UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2012
Commission File Number: 001-33911
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RENESOLA LTD
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No. 8 Baoqun Road, YaoZhuang
Jiashan, Zhejiang 314117
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| RENESOLA LTD |
| By: | /s/ Xianshou Li | |
| Name: | Xianshou Li | |
| Title: | Chief Executive Officer |
Date: November 23, 2012
Exhibit Index
| Exhibit No. | Description | |
| Exhibit 99.1 | Press Release |
Exhibit 99.1
ReneSola to Report Third Quarter 2012 Results on November 30, 2012
Company Updates Third Quarter and Full Year 2012 Outlook
JIASHAN, China, November 21, 2012 – ReneSola Ltd (“ReneSola” or the “Company”) (NYSE: SOL), a leading global manufacturer of solar photovoltaic (“PV”) modules and wafers, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2012 before the U.S. markets open on Friday, November 30, 2012.
Based on preliminary data, the Company provides the following updates to its outlook:
| · | For the third quarter of 2012, the Company estimates its total solar wafer and module shipments to be in its previously guided range of 510 MW to 530 MW, solar module shipments to be slightly below its previously guided range of 150 MW to 170 MW and revenues to be in its previously guided range of US$200 million to US$220 million. |
| · | For the full year of 2012, the Company estimates its total solar wafer and module shipments to be close to 2.2 GW, compared to the Company's previously guided range of 2.2 GW to 2.4 GW. The Company expects its solar module shipments to increase in the fourth quarter of 2012. |
| · | The Company expects its gross profit margin for the third quarter of 2012 to be in the range of negative 17.5% to negative 18.5% after an inventory write-down of approximately US$31.6 million to reflect current selling prices. |
“Although the challenging market conditions have affected our third quarter results, we have successfully transformed into a large-scale solar module supplier over the past year,” said Mr. Xianshou Li, ReneSola's chief executive officer. “Our module business has performed well in Europe and Australia, while at the same time capitalized on emerging opportunities in the United States and China. In the fourth quarter, we expect to increase our module shipments significantly and are confident our gross margin will turn positive as we executive on our strategy to become a leading module supplier.”
ReneSola's management will host an earnings conference call on Friday, November 30, 2012 at 8 am U.S. Eastern Time (9 pm Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
| U.S. / International: | +1-718-354-1231 |
| Hong Kong: | +852-2475-0994 |
Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is "ReneSola Call".
A replay of the conference call may be accessed by phone at the following number until December 7, 2012:
| International: | +1-646-254-3697 |
| Passcode: | 73036035 |
Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of ReneSola's website at http://www.renesola.com.
About ReneSola
Founded in 2005, ReneSola (NYSE: SOL) is a leading global manufacturer of high-efficiency solar PV modules and wafers. Leveraging its proprietary technologies, economies of scale and technical expertise, ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. ReneSola solar modules have scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC). ReneSola solar PV modules can be found in projects ranging in size from a few kilowatts to multi-megawatts in markets around the world, including the United States, Germany, Italy, Belgium, China, Greece, Spain and Australia. For more information, please visit www.ReneSola.com.
For investor and media inquiries, please contact:
In China:
Mr. Tony Hung
ReneSola Investor Relations
| Tel: | +86-573-8473-9011 |
| Email: | ir@renesola.com |
Mr. Derek Mitchell
Ogilvy Financial, Beijing
| Tel: | +86-10-8520-3073 |
| Email: | sol@ogilvy.com |
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
| Tel: | +1-646-460-9989 |
| Email: | sol@ogilvy.com |