Benzinga | Apr 30, 2021 06:06AM EDT

ReneSola Sees Prelim. Q1 Sales Up More Than $30M, Which Is Higher Than Prior Guidance Of Up $18M-$20M

Based on preliminary unaudited results, the Company now expects revenue for the first quarter of 2021 to be more than $20 million, up from the previously announced guidance range of $18 million to $20 million. Gross margin for the first quarter of 2021 is expected to exceed 15%, compared to prior guidance of 10% to 11%. In addition, the Company expects a profitable first quarter with positive non-GAAP net profits.