The continued sell-off of NYSE and NASDAQ listed solar company stocks resulted in ReneSola’s shares dipping below the US$1.0 minimum price on September 15 through September 21. Image: ReneSola
Integrated PV module manufacturer ReneSola has extended its original stock repurchase program, under which it could repurchase up to US$20 million of its outstanding American depositary shares (ADS’s).
The continued sell-off of NYSE and NASDAQ listed solar company stocks resulted in ReneSola’s shares dipping below the US$1.0 minimum price on September 15 through September 21.
On September 23, 2015, ReneSola authorized the original share repurchase program for a term of 12 months, which resulted in the company purchasing over 1.48 million ADS’s.
"Our share buyback program continues to demonstrate our commitment to our shareholders," said Xianshou Li, ReneSola's Chairman and Chief Executive Officer. "We remain focused on generating cash flow and directing it toward value-enhancing uses, including debt repayment, reducing our share count and growing our downstream project business. We expect to continue to make significant progress on all three fronts within the next 12 months."
Struggling former leading global PV manufacturer Yingli Green Energy had been warned of a NYSE delisting in 2015 and was forced into a reverse stock split to regain compliance.
Understanding bifacial’s true potential: technology innovation and technical bankability of bifacial
The deployment of bifacial PV technology is growing rapidly. It has proven to be the most effective solution to reduce levelised energy costs (LCOE) and increase the Investment Rate of Return (IRR) of PV systems, offering substantially improved energy yield compared to the use of standard mono-facial modules. Even though the concept is not new, it has been a niche technology for many years with uncertainties in predicting performance and optimizing installations. Today, bifacial technology is becoming mainstream, with capacity available at the multi-gigawatt scale and with corresponding global deployment of project pipelines. Join this webinar, presented by Andrea Viaro, as he discusses the award-winning Swan bifacial module with transparent backsheet from DuPont, its features, benefits and differences vs. standard glass-glass modules. Jinko Solar’s new bifacial technology innovations will also be highlighted, specifically covering profitability in deployment at utility-scale PV power plants. Andrea will be joined by Dr.Lars Podlowski who will give a comprehensive introduction to all aspects of bifacial PV technology, with a special focus on benefits and risks industry buyers and investors should pay attention to.
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability.