RENESOLA startet

der Chinasolaris in $

Name/MK /Ums. 2014 (e)/ KUV

JKS/ 680 Mio / 1,60 B / 0,42

Tsl/ 919 Mio/ 2,40 B / 0,38

CSIQ / 1,34 B / 2,80 B / 0,48

YaSo / 443 Mio / 1,70 B/ 0,26

YGE / 522 Mio/ 2,60 B/ 0,20

SOL / 275 Mio/ 1,90 B / 0,145


Zahlen aus yahoo auf Basis der dortigen Analystenschätzungen. Erstaunlich, dass Yingli  auf KUV Basis immer noch höher bewertet ist, als Renesola. Aber vielleicht wird sich das nun nach den Zahlen ändern.  

- für meine Verhältnisse hoch investiert - drin. so schlecht wird renesola hoffentlich schon nicht gewirtschaftet haben, dass morgen die grosse enttäuschung ausbricht.  

 

Hast du denn us Aktien oder auch nur die dt. So dass dir morgen bei einer Horror Nachricht die Hände gebunden sind?  

Morgen ist ganz normaler Börsenhandel in Deutschland, zumindest laut
offiziellem Börsenkalender 2014.


https://www.scalp-trading.com/boersenfeiertage-2014/



mc

sieht es nicht nach einer großen Überraschung im negativen Sinne aus.
Die after-hour quotes aus New York sehen mit $2.83 sogar sehr gut aus, auch wenn das Volumen natürlich klein ist.
http://www.nasdaq.com/symbol/sol/after-hours

Allen viel Erfolg.
 

liegen im Schnitt bei 425 Mio Umsatz und ca. 8 Cent Verlust.

Inkl. dem Verkauf des Kraftwerks, der noch in das 1.Q. gefallen sein müsste, dürften die Zahlen jedoch bei 480 -490 Mio Umsatz und einem leichten Gewinn liegen, da der Kraftwerksverkauf die Gesamtmarge etwas anhebt.
Davon wird es abhängen, ob Sol positiv überrascht.

Die Unbekannte ist, inwieweit die Zollgeschichte die künftigen Margen beeinflußt. Aber das Problem haben die anderen genauso.
Ich gehe davon aus, dass die Verschiebung der US Zollentscheidung darauf schließen lässt, dass man in konkreten Verhandlungen ist und eine Lösung ähnlich der EU findet. Aber das ist Spekulation.
Größere Währungsverluste a la JKS sind nicht zu erwarten.
Trotzdem hat der heutige Kursverlauf geziegt, dass die Amis eher auf der sicheren Seite sein wollen.
Da Chancen für eine positive Überraschung stehen nach meinem Dafürhalten ganz gut.

 

....kommen heute laut HP um 8.00 a.m.  

So ich bin auch gespannt und hoffe Fortuna ist uns etwas hold. Ich mag generell solche unberechenbaren Situationen nicht aber ist diesmal eben ne Spekulation ob der Turnaround bereits sich im Q114 abzeichnet oder eben doch erst Ende 2014. Drücke uns allen die Daumen. Bin aber mit einer kleineren Posi dabei, das ist unter Risikogesichtspunkt gesünder :-).  

gibt es daneben noch.

So z.B. ob die hauseigene Polyproduktion endlich läuft. Daraus könnten sich Kosteneinsparungen ab dem 2.Q. ergeben.
Theoretisch wäre es auch möglich, dass man Rückstellungen für den Fall einer Klage gebildet hat. Aber das ist nicht sehr wahrscheinlich.

Eine mögliche Strategie heute könnte z.B. ein stop buy sein. Für den Fall, dass es ordentlich nach oben geht...............  

Ich hoffe auch das hier nach den Zahlen hoch geht !!!
Wann kommen die eigentlich ???  

http://www.marketwatch.com/story/...s-2014-05-29?reflink=MW_news_stmp  

 

schlichtweg eine Enttäuschung..................  

Hatte da wirklich mit mehr gerechnet und auf eine Erholung in meinem Depot gehofft. Jetzt habe ich sie erstmal entsorgt. Hat mich jetzt schon zu oft enttäuscht und zu viel Geld gekostet.  

Ich habe etwas ganz anderes erwartet...
Jetzt weiß ich auch warum es hier stetig runter geht und so viele Verkäufer am Markt sind...

ReneSola Ltd. Announces First Quarter 2014 Results
12:05 29.05.14

PR Newswire

JIASHAN, China, May 29, 2014


JIASHAN, China, May 29, 2014 /PRNewswire/ -- ReneSola Ltd. ("ReneSola" or the "Company") (www.renesola.com) (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced its unaudited financial results for the first quarter ended March 31, 2014.

