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ReneSola Share Repurchase Update

ReneSola Share Repurchase Update

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ReneSola Ltd (“ReneSola” or the “Company”) (www.renesola.com) (NYSE: SOL), a leading fully-integrated solar project developer and provider of energy-efficient products, today announced that it purchased over 705,000 ADS in the month of December.

“Our share buyback program is an integral element of our capital spending program, and represents an attractive use of funds when our shares are particularly undervalued,” said Xianshou Li, ReneSola’s Chairman and Chief Executive Officer. “In addition to returning capital to shareholders, we continue to use cash to pay down debt, and fund attractive project development opportunities. We intend to continue these value-enhancing activities in the year ahead.”

Source:prnewswire

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Anand Gupta Editor - EQ Int'l Media Network

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