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

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.

good rise today 300p in sight.

true, and today held above recent high, though still miles and miles short of all time ..... however, as well publicised, i am more than a little wary of chinese stocks

cynic they seem to have an american fan club.

momentum indicates buy for sure, even though results are already out of the way

Not quite what you had in mind cynic. lol
Down 10% today!

Once support broken tomorrow, it's a SELL.

DD - seemingly so, but most things yesterday other than shorts were pretty vile

Up 7% at 276p when most other stocks taking a hit.

308p. A little curious that PVCS isn't tracking this.

368p & still rising!

Surging ahead both here & the US. 52 wk low in the US $3.5, now passed the $12 level.