Updates

Renesola - Increases annual capacity target to 373MW

July 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

As foreshadowed in the May Sharewatch, Renesola has woken up its shares with an upgrade to planned 2007 production capacity, raising its annualised target to 373MW from 265MW. The company has decided to increase the 2007 year end monocrystalline capacity from 165MW to 213MW and lifted its planned 100MW upgrade of multicrystalline capacity to 160MW by the year end. Q1 results, announced during the month, were in line with expectations. Based on production output of 15.3MW, sales were US$36.6m and net profit was US$6.4m. These were a tad under forecasts due to the strengthening of the Chinese Renminbi and also increasing raw material prices. Broker Ambrian forecasts quarterly output for the next three quarters as follows ...

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Renesola - Barnstorming progress and further upgrades (September 2008)

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Renesola - Shares up 50% on the month (January 2008)

Rensola (October 2007)

Renesola - Forecasts downgraded (September 2007)

Renesola - Likely to pull another rabbit out of the hat (May 2007)

Renesola - US$120m bond placing (April 2007)

Renesola - Expands wafer cutting capability (March 2007)

Renesola - Brokers set £8-£9 year end targets (January 2007)

Renesola - Yet another profit upgrade (December 2006)

Renesola - Forecasts upgraded again (November 2006)

Renesola (October 2006)

Renesola - Explosive quarter-on-quarter growth (September 2006)

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