ReneSola Sells 512KW Solar Modules for Use on Rooftop Solar System at Cummings Center


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ReneSola Ltd ( SOL ), a global manufacturer of solar photovoltaic modules and wafers, is flat at $1.57 this morning after it today announced it has contracted to sell 512 kilowatts (kW) of its solar modules to Cummings Properties for use on the rooftop solar system of Cummings Center, a 2-million square foot corporate campus and retail center in Beverly, Massachusetts.

Per the agreement, SOL will ship 512 kW of its 305 watt (W) poly modules to Cummings Properties this month. Cummings Properties will be responsible for the design and construction of the center's rooftop solar system, as well as integration of SOL's solar modules.

SOL trades in a 52-week range of $1.16 - $3.38; shares have fallen 48% in the last 12 months.

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This article appears in: Investing , Commodities

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