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

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.

nowt wrong with just capital growth ..... i think i am right in saying that a great many US companies don't pay divis either, relying on capital growth to provide investor return

cynic so this is one of your favourite chinese shares?

not exactly, though i have certainly made money in the past on one way or another, but that was based on trading its momentum and certainly no deep emotional attachment!

results due 10th March.

and are you buying?

tempted but waching the US for something positive.

assume you mean positively negative - in which case you have called correctly!

slowly creeping up. I wonder if results will knock the sp as 2009 probably wasn't the best year for SOLA.

Another surge upwards. Got out too soon! :o(

JIASHAN, China, 21st April /PRNewswire-Asia-FirstCall/ -- "ReneSola Ltd. today announced that it will report its unaudited financial results for the first quarter ended 31st March, 2010 before the U.S. markets open on Monday, 10th May, 2010."

Business Financial Newswire
"Renesola has returned to profitability during the first quarter with a net profit of $11.8m.

Revenue for Q1 2010 was $206.6m and the Group shipped a record 242.4 megawatts, up 12.6% on the previous quarter.

The Company says it generated strong positive cash flow in Q1 2010 and reduced inventory carrying cost to US$54 per kilogram at the end of Q1 2010 with an average carrying cost of US$60 per kilogram during the quarter.

Renesola says that it significantly improved margins in the first quarter due to lower raw material costs and improved manufacturing efficiencies. Further cost reductions are expected during the year.

CEO Li Xianshou comments: "We had a strong first quarter of 2010, characterized by record solar product shipments and our return to profitability.

" We believe we are well positioned to capitalize on our cost-competitive leadership position and effective end-to-end manufacturing platform.

"In addition, we have recently witnessed strong market demand for wafer products resulting in higher wafer ASPs and we expect such momentum to continue throughout 2010."

StockMarketWire.com
"ReneSola downgraded to sell from neutral at Goldman Sachs"

And China's economy starting to show signs of weakness. sell SOLA at 190p and take profit.

StockMarketWire.com
Solar wafers specialist ReneSola's second quarter net revenues are expected to be in the range of $245m-$255m - exceeding the previous guidance range of $230m-$250m.

Gross profit margin is expected to be in the range of 28%-30%, exceeding the company's previous guidance range of 21-23% and compared to 17.1% in the first quarter.

Chief executive Li Xiansho said: "The strong demand for high-quality wafer products witnessed during the first quarter of 2010 continued through the second quarter as a result of ongoing tightness in the wafer supply chain."

sp 250p moving up ahead of results.

StockMarketWire.com
Solar wafer specialist ReneSola unveils record results with second quarter revenues of $253.9m and net income of $36.1m.

Net revenues were up 22.9% on the previous three months and gross profits rose to $76.6m on margins of 30.2% - up from $35.3m on margins of 17.1% in Q1.

Operating income was $52.5m - up from $21.2m in Q1.

Net income was a record $36.1m, representing basic and diluted earnings per share of $0.21, and basic and diluted earnings per American depositary share of US$0.42.

bodes well for PVCS results out shortly.