Emeren Group - SOL STOCK NEWS

ReneSola Ltd (NYSE: SOL) has closed the acquisition of selected solar and solar-plus-storage assets from Nova Development Management for approximately $3.8 million. This purchase adds roughly 200 MW to ReneSola's development pipeline and brings an experienced project development team into the company. The acquisition enhances ReneSola's position in the U.S. market, particularly in small-scale utility projects, and underscores the company's strategic focus on expanding its solar energy capabilities.

ReneSola Ltd (NYSE: SOL) announced that it will release its unaudited financial results for Q3 2020, ending September 30, 2020, on December 1, 2020, after U.S. market close. The company will host a conference call at 4:30 p.m. ET to discuss these results. ReneSola specializes in solar project development and operates in over 10 countries, focusing on high-margin opportunities in the U.S. and Europe, including Poland, Hungary, Minnesota, and New York. The firm aims to benefit from favorable government policies in rapidly growing solar markets.

ReneSola Ltd (NYSE: SOL) has announced preliminary unaudited financial results for Q3 2020, projecting revenue between $8 million and $10 million, exceeding previous guidance. The gross margin is expected to surpass 42%, up from the estimated 38% to 42%. Additionally, the company anticipates a net profit of at least $2 million, surpassing analyst expectations. CEO Yumin Liu expressed optimism about project pipelines and growth prospects despite the challenges posed by the COVID-19 pandemic. Final results will be disclosed on December 1, 2020.

ReneSola Ltd (NYSE: SOL) announced its participation in the Benchmark Company Discovery Virtual One on One Investor Conference on November 18, 2020. The company will host virtual investor meetings and encourages interested investors to contact their institutional sales representative at the Benchmark Company. ReneSola is a leader in solar project development and operations, with a focus on high-margin opportunities in growing markets like the U.S. and Europe, specifically in regions such as Poland, Hungary, Minnesota, and New York.

ReneSola Ltd (NYSE: SOL) has announced its Annual General Meeting (AGM) scheduled for December 21, 2020, at 2:00 p.m. in Shanghai, China. Key resolutions include the approval of the consolidated financial statements for 2019, re-election of directors Wee Seng Tan and Martin Bloom, and an amendment to the 2007 Share Incentive Plan to increase share issuance from 12.5 million to 22.5 million shares. The AGM materials are available on the company's investor relations website.

ReneSola Ltd (NYSE: SOL) has partnered with Novergy to co-develop utility-scale solar projects in the UK. A joint venture will focus on developing an existing pipeline of 100MW and aims to add another 100MW over the next few years. CEO Josef Kastner highlighted the partnership's potential to enhance project portfolios and market expansion. The agreement reinforces Novergy's commitment to developing 1GW of solar projects in the UK. This collaboration follows another joint venture announced by ReneSola earlier in the month, indicating business momentum and growth opportunities.

ReneSola Power (NYSE: SOL) announced a registered direct offering of 1,538,462 American Depositary Shares (ADSs) at $3.25 per ADS, expected to close on October 14, 2020.

The offering is projected to generate gross proceeds of approximately $5 million, aimed at expanding its solar project pipeline and meeting general working capital needs. H.C. Wainwright & Co. is the exclusive placement agent for this offering, with Roth Capital Partners acting as financial advisor.

ReneSola Ltd (NYSE: SOL) has announced a strategic partnership with Vodasun to co-develop ground-mounted solar projects in Germany. The partnership will create a 50/50 joint venture aimed at developing a project portfolio of 50 to 100 MW, with plans to expand by an additional 50 to 100 MW annually. Both companies aim to leverage their strengths to enhance profitability and project portfolio robustness amid a challenging macro environment. The joint venture hopes to achieve significant growth in the German solar market, aligning with ReneSola's global pipeline growth targets.

ReneSola Power (NYSE: SOL) announced a registered direct offering of 2,500,000 American Depositary Shares (ADSs) at $2.00 per ADS, aiming to raise $5 million before expenses. The offering is set to close on September 25, 2020, contingent on customary conditions. Proceeds will support expanding solar project pipelines and general working capital. The offering is conducted under an effective shelf registration statement.