Updates

Renesola - Likely to pull another rabbit out of the hat

May 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.

Renesola described 2006 as a "year of outstanding progress." And so it was, with the company in only its second year of existence, generating revenues of US$87.6m and a pretax profit of US$22.8m. Earnings per share were 24 cents. Renesola is now one of the largest suppliers of crystalline solar wafers worldwide, with an estimated 5% market share (estimated to grow to 12% this year). At the end of 2006, annualised production capacity grew to 80MW provided by 90 monocrystalline furnaces and should more than triple by December to 265MW. To that end, Renesola has installed 48 new monocrystalline furnaces in March and 48 more will be in trial production this month. When we spoke to Charles Bai during the month he i ...

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Revenue Assurance Services

AssetCo - 20-year fire and rescue contracts

Renesola - Poorer visibility for the next six months (January 2009)

Renesola - Barnstorming progress and further upgrades (September 2008)

Renesola - Yanks buy aggressively following plans to raise output to one giga watt (June 2008)

Renesola - Gains 127p on the month (May 2008)

Renesola - FY09 forecast drops PE to 6 (April 2008)

Renesola (February 2008)

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

Rensola (October 2007)

Renesola - Forecasts downgraded (September 2007)

Renesola - Increases annual capacity target to 373MW (July 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)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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