Renesola

OverviewSuggest Edit

ReneSola is a manufacturer of solar wafers and PV modules. It focuses on solar power project development, construction management, and project financing services. In addition, the company provides advisory and other services including energy asset management, financial work, O&M.

TypePublic
Founded2005
HQStamford, CT, USMap
Websiterenesolapower.com
Employee Ratings2.4More
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Latest Updates

Employees (est.) (Dec 2019)159(-28%)
Revenue (FY, 2019)$119.1 M(+23%)
Share Price (Feb 2021)$23.7
Cybersecurity ratingCMore

Key People/Management at Renesola

Ke Chen

Ke Chen

Chief Financial Officer and Director
Tan Wee Seng

Tan Wee Seng

Independent Director
Martin Bloom

Martin Bloom

Independent Director
John Ewen

John Ewen

CEO of North America
Julia Xu

Julia Xu

Independent Director
Josef Kastner

Josef Kastner

CEO of European Region
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Renesola Office Locations

Renesola has offices in Stamford, Bayswater, Wien, Mississauga and in 13 other locations
Stamford, CT, US (HQ)
850 Canal St #3D
Bayswater, AU
18 Corporate Blvd
Bayswater, AU
51 Barry St
Wien, AT
Bayerngasse 1
Mississauga, CA
5288 General Rd #8
Huaibei Shi, CN
26 Longwang Rd, Duji Qu
Show all (20)

Renesola Financials and Metrics

Renesola Revenue

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Renesola's revenue was reported to be $119.12 m in FY, 2019 which is a 22.9% increase from the previous period.
USD

Revenue (Q1, 2020)

21.2m

Gross profit (Q1, 2020)

1.4m

Gross profit margin (Q1, 2020), %

6.4%

Net income (Q1, 2020)

(4.7m)

EBIT (Q1, 2020)

(1.1m)

Market capitalization (5-Feb-2021)

1.4b

Closing stock price (5-Feb-2021)

23.7

Cash (31-Mar-2020)

15.5m

EV

1.5b
Renesola's current market capitalization is $1.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

103.0m96.9m119.1m

Revenue growth, %

(6%)23%

Cost of goods sold

88.8m68.8m84.9m

Gross profit

14.1m28.1m34.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

44.8m27.8m18.8m13.1m13.6m66.0m21.2m

Cost of goods sold

36.4m19.6m10.2m12.7m3.1m49.7m19.8m

Gross profit

8.4m8.2m8.6m365.0k10.5m16.2m1.4m

Gross profit Margin, %

19%30%46%3%77%25%6%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

13.4m6.8m24.3m

Accounts Receivable

23.3m34.5m13.8m

Prepaid Expenses

10.5m14.3m6.1m

Current Assets

170.1m135.3m103.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

10.9m24.8m8.1m7.0m8.7m9.4m15.5m

Accounts Receivable

34.5m43.9m39.2m40.2m39.5m39.9m15.2m

Prepaid Expenses

10.1m10.5m6.7m12.0m7.5m8.9m6.4m

Current Assets

155.4m175.3m138.0m138.2m138.9m106.8m84.2m
show all
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

34.5m5.1m(11.7m)

Depreciation and Amortization

4.5m8.4m7.8m

Accounts Payable

24.5m(12.8m)8.2m

Cash From Operating Activities

18.4m(51.1m)55.9m
Quarterly
USDQ1, 2020

Cash From Operating Activities

(9.9m)

Cash From Investing Activities

1.2m

Cash From Financing Activities

(1.4m)

Net Change in Cash

(8.1m)
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USDFY, 2017

Revenue/Employee

29.0k

Debt/Equity

1.2 x

Debt/Assets

0.3 x

Financial Leverage

3.7 x
Show all financial metrics

Renesola Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Solar Power Projects Completed, MW

