ReneSola Ltd. (SOL) Tops Q2 EPS by 11c

ReneSola Ltd. (NYSE: SOL) reported Q2 EPS of $0.01, $0.11 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $387.1 million versus the consensus estimate of $401.43 million.

Total solar module shipments were 498.7 megawatts ("MW"), compared to 434.1 MW in Q2 2013 and 521.1 MW in Q1 2014. Total solar wafer and module shipments were 698.3 MW, compared to 849.3 MW in Q2 2013 and 710.1 MW in Q1 2014.

For Q3 2014, the Company expects its total solar module shipments to be in the range of 530 MW to 550 MW, and its gross margin to be in the range of 15% to 17%.

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

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