ReneSola Ltd. (NYSE:SOL) unveils on Friday that its Q1 2012 results, the firm clocked adjusted loss per Alliance Data Systems Corporation (NYSE:ADS) of 47 cents a share, missing the Zacks Consensus Estimate of 30 cents of loss a ADS. Numbers, though, were way at the back than the year-before quarterly earnings of 49 cents a share.
In the reported quarter, ReneSola’s revenues of $211.5 million tumbled 41.1 percent from $359.2 million in the year-before quarter and increased 12.7 percent from $187.7 million in the sequentially previous quarter.
Turning towards the investors who viewing CTAS against JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) edged up +2.36%, LDK Solar Co., Ltd (ADR) (NYSE:LDK) rose +10.73%, Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) grew +2.32%, Trina Solar Limited (ADR) (NYSE:TSL) advanced +0.97%, First Solar, Inc. (NASDAQ:FSLR) which also increased +0.31% and Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) surged +0.78%.
ReneSola Ltd. (ADR) (NYSE:SOL) stock in last session held volume of 855,323.00 shares as compare to its average volume of 801,916.00 shares. The stock after opening at $1.87 hit high price of $1.97 and then closed at $1.85 by scoring +3.35%.
As the revenue measures SOL generated revenue of 985.28 million in the following twelve months income of $0.33 million. The Company showed a positive 0.03% in the net profit margin and in addition to in its operating margin which remained 3.42%. Company’s annual sales growth for the past five year was 63.48%.
The stock showed weekly upbeat performance of 2.78% which was maintained for the month at -2.12%. Likewise the negative performance for the quarter was recorded as -37.50% and for the year was -77.79% while the YTD performance remained at 20.92%.
The SOL past twelve months price to sales ratio was 0.16 and price to cash ratio remained 0.42. As far as the returns are concern, the SOL return on equity was recorded as 0.06% and increased 0.04% return on investment while its return on asset stayed at 0.02%.
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