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Fly News Breaks for June 4, 2018
SOL
Jun 4, 2018 | 10:46 EDT
As previously reported, Roth Capital analyst Justin Clare downgraded ReneSola to Sell from Neutral and lowered his price target on the stock to $2 from $2.80. With China's "much worse than expected" new solar policy released last Friday, the analyst expects DG installations in the second half of 2018 and in 2019 to be much lower than previously expected. Further, Clare believes ReneSola's installations in China could miss expectations.
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