ReneSola Power Responds to Misleading Short Report

Rhea-AI Summary

ReneSola Ltd. (NYSE: SOL) responded to a report by Grizzly Reports claiming inaccuracies in the company's operations. The company emphasizes that the report contains misstatements and intends to clarify these issues during its earnings conference call on December 7 at 4:30 PM EST. As a leading solar project developer, ReneSola Power operates globally, focusing on high-margin development opportunities in the U.S. and Europe, particularly in growing markets like Poland, Hungary, Minnesota, and New York.

Positive

• ReneSola Power intends to clarify inaccuracies in a report, showcasing commitment to transparency.
• The company operates in rapidly growing solar markets, indicating strong future potential.

Negative

• The company faces public scrutiny due to the reported inaccuracies, which may impact investor confidence.

STAMFORD, Conn., Dec. 2, 2021 /PRNewswire/ -- ReneSola Ltd. ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, responded today to a report issued by Grizzly Reports with respect to ReneSola Power and its operations.  ReneSola Power believes that the report contains inaccurate conclusions, misstatements of historical facts, errors, and superfluous opinions.

ReneSola Power takes seriously any accusations of impropriety and intends to address the key issues raised by the report.  The Company is studying the report and will address the key inaccuracies with detailed explanations on its upcoming earnings conference call, scheduled for December 7 at 4:30 PM Eastern Standard Time.

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York.

 

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SOURCE ReneSola Power

FAQ

What is ReneSola Power's response to the Grizzly Reports on December 2, 2021?

ReneSola Power stated that the report contains inaccuracies and intends to address these in its upcoming earnings call.

What key issues will ReneSola Power address in its earnings call?

The company plans to explain the inaccuracies reported by Grizzly Reports.

When is ReneSola Power's earnings conference call?

The earnings conference call is scheduled for December 7 at 4:30 PM EST.

In which markets does ReneSola Power operate?

ReneSola Power operates in the U.S. and Europe, particularly in Poland, Hungary, Minnesota, and New York.