Updates

Renesola - Barnstorming progress and further upgrades

September 2008

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.

The shares woke up with a vengeance after Renesola announced Q2 results, which were boosted by a 24% increase in production output as well as an increase in gross margins.Production output for Q2 at 82.5MW comfortably exceeded management expectations of 75MW for the quarter and better selling prices gave rise to revenues up 41% to US$173m. Pretax profit increased 32% to US$23.3m and eps was 20 cents.The gross margin has improved to 24.7% from 22.1% as selling prices for wafers have risen and there have been improvements in wafer slicing, which has reduced the average silicon required for each wafer. Renesola said it has sharply lifted its R&D spend to US$3.5m in Q2 versus US$0.4m in Q1, principally in relation to develo ...

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Haike

BATM - Shares surge to a new high

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

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 - 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)

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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