ReneSola Ltd (SOL)
The alphaDIRECT Insight
ReneSola was founded in 2005 and with its recent corporate restructuring, the Company is diversifying itself by being more focused in the downstream market with an emphasis on smaller scale projects in different jurisdictions, such as the China DG market as well as community solar in the United States. With overcapacity being an issue in the overall solar market, we believe that ReneSola has successfully repositioned itself and simplified its business model in order to provide higher returns and growth. The company has also successfully completed a spinoff transaction which should enhance ReneSola’s ability to cost-effectively fund more downstream solar projects and drive more recurring revenue and cash flow.
Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (SOL) is an international leading brand of solar project developer and operator. Leveraging its global presence and solid experience in the industry, ReneSola is well positioned to develop green energy projects with attractive return around the world. For more information, please visit www.renesolapower.com.