Renesola expects to increase revenue in Q3 2019 compared to previous guidance

Chinese solar project developer Renesola Ltd provided preliminary unaudited financial results for the third quarter ended September 30, 2019. The company expects revenue to range between $55 million and $60 million, compared to its previous guidance of $15 million to $20 million. »Our preliminary revenue range reflects significant revenue contributions from the sale of several solar projects in September 2019,« said Shelley Xu, Chief Executive Officer of Renesola. Some project sales were delayed into the second half, »but we were able to close many transactions more quickly than we planned at the start of the third quarter.«
© PHOTON

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