CNTU030

Financial and Operational Highlights
•In Q1, total solar module shipments were 521.1 megawatts ("MW"), compared to 505.3 MW in Q4 of 2013. Total solar wafer and module shipments in Q1 were 710.1 MW, compared to 784.1 MW in Q4.
•Net revenues were US$415.0 million, compared to US$438.8 million in Q4 2013.
•Gross profit was US$44.0 million with a gross margin of 10.6%, compared to gross profit of US$49.7 million with a gross margin of 11.3% in Q4 2013.*
•Operating loss was US$8.7 million with an operating margin of negative 2.1%, compared to operating income of US$8.8 million with an operating margin of 2.0% in Q4 2013.
•Net loss attributable to holders of ordinary shares was US$14.6 million, representing basic and diluted loss per share of US$0.07 and basic and diluted loss per American depositary share ("ADS") of US$0.14.
•Cash and cash equivalents plus restricted cash totaled $214.9 million as of the end of Q1 2014, compared to US$348.9 million as of the end of Q4 2013.
•Net cash outflow from operating activities was US$112.3 million compared to net cash outflow from operating activities of US$30.8 million in Q4 2013.


"Our OEM strategy continues to be the backbone of our worldwide sales and distribution efforts," said Mr. Xianshou Li, ReneSola's chief executive officer. "ReneSola's overseas OEM module capacity now exceeds 1.1GW, with a total of 11 facilities in Europe, Africa, South Asia, and the Asia-Pacific region, and allows us to grow our business with minimal capital expenditure requirements. While we recognize the regulatory uncertainty regarding trade frictions across a number of major solar markets, including the United States and possibly India and Australia, we continue to be well positioned compared to our peers with our OEM facilities around the world, and will look for opportunities to gain market share from resulting market changes. Potential higher ASPs in those markets served by our OEM capacity will also help our profitability. Our OEM manufacturing network continues to play a key role in our business model in becoming a global brand and technology provider with sales channels spread across multiple continents. Additionally, we continue to grow our sales and distribution network worldwide with 22 offices and 37 warehouses. Furthermore, our ever-growing local sales teams provide us with greater adaptability in dealing with changing market conditions and meeting client needs as they emerge.

"We are gradually switching our focus from big-scale utility projects to small-scale projects, specifically commercial and residential rooftop projects. We are seeing stronger and more sustainable growth in these retail markets across different continents and are able to sell at a higher price to such smaller projects. With our brand recognition, local warehouses and on-site technical support, we are providing retail customers with integrated solar services and solutions, which not only allows us to charge a premium but also puts us on the path to becoming a stronger brand and higher-profile technology provider in the industry. We expect that by the end of this year, retail market sales will account for nearly half of our module shipments.

One of our key Q1 highlights was a tremendous sales pick-up in Japan. We expect sales volume to continue through the rest of this year, providing another example of our strong sales and marketing capabilities across international markets. Also, our polysilicon factory, after a brief period of maintenance, has been back to full production since the end of March, and we expect it will contribute positively to our overall profitability from Q2 onward.

"We have made module production cost reduction one of our priorities for 2014, and we have a detailed plan in place that we will implement gradually throughout the year. We expect the cost reduction to come primarily from our in-house polysilicon supply, increased production efficiency, and more efficient sourcing of other materials. We are aiming to be a cost-leading module supplier in the industry, while maintaining the same high level of product quality that the market has come to expect from ReneSola."


The sequential increase in solar module shipments was mainly the result of the Company's increased sales in Japan. The sequential decline in solar wafer shipments was consistent with the Company's ongoing shift toward using its wafers for internal module production rather than external sales.

Revenues decreased quarter-over-quarter as a result of decreased wafer shipments. The sequential decrease in the Company's gross margin was impacted by a temporary suspension of operations for the purposes of maintenance and improvement at the Company's Sichuan factory in Q1 2014.


The sequential increase in operating expenses was primarily due to a reversal of accrued expenses in Q4 2013, as well as higher shipping costs due to increased overseas shipments and a provision of accounts receivable in Q1 2014.

Foreign Exchange Gain

The Company had a foreign exchange gain of US$1.48 million and recognized a US$1.38 million loss on derivatives in Q1 2014.

Change in Fair Value of Warrant Derivative Liabilities

The Company recognized a gain from a change in fair value of warrant derivative liabilities of US$1.05 million in Q1 2014, primarily due to the decrease in the Company's stock price.


Liquidity and Capital Resources

Net cash outflow from operating activities was US$112.3 million in Q1 2014, mainly to pay off accounts payable, compared to net cash outflow of US$30.8 million in Q4 2013.

