$22.8 Million Revenue For ReneSola In Q1/2021
ReneSola’s Business Model Sheltering Company From Material Cost Increase In Solar Supply Chain; Reports Over 7% Annual Growth In Q1/2021 Revenues; Reiterates FY 2021 Revenue & Gross Margin Forecast
Wednesday, 26 May 2021
The business model Chinese solar power project developer ReneSola Ltd follows is that of developing a project to the stage where construction can begin by the EPC contractor, which in common business parlance is called Notice to Proceed (NTP).
ReneSola’s 2020 Annual Revenues Dropped 38%
ReneSola’s Annual Revenues, EBITDA & Gross Margin Declined In 2020, But Management Bullish Of 2021 Prospects; Aims To Monetize 300 MW Projects & Grow Pipeline To 2 GW In 2021
Monday, 29 Mar 2021
Chinese solar power company with US base, ReneSola Power exited 2020 with total revenues of $73.9 million declining 38% from last year and a 50% drop in GAAP gross profit of $17.2 million, with a gross margin of 23.2%, having dropped from 28.7% in 20.
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