Updates

Renesola - Forecasts downgraded

September 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's days of walking on water came to an abrupt end with Q2 results coming in weaker than expected and sending the shares back to levels last seen in January. The company had already said in July that Q2 output would be 23MW (up from 15.3MW in Q1), slightly behind original expectations due to some modification work it was carrying out on certain furnaces. Sequential revenue was up 37% on the previous quarter to US$45.6m. That wasn't the problem; instead, whilst wafer prices have remained stable, raw material prices have been high which has impacted gross margins, which were 21.1% versus 24.4% in Q1. Overall, operating profit was down 7% to US$7.4m but after non cash expenses of convertible bond accrued interest and foreign exchange ...

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Land of Leather

CBay - Completes acquisition

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 - Increases annual capacity target to 373MW (July 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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