SOL Q2 was a BEAT on Sales & EPS......
Sales came in @ $173 million vs est of $141.30 million
EPS came in @ 38 cents vs est of 31/32 cents
Gross Margin increased to 24.7% from 22.1% in Q1
Guidance was raised to $640 to $670 million from previous $570 to $590 million in revenue for 2008.....
After all this SOL is DOWN $1.20 in pre-market????
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi salim
, conflit reportDJ ReneSola Ltd. Now Sees FY Prod Output 340MW-350MW>SOL
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(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)
August 19, 2008 08:02 ET (12:02 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.- - 08 02 AM EDT 08-19-08
H Ds,
Production output was also raised..I highlighted Sales guidance which can only go up if Production output is also UP....
They are playing with SOL in pre-market???
BEAT is BEAT.....
Saleem
Hi Saleem,
Does not make much sense does it. Could this be sell orders backed up waiting for the pop? If everyone was expecting a large jump like LDK and placed market sells,,,then this could push down the price on PM.
Best Regards
Hi Standards,
Lot of daytraders bailed because it was not a beat & raise to the level of LDK.....
They are mostly gone now.....we should see a steady improvement by close imho....
SOL is doing everything right in a smaller scale compared to LDK...trendline is the same....
It is a great HOLD until market can see that LDK & SOL are in the right spot doing the right thing !!!
Saleem
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