詠竹坊

ReneSola Encounters Headwinds but Looks Better Positioned Than Most

Solar farm builder reports 85% revenue plunge and first-quarter loss, but sees situation improving through the year

This article only represents the author's own views.

Its inclusion in a couple of solar promotion programs powered solar farm builder ReneSola Ltd. (SOL.US) to a market-beating performance on Tuesday, defying a bigger selloff that saw the S&P 500 index drop into bear territory. Despite that market-defying performance, ReneSola itself is also a bear based on its performance this year, losing about a quarter of its value since January, including a 12% decline in the four days since announcing its latest quarterly results.

For the record, a stock or broader index is defined as entering bear territory when it drops by 20% or more from a recent high.

您已閱讀10%(651字),剩餘90%(5577字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。
設置字型大小×
最小
較小
默認
較大
最大
分享×