Replies to post #218 on ReneSola Ltd (SOL)

[realfast95]

Crédit Suisse reported on SOL right after earnings and may explain why the PPS retraced. The rating of under perform target is $3 well below the current price.

Estimates and Valuation:
We have raised our 2013 rev/EPS from
$1.4b/($1.18) to $1.4b/($0.72) and 2014 from $1.44b/($0.94) to
$1.5b/($0.07) due to improved margins. Our PT of $3 represents 1.6x tBV