ReneSola Ltd (SOL)

[realfast95]

SOL 4.77 - solar to watch.
the earnings transcript

http://seekingalpha.com/article/1666572-renesola-management-discusses-q2-2013-results-earnings-call-transcript?source=yahoo

module ASP increasing to $0.63 per watt in the second quarter.

upward trends of module ASP and expect to see prices of $0.66 and $0.68 per watt in Q3 and Q4, respectively.

Gross margin for the second quarter was 7.3% compared to gross margin of negative 2% in the first quarter

Operating expenses represented 11.7% of total revenues in the third quarter of 2013 compared to 9.8% in the first quarter.

Operating margin for the second quarter of 2013 was negative 4.4% compared to an operating margin of negative 11.8% in the first quarter.

And gross margin is expected to be in the range of 7% to 9%.

modules, we have our in-house total cost of $0.52 to $0.53

we have sold out throughout this year. The customer have to wait for next year to get our products. We are selling next year's capacity right now.


analyst from
Crédit Suisse
Citigroup
Roth