Net cash and cash equivalents plus restricted cash were US$214.9 million as of March 31, 2014, compared to US$348.9 million as of December 31, 2013.

Total debt was US$723.9 million as of March 31, 2014, compared to US$742.6 million as of December 31, 2013, excluding US$111.6 million of convertible notes due March 15, 2018, unless repurchased or converted at an earlier date. Short-term borrowings were US$653.3 million as of March 31, 2014, compared to US$673.1 million as of December 31, 2013.

Polysilicon Update

The total output of polysilicon in Q1 was 175 metric tons, compared to an output of 1,768 metric tons in Q4 2013 and nil in the year-ago period. Operations of the Company's Sichuan polysilicon plant were temporarily halted in Q1 for maintenance and technical improvements, which negatively impacted the Company's Q1 net income and gross margin. Full operations of the plant resumed in late March and are currently at 100% capacity. With the recent rise and overall stability in polysilicon prices, and further production cost reduction coming from seasonally lower electricity price, the Company expects to benefit from its in-house polysilicon production capabilities going forward.

Business Highlights


The Company's module shipments to Japan grew substantially in Q1 2014, and are expected to at least maintain the current level through the rest of this year. The Japan market, along with strong sales in the UK market, made up for seasonally low shipments to other markets in Q1 2014.

Research and Development

During Q1, ReneSola continued to invest in research and development regarding the Company's new and existing products.

Wafers and Modules

The Company expects to start manufacturing its A+++ wafer 100% in June. The A+++ wafer has a conversion efficiency rate of 17.8%.

The Company has begun optimizing the module structure, while ensuring its carrying capacity and reliability. Such structural improvement will help reduce packing and transportation costs going forward.

The Company's glass-glass module is now in the certification process. With a differentiated design, the glass-glass module is expected to enjoy a cost advantage and a higher ready-for-sale product rate.

Inverter

The Company's second-generation micro-inverter, Micro-Replus II, has received ETL certification in the United States and is currently undergoing pilot-scale experimentation.

The Company has launched its second-generation string inverter in Australia, ranging from 3KW to 5KW in power output, featuring higher efficiency, lighter weight and longer working life. The Company's 18KW and 20KW string inverters have achieved BDEW certification in Germany. The Company has also launched new string inverter products in India and South Africa.

Energy Storage Systems

The Company has launched its off-grid, all-in-one storage system product, which incorporates a controller, MPPT battery charger, inverter and fast power switch in one system, supporting both acid and lithium batteries. It has also introduced lithium battery packs, and will provide customized products ranging from 10AH to 500AH and 12V to 360V power requirements.

Mounting Systems

The Company has completed the research and development phase of its 30-degree tripod system and the product is now in trial production and awaiting patent approval. The Company has also completed research and development regarding AE Clamp Group products, which can hold in position solar panels with a thickness ranging from 35mm to 50mm. The program is also in trial production and awaiting patent approval.

LED

The Company currently has 600 models of LED products and has obtained 125 UL certificates for North America, 118 CUL certificates for Canada, 150 TUV-CE certificates for the EU, 203 TUV-CB certificates for IECEE member countries, and four SAA & RCM certificates for Australia. The Company expects to obtain additional certification for its various LED products across these regions, as well as certification for other markets like Japan, Russia and Mexico. The certification process is expected to be completed by June 2014.



