Roth Capital analyst Justin Clare upgraded ReneSola to Neutral from Sell after its Q1 results beat expectations and the company lowered targeted 2018 installs in China, but maintained revenue and gross margin guidance. It appears accelerated sales overseas and lower capital spending needs could offset challenges resulting from China's policy changes, said Clare, who raised his price target on ReneSola shares to $2.60 from $2.00.

Emeren announced the successful co-development agreement of 199 MW of Battery Storage Projects in two regions of Southern Italy with Nuveen Infrastructure, rebranded from Glennmont Partners, one of the world's largest fund managers investing in clean energy. As previously announced, this agreement marks the final stage in the portfolio collaboration between Emeren and Nuveen, achieving a total power capacity of 354 MWp. The partnership will involve Nuveen and Emeren jointly developing two additional stand-alone Battery Storage Projects in the Apulia region of Southern Italy. These projects are scheduled to enter the construction stage in mid 2025 and begin operations in early 2026.