The Shareholders Foundation announces that an investigation on behalf of investors of ReneSola Ltd. (ADR) (NYSE:SOL) shares is ongoing concerning possible securities laws violations.
Investors who purchased shares of ReneSola Ltd. (ADR) (NYSE:SOL) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of ReneSola Ltd. (ADR) (NYSE:SOL) concerning whether a series of statements by ReneSola Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
ReneSola Ltd. reported that its annual Total Revenue rose declined from over $1.2 billion in 2010 to $969.13 million in 2012 and its Net Income declined from $169 million in 2010 to a Net Loss of $242.52 million in 2012.
Shares of ReneSola Ltd. (ADR) (NYSE:SOL) declined from $13.10 per share in October 2010 to as low as $1.12 per share in November 2012, respectively $1.32 per share in April 2013.
Since then NYSE:SOL shares reached $5.72 per share in September 2013.
On March 27, 2014, ReneSola Ltd. announced it has been selected as one of the respondents in the United States Department of Commerce’s anti-dumping investigation on certain crystalline silicon photovoltaic products from China.
Shares of ReneSola Ltd. (ADR) (NYSE:SOL) declined to as low as $3.05 per share on March 27, 2014.
On April 4, 2014, NYSE:SOL shares closed at $3.41 per share.
Those who purchased shares of ReneSola Ltd. (ADR) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego