ReneSola Ltd. (SOL) Tops Q4 EPS by 5c; Issues FY12 Revs Outlook; Guides Shipments

ReneSola Ltd. (NYSE: SOL) reported Q4 EPS of ($0.21), $0.05 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $0 versus the consensus estimate of $148.08 million. Total solar wafer and module shipments in Q4 2011 were 339.9 megawatts (MW), exceeding Company guidance and an increase of 3.5% from 328.5 MW in Q3 2011.

Sees Q1 2012 revenue of $180-$190 million, versus the consensus of $155.52 million.

For Q1 2012, the Company expects total solar wafer and module shipments to be in the range of 400 MW to 420 MW. For the full year 2012, the Company expects total solar wafer and module shipments to be in the range of 1.8 GW to 2.0 GW.

For earnings history and earnings-related data on ReneSola Ltd. (SOL) click here.

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