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

Try the other side-they are giving more details.A**N

found the synopsis of the note here!

"LONDON (AFX) - Shares in ReneSola PLC were sharply higher again today after Merrill Lynch initiated coverage on the company with a 'buy' recommendation and 800 pence target, dealers said.

By 11.45 am, ReneSola shares were up a further 44-1/2 pence at 438-1/2, after leaping over 36 pct yesterday.

In a 29 page research note, Merrill argued that while ReneSola is a small cap stock with a relatively short operating history, it believes the group's modest risk profile and compelling valuation make it one of the 'most attractive picks in the global solar sector at this time.'

The broker pointed out that although China is already the world's third largest global solar cell and module producer, it is conspicuously light in polysilicon production and relatively light in ingot and wafer production as well.

Merrill said it feels this presents a unique growth opportunity for ReneSola, which is focused exclusively on solar ingot and wafer production in China.

newsdesk@afxnews.com"

Thanks Cynic.

bit the bullet too ..... just bought back more than i started with at 453 ...... oh dear; sort of cost me 1k, but in practice not really so

this is getting silly! ..... already back in the money ..... Amis had better get on board big time, or could be egg on face for us all!!

"RENESOLA LTD

STATEMENT RE. SHARE PRICE MOVEMENT

The Directors of ReneSola Ltd (the "Company") note the recent increase in the
Company's share price.

On 30 September 2006, ReneSola released a trading update which provided details
of the Company's revised capacity expansion plan. During this week, the Company
is undertaking a non-deal roadshow in the US meeting with institutional
investors. In addition, the Directors are aware that an initiating coverage
research report has been released on the Company today by a major investment
bank.

The Company is not aware of any other reason for the increase in the share
price."


and on the back of that rns, sp promptly dropped 30p ..... perhaps an indication of the underlying fragility of the share in general

fragility..what are you on dude? this is a re-rating. nothing fragile about. retracement maybe but thats not a sign of weakness, just normal oscillation

f18

just remain very aware that the sp of any share will often or even usually over-react quite severely with the announcement of either good or disappointing news ..... SOLA has gone stratospheric within the last 10 days, and it is therefore very difficult to make a logical, objective and unemotional assessment

Fantastic news! good of the company to issue that statement about the SP, though - shows they are thinking about their investors.

Thanks very much pma68, Moneyplus and Cynic for posting the news updates!

5.1 million traded so far today - I would love to know where the MMs are getting all the stock . . .

from sellers you chump! .... lol

LOL - and here's me thinking they had them physically delivered in the night by the Tooth Fairy!! :o)

always reckoned you were pretty naive!
anyway, tooth fairy has certainly delivered some toothsome profits

Aye, the Tooth Fairy's great. Better-looking than Santa Claus, too.

on a more serious note ....... interesting to see that sales outnumbered buys about 3:2, yet sp is still +62 having been 10/15 higher during the day

No doubt hyleo will be along again in a minute claiming that the overwhelming majority of trades were sells as in 5:1 like yesterday !!!

Cynic , the trades shown on here are only indications and are not set in stone , in a fast moving share then many trades often get reported in the wrong column especially delayed trades.

i totally agree, but nevertheless the trend will be pretty accurate

And the trend is up suggesting buyers have the upper hand not sellers.

Dil, I am not here to argue with u but I guess you are right with Renesola as Merrill Lynch has recommended it a BUY today with a target of 800p. Merrill Lynch has considered it undervalued to similar US companies.

No probs hyleo , just pointing out that where it may have appeared as a 5:1 sell ratio a couple of days ago this was highly unlikely given the price action.