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UPDATE: ReneSola Posts Wider Q4 Loss

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ReneSola (NYSE: SOL) posted a wider fourth-quarter loss.

ReneSola posted a loss of $49.8 million, or $0.58 per American depositary share, versus a year-ago loss of $36.7 million, or $0.43 per ADS. However, analysts were expecting a loss of $0.37 per ADS.

Its revenue surged 63% to $306.5 million, versus analysts' estimates of $240 million to $260 million.

Its operating expenses rose to $34 million from $9.3 million.

ReneSola shares closed at $2.14 yesterday.

Posted-In: lossEarnings News

 

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