these has failed to break below the 61.8% retracement of its preceding rise from 112p. It has also found support from the 50-day average which is closing on the 200-day and looks set to post a golden cross shortly. I would therefore expect the next assault on the top of the triangle at 180p to be successful, signalling a rise to the derived target of 350p, via 326p and the 38.2% retracement of the fall from 729p. If the shares can overcome 350p, a mark most recently influential as support in July and September of 2008, then a long-term case can be made for further gains toward resistance at 480p.

Only a clean drop below 140p would put the potential for gains into question."

No return for shareholders from this chinese company, at least PVCS pays a dividend.