Along with its earnings announcement this morning, ReneSola (SOL) also announced the acquisition of JC Solar for RMB 118 million.  JC Solar is an established solar cell and module manufacturer with about 300 employees and annual cell production capacity of 25MW and annual module production capacity of 50MW.  It posted an unaudited net profit of RMB 69 million last year.  The move is a first step towards downstream integration for ReneSola and gets the company … Read the rest