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FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 104381
Mood: Aging Cynic
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ReneSola (SOL)
New Chinese Solar IPO
Well second offering anyhow...used to be SOL.B (London Stock Exchange) and this is their NYSE debut. I think people are afraid of solars at this point since they rolled over so hard and are still dropping.
I'm usually wary of second offerings....They may just be trying to get cash to cover bad debt to inflate quarterly earnings.
| Quote From Source: | Cloudy Debut For ReneSola
The latest Chinese solar company to go public in the U.S. encountered stormy weather Tuesday.
ReneSola (nyse: SOL - news - people ), a two-year-old company based in Jiashan, China, manufactures silicon ingots and wafers for solar modules. It opened at $13 on the New York Stock Exchange but closed the day effectively flat at $12.99. The offering raised $130 million.
The ReneSola sale was a secondary offering for the company, which already trades on London's Alternative Investment Market, or AIM, a sub-market of the London Stock Exchange. Its shares have risen 19.8% during the past 12 months, although its performance has been volatile during that period.
| | Click source url to view entire story. |
Source Forbes
Source URL:
http://www.forbes.com/2008/0...1solar.html?partner=yahootix
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 104381
Mood: Aging Cynic
|
RENESOLA LTD
(NYSE: SOL)
Last Trade: 24.09
It has doubled since I brought it to your attention.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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posted on 2/1/2008 at 07:49
