Tuesday, August 19, 2008

ReneSola Q2 net quadruples on strong demand (SOL)

One guess as to which way the stock went.
(it did have a nice run-up over the last few days [15 to 19])
From Reuters:
ReneSola Ltd (SOL.N: Quote), a Chinese maker of solar wafers, quadrupled its second-quarter net income from a year ago, helped by a rising number of customers and strong demand, the company reported on Tuesday.

Net income jumped to $23.3 million in the quarter to the end of June from $5.9 million a year ago, with diluted earnings per share standing at $0.19, the company reported....MORE