ReneSola Lowers Q2 Revenue Projections; Shares Down In Pre-Market

ReneSola Ltd SOL lowered its second-quarter revenue projections. ReneSola now expects revenue to be in the range of $235 million to $245 million, down from its previous forecast of $280 million to $300 million. It projects total solar wafer and module shipment to be in the range of 290 megawatts to 300 megawatts, versus its earlier forecast of 330 megawatts to 350 megawatts. ReneSola shares dropped 8.12% to $4.30 in pre-market trading.