UPDATE: ReneSola Posts Q4 Profit

ReneSola

posted a profit in the fourth quarter. ReneSola expects 2014 module shipments of 2.3 to 2.5 gigawatts (GW). ReneSola posted its quarterly net profit of $800,000, or $0.01 per American depositary share (ADS), versus a year-ago loss of $88.9 million, or $1.03 per ADS. Its revenue climbed around 43% to $438.8 million. ReneSola shares gained 2.06% to $3.95 at 9:50 a.m. ET.