) has entered into a contract with S&C Electric Company
("S&C") to provide 250-watt ("W") high-efficiency
polycrystalline solar photovoltaic ("PV") modules.
JINKOSOLAR HLDG (JKS): Free Stock Analysis
LDK SOLAR CO (LDK): Free Stock Analysis
RENESOLA LT-ADR (SOL): Free Stock Analysis
STR HOLDINGS (STRI): Free Stock Analysis
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The 250W polycrystalline modules also known as Virtus II modules
feature a high module conversion efficiency. It is a unique
combination of high quality and efficiency. These modules carry a
mechanical load capability of up to 5400 Pascal. Also, they abide
by existing International Electro Technical Commission
certifications and Underwriters Laboratories listings.
Per the contract, ReneSola will supply 7,200 solar PV modules to
S&C. Chicago-based S&C Electric Company provides
equipment and services for electric power systems. It will
utilize these modules for a solar project it plans to build in
Roswell, New Mexico this year.
In order to comply with stringent environmental legislations,
most energy producers are moving towards a solar landscape. The
New Mexico Renewable Portfolio Standard calls for 20% renewable
energy by 2020. This project leveraging world class Renesola
modules will help the state to achieve this target.
Renesola has a solid hold on its supply chain. Moreover, the
company has indicated that it intends to continue its partnership
with project developers who are building projects that have
special requirements like some specific kind of module and are on
a tight schedule. To this end, ReneSola recently agreed to
provide 300W high-efficiency Virtus II 72-cell polycrystalline
solar modules to Strata Solar, LLC ("Strata Solar"). Strata Solar
will utilize the modules in five 6.5-megawatt ("MW") solar farms
in North Carolina.
Of late, ReneSola has fine-tuned, diversified and enlarged its
product mix. Moreover, the company is also focused on cost
reductions by reducing its module and wafer processing costs.
However, the countervailing duties and anti-dumping duties
imposed in the U.S. are a matter of concern for Chinese companies
JinkoSolar Holding Co., Ltd.
LDK Solar Co., Ltd.
). ReneSola presently retains a short-term Zacks Rank #2 (Buy).
STR Holdings, Inc.
) with a Zacks Rank #2 (Buy) may also be considered in the
alternative energy space.