Recent Business Developments
•In May, ReneSola appointed Jason Wu as the Company's vice president of marketing to oversee the Company's global marketing, new product management, and brand enhancement.
•In May, the Company announced a deal to provide 1.6MW in solar modules and 1MW in mounting systems to Consolidated Energy & Economic Engineering Co. to power a series of residential and commercial rooftop projects in the country of Jordan.
•In April, ReneSola announced the appointment of Mr. Daniel Lee as the Company's new chief financial officer.
•In April, the Company announced it had completed the sale of three utility-scale projects in Western China, with a total capacity of 60MW, to Jiangsu Akcome Solar Science & Technology Co., Ltd.
•In April, the Company announced it had been awarded a "TOP BRAND PV" seal in the union of states of Belgium, the Netherlands, and Luxembourg ("Benelux") by EuPD Research, the leading market intelligence company in the sustainable business sector and an independent brand management appraiser of module manufacturers in Germany, Italy, the United Kingdom, Benelux, and France.
•In March, the Company announced it had been included as a respondent in the United States Department of Commerce's anti-dumping investigation regarding certain crystalline silicon photovoltaic products from China (DOC Case No. A-570-010). A preliminary ruling is expected in June of this year.
•In March, ReneSola announced it will deliver 66 Replus string inverters, 100 Micro Replus micro inverters, and 2,000 ReneSola 240W and 260W Virtus II modules to Enlightened Solar to be installed at residential housing developments in southeastern England.
•In March, ReneSola announced it had delivered approximately 45,900 of its high-efficiency modules to the Photovoltaic Plant of Ferrara Aranova project, a 11.7MW ground-mounted solar project in Italy developed by Tozzi Sud S.p.A., an Italian designer, manufacturer, and installer of power plants.
•In March, ReneSola announced it will begin manufacturing its Virtus II modules in Japan through a joint venture, Vitec Global Solar, in partnership with Vitec Co., Ltd., a Japanese trading company that specializes in the sale of semiconductor and electrical products.
•In February, ReneSola announced it had opened a new office in Lyon, France. The office will provide regional sales and customer support services.
•In February, ReneSola announced it is supplying 13MW of its high-efficiency Virtus and Virtus II polycrystalline solar modules to Low Carbon, a UK-based investor in renewable energy developers and projects. The modules will power a ground-mounted project on 63.5 acres of land in Wiltshire, England.
•In February, ReneSola announced that it had provided 10,000 of its high efficiency solar PV modules to Chevron Energy Solutions, one of the largest installers of solar power in the United States, for a 3.1MW multi-site project in Lemoore, California. The multi-array project will consist of 2.85MW of ReneSola's 72-cell 300W polycrystalline modules and 260KW of 260W monocrystalline modules.
•In February, ReneSola announced the formal launch of ReneSola Panama Inc., the Company's first branch office in Latin America. The office will be responsible for sales and marketing efforts across Latin America and the Caribbean region.
•In January, ReneSola announced an agreement to provide Isolux Corsan, a global benchmark in the areas of concessions, energy, construction and industrial services and a leader in engineering, procurement and construction projects for solar PV plants, with 57 megawatts of Virtus PV modules for installation in three commercial PV projects in the United Kingdom.
•In January, ReneSola announced the formal launch of ReneSola South Africa (Pty) Ltd. in Cape Town. The office will be responsible for sales and marketing efforts across Africa and South Africa.
•In January, ReneSola announced it provided Isolux Corsan Servicios, S.A., a global benchmark in the areas of concessions, energy, construction and industrial services and a leader in engineering, procurement and construction projects for solar PV plants, with 31.7 MW of Virtus PV modules for a commercial PV project in the United Kingdom.
•In January, ReneSola marked a year of projects that cumulatively utilize over 50MW of solar power across several sites in North Carolina and that are powered by ReneSola's high-efficiency 300W 72-cell polycrystalline solar modules.
•In January, ReneSola announced it had been awarded a contract to supply 420MW of solar panels to a leading solar project developer based in Japan. ReneSola's Virtus II 300W 72-cell high-efficiency polycrystalline PV panels will be installed in over ten ground-mounted power plants in the mountain regions of Japan, and will provide power to the surrounding residential homes.
 

wo der Kraftwerksverkauf ist? Immerhin 60 Mio, der offenbar nicht im Umsatz enthalten ist?

Dann der Anstieg der operat. Kosten gg. Q4 von 40,9 auf 52,8 Mio. im Q1. Geht gar nicht.
Einhergehend mit einem weiteren Abschmelzen der liquid. Mittel....

Die haben ihre Hausaufgaben nicht gemacht.

Einzig der Ausblick liest sich ganz gut............  

noch gesagt, die operat. Kosten liegen im Gesamtjahr bei ca. 10 % des Umsatzes!

Da war doch das 1.Q. fast schon vorbei. Das sind keine 10%...........  

in China? Kann man echt alle vergessen! Wird auch mal wieder Zeit für einen richtig roten Tag... :-(
 

...was jetzt da sooo schlecht sein soll. halt leider keine positive Überraschung jetzt, und auf die hatte der markt anscheinend gesetzt, aber doch auch keine horrorshow, oder überlese ich was ? vergleicht mal Q1-13 mit den aktuellen zahlen ...  

ich auch sagen.  

wohl schwächer als von Analysten erwartet, aber viele der einzelnen Kennzahlen doch viel besser aus als im selben Zeitraum des letzten Jahres. Ich würde sol jetzt deshalb nicht komplett abschreiben.  

Ich schliesse mich da an...keine Katastrophe!
Man man man verkaufen oder halten...  

-11% zur Zeit. Also wieder super billig rein... ;-)  

Es sind insgesamt hier und drüben nicht mal 100.000 Stück gehandelt.
Also noch keine Aussagekraft...
aber gar keine Ahnung was passieren wird.