SOL - ReneSola Non-GAAP EPS of -$0.01 misses by $0.03 revenue of $8.21M misses by $6.19M
- ReneSola press release ( NYSE: SOL ): Q2 Non-GAAP EPS of -$0.01 misses by $0.03 .
- Revenue of $8.21M (-55.7% Y/Y) misses by $6.19M .
- For the 2nd half of 2022, we anticipate project sales will accelerate throughout the remainder of the year.
- We are reiterating our expectation for full year revenue to be in the range of $100 to $120 million ($107.20M consensus). For full year gross margin, we continue to expect it will be 20 to 25%. For full year net profit, we continue to target $9 to $10 million, which is in line with our prior guidance of at least 30% growth.
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ReneSola Non-GAAP EPS of -$0.01 misses by $0.03, revenue of $8.21M misses by $6.19M