Renesola (SOL) has announced that the first trial run has been completed at its shiny new plant in China’s Sichuan province. This is the first phase of a two phase, 3000 MT annualized capacity plant which uses the Siemens process and a closed loop to produce the polysilicon. Phase 2 is expected to reach mechanical completion in September.
“The launch of our in-house polysilicon manufacturing facility represents another exciting strategic milestone for ReneSola,” commented … Read the rest
ReneSola (SOL) reported an expected EPS loss in the 4th quarter, posting a loss of .05/share on revenues of $158.6 million which was a touch above estimates and 65% over the year ago quarter. The quarter marks the first time in 2 years that the company didn’t post sequential quarterly revenue growth. For the full year 2009, the company expects sales of $650 – 700 million, vs the analyst expectation of $700 million
RenSola … Read the rest
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