ReneSola ups 2012 shipment guidance after Greek supply deal

Shares of ReneSola jumped after the Chinese wafer giant upwardly revised its shipment guidance for the year, and revealed a major module supply deal with a Greek distributor.

With European PV demand firmer in the first half of 2012 than many observers had expected, and demand in China expected to surge later in the year, ReneSola bumped up its full-year guidance for wafer and module shipments to 2.2-2.4GW, up from 1.8-2GW.

Shares of Zheijiang-based ReneSola surged more than 13% on the news, before giving back some ground. The shares were still up more 7%, at $1.46, at noon in New York.

ReneSola also announced that it has clinched a 100MW supply deal for its high-efficiency Virtus modules with Big…

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