"Through its short history, ReneSola regularly adapted to changing market dynamics. The company is aggressively ramping up its polysilicon and solar wafer production capacities.
Going forward, increased captive generation of polysilicon will improve its cost structure and enable wafer capacity expansions. Globally, rising solar wafer sales, along with escalating crude and long-term supply agreements, should collectively generate … Read the rest
According to Street Insider, Piper Jaffray reiterated their Buy rating on ReneSola (SOL) and revised the price target from 40 to 35 but raised their Q2 EPS from .33 to .37 and FY08 from 1.37 to 1.50 and FY09 from 2.20 to 2.42
Piper said "Based on recent meetings/discussions with the company management, we believe that we should see upside to our prior and consensus Q2 estimates on modestly higher ASPs, continued yield improvements, … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal