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ReneSola: 3Q Earnings Snapshot

November 25, 2019

SHANGHAI (AP) _ ReneSola Ltd. (SOL) on Monday reported profit of $2.4 million in its third quarter.

The Shanghai-based company said it had profit of 6 cents per share. Earnings, adjusted for asset impairment costs, were 17 cents per share.

The solar energy company posted revenue of $66 million in the period.

For the current quarter ending in December, ReneSola said it expects revenue in the range of $45 million to $50 million.

The company expects full-year revenue in the range of $130 million to $140 million.

The company’s shares closed at $1.55. A year ago, they were trading at $1.50.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SOL at https://www.zacks.com/ap/SOL