ReneSola Power Announces Fourth Quarter and Full Year 2021 Financial Results
ReneSola Power (NYSE: SOL) reported its fourth quarter and full year 2021 financial results, showcasing substantial growth.
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Rhea-AI Summary
ReneSola Power (NYSE: SOL) reported its fourth quarter and full year 2021 financial results, showcasing substantial growth. Earnings per ADS reached $0.10, marking a 77% year-over-year increase. The company's project development pipeline expanded by 120% year-over-year to 2.2 GW. Additionally, ReneSola strengthened its capital position with $254 million in cash and cash equivalents. A conference call will delve into these results.
Positive
- Earnings per ADS of $0.10, up 77% year-over-year
- Project development pipeline increased to 2.2 GW, up 120% year-over-year
- Cash and cash equivalents strengthened to $254 million
Negative
- None.
Details
News Market Reaction – SOL
The recorded move for SOL in the trading session of this news was -7.94%.
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-- Earnings per ADS of
-- Project development pipeline of 2.2 GW, up
- Strengthened capital position with
STAMFORD, Conn., March 23, 2022 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021. ReneSola Power's fourth quarter and full year 2021 financial results and management commentary can be found by accessing the Company's shareholder letter on the quarterly results page of the Investor Relations section of ReneSola Power's website at: http://ir.renesolapower.com.
ReneSola Power will hold a conference call today to discuss results.
Conference Call Details
ReneSola Power will hold a conference call today, March 23, 2022 at 4:30 p.m. U.S. Eastern Time (4:30 a.m. China Standard Time on Thursday, March 24, 2022) to discuss financial results.
Please register in advance to join the conference call using the link provided below and dial in 10 minutes before the call is scheduled to begin. Conference call access information will be provided upon registration.
Participant Online Registration: http://apac.directeventreg.com/registration/event/3360748
A replay of the conference call may be accessed by phone at the following numbers until March 31, 2022. To access the replay, please reference the conference ID 3360748.
Phone Number | Toll-Free Number | |
United States | +1 (646) 254-3697 | +1 (855) 452-5696 |
China Hong Kong | +852 3051-2780 | +852 8009-63117 |
Mainland China | +86 (400) 820-9703 +86 (400) 820-9035 | |
Other International | +61 (2) 8199-0299 |
A webcast of the conference call will be available on the ReneSola Power website at http://ir.renesolapower.com.
About ReneSola Power
ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York. For more information, please visit www.renesolapower.com.
For investor and media inquiries, please contact:
In the United States:
ReneSola Ltd
Mr. Adam Krop
+1 (347) 577-9055 x115
IR.USA@renesolapower.com
The Blueshirt Group
Mr. Gary Dvorchak, CFA
+1 (323) 240-5796
gary@blueshirtgroup.com
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SOURCE ReneSola Power
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