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,