564 670 697 735 745 779 779

Solar Power Projects Operated (China), MW

187.30 193.60 206.80 212 212 207.80 201.30 196.80 172 172

Solar Power Projects Operated (Romania), MW

15.40 15.40 15.40 15.40 15.40 15.40 15.40 15.40 15.40 15.40

Solar Power Projects Operated, MW

212 213.30 226.50 231.70 231.70 227.50 240.60 240.60 215.80 215.80
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Renesola Acquisitions / Subsidiaries

Company NameDateDeal Size
ECOSFER ENERGY S.R.L.
Edison Oakapple Ltd
LUCAS EST S.R.L
ReneSola Consulting (Shanghai) Co., Ltd
ReneSola Investment Management Ltd.
ReneSola New Energy S.à r.l.
Renesola Poksla sp. z o.o.
ReneSola Power Canada
ReneSola Power Holdings LLC.
Renesola Szolgáltató és Kivitelező Kft.
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Renesola Revenue Breakdown

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Renesola revenue breakdown by business segment: 75.6% from Solar Power Project Development, 24.1% from Electricity Generation Revenue and 0.3% from Other

Renesola revenue breakdown by geographic segment: 20.5% from China, 7.8% from United States, 50.3% from Poland, 14.9% from Hungary and 6.5% from Other

Renesola Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

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Renesola Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Renesola Online and Social Media Presence

Renesola's Trends

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Renesola News and Updates

January 11, 2021

ReneSola Power Announces Closing of $40.0 Million Registered Direct Offering

ReneSola Ltd ("ReneSola Power" or the "Company") (NYSE: SOL), a fully integrated solar project developer, today announced that it has closed its previously announced registered direct offering of 2.50 million of American Depositary Shares (ADSs), each representing ten (10) ordinary shares, at a purc…
January 08, 2021

ReneSola Power Announces Sale of 12.3 MW of Projects in Hungary

ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a fully integrated solar project developer, today announced that it entered into an agreement to sell a portfolio of projects located in Hungary to Obton, a leading international solar investment company headquarte…
January 07, 2021

ReneSola Announces $40.0 Million Registered Direct Offering

ReneSola Ltd ("ReneSola Power" or the "Company") (NYSE: SOL), a fully integrated solar project developer, today announced that it entered into securities purchase agreements with several institutional investors for the purchase and sale of 2.50 million of American Depositary Shares (ADSs), each repr…
January 05, 2021

ReneSola Power and Eiffel Investment Group Announce MOU for Joint Venture to Fund Solar Development in Europe

ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a fully integrated solar project developer, today announced that it signed a Memorandum of Understanding (MOU) with Eiffel Investment Group ("Eiffel"), a leading asset management firm with 3 billion euros under man…
December 23, 2020

ReneSola Power Announces Sale of 15.4 MW of Solar Assets in Romania

ReneSola Ltd (NYSE: SOL) ("ReneSola Power" or the "Company"), a fully-integrated solar project developer today announced that it entered into an agreement to sell two ground-mounted solar parks in Romania with a combined capacity of 15.4 MW to Alternus Energy Group plc, pan-European Independent Powe…
December 23, 2020

ReneSola Power Announces $20.0 Million Registered Direct Offering

ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a fully integrated solar project developer, today announced that it entered into securities purchase agreements with several institutional investors for the purchase and sale of approximately 2.105 million of Amer…
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 Renesola Frequently Asked Questions

  • When was Renesola founded?

    Renesola was founded in 2005.

  • Who are Renesola key executives?

    Renesola's key executives are Ke Chen, Tan Wee Seng and Martin Bloom.

  • How many employees does Renesola have?

    Renesola has 159 employees.

  • What is Renesola revenue?

    Latest Renesola annual revenue is $119.1 m.

  • What is Renesola revenue per employee?

    Latest Renesola revenue per employee is $749.2 k.

  • Who are Renesola competitors?

    Competitors of Renesola include Seraphim, LONGi and First Solar.

  • Where is Renesola headquarters?

    Renesola headquarters is located at 850 Canal St #3D, Stamford.

  • Where are Renesola offices?

    Renesola has offices in Stamford, Bayswater, Wien, Mississauga and in 13 other locations.

  • How many offices does Renesola have?

    Renesola has 20 offices.