Tag Archives: coo

ReneSola (SOL) Shares Plunge Premarket After Beating Estimates But Issuing Weak Revs Outlook; COO Resignation

Shares of ReneSola (SOL) are off nearly 15% in premarket trading after the company reported an EPS for the 3rd quarter of .46/share, which topped estimates of .36/share but the company sees FY08 revs of $640 to 670 vs estimates of $698.  In addition, the COO resigned effective Nov 1 to pursue other interests.

“Looking ahead, we are confident the current challenges in the industry are temporary and that the mid- to long-term prospects remain … Read the rest