$4.13
-0.02 (-0.48%)
ReneSola LTD (SOL)
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ReneSola Ltd (ReneSola) is a manufacturer of solar wafers, which are thin sheets of crystalline silicon material primarily used in the production of solar cells.
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The push for energy independence here in the US is becoming an ever more important topic this election year and is not going away. The guy with the best plan for energy independence may just win the elecetion on that plan.
How do we do that? Wind, Water, Earth.... Captain Planet? No, Its SOLAR to the rescue!
Wind power is only practical in certain geographic areas, hydro and geothermal energies sources fall in the same boat. The other options, off-shore/alaskan drilling and nuclear will both take years to see the benefits.
Solar has come along way in the last 10 years, efficiencies are up thanks to new state of the art manufacturing technologies. When making of all these solar modules, it almost always starts with Solar WAFERs and ReneSola supplies them to all the big names: JA Solar (JASO), Solarfun (SOLF) and Suntech Power (STP)
Take a look at the amazing growth going on in these three and you'll see why ReneSola revenues are up from
$84M in '06 -> $250M in '07 -> $125M this past QUARTER.