26 Sep '16, 9pm

ReneSola trying to keep NYSE share price above minimum price requirement

The continued sell-off of NYSE and NASDAQ listed solar company stocks resulted in ReneSola’s shares dipping below the US$1.0 minimum price on September 15 through September 21. Image: ReneSola Integrated PV module manufacturer ReneSola has extended its original stock repurchase program, under which it could repurchase up to US$20 million of its outstanding American depositary shares (ADS’s). The continued sell-off of NYSE and NASDAQ listed solar company stocks resulted in ReneSola’s shares dipping below the US$1.0 minimum price on September 15 through September 21. On September 23, 2015, ReneSola authorized the original share repurchase program for a term of 12 months, which resulted in the company purchasing over 1.48 million ADS’s. "Our share buyback program continues to demonstrate our commitment to our shareholders," said Xianshou Li, ReneSola's Chairman and Chief Exec...

Full article: http://www.pv-tech.org/news/44815

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