“We experienced greater-than-expected price declines in both our core wafer business and supporting module business in the second quarter of 2011,” says chief executive Xianshou Li.
Zheijiang-based Renesola, which is listed in New York and London, expects a quarterly profit margin in the range of 17-19%, compared to its previous guidance of 25-27%.
It anticipates shipments of 290MW-300MW, compared to its previous guidance of 330MW-350MW.
