UPDATE: ReneSola Posts Wider Q4 Loss
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.
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