Renesola raises shipment forecasts


Chinese solar manufacturer ReneSola had some good news for investors and the wider solar industry with a positive update to its trading forecasts.

The recovery in the industry was exemplified by the update from the wafer and module manufacturer which raised shipment forecasts as well as predicting higher revenue and gross margin.

The Zhejiang-based manufacturer is expecting to have shipped 760-770 MW of products from April to June, up from the 700-720 MW previously predicted for the second quarter with modules making up 450-460 MW of that figure, up from a previous 400-420 MW estimate.

Over the same period, revenue is predicted to be around US$365 million-375 million, up from $310 million-330 million with gross margin up to 5-6 per cent from the previous 3-5 per cent estimate.

Those figures mean a lift for the full year predictions too with the company now expecting to ship 2.8-3 GW of modules and wafers in 2013, up from the previous 2.7-2.9 GW with modules accounting for 1.6-1.8 GW, up from 1.4-1.6 GW.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.