Why ReneSola Ltd. Shares Popped Today

Is ReneSola's jump meaningful? Or just another movement?

Mar 6, 2014 at 7:41PM

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of ReneSola Ltd. (NYSE:SOL) rose more than 10% early Thursday after the company announced a significant solar module delivery.

So what: Specifically, ReneSola confirmed it has delivered approximately 45,900 high-efficiency modules to Tozzi Sud's 11.7 MW ground-mounted solar project, the Photovoltaic Plant of Ferrara Aranova.

Now what: After noting that the modules were manufactured in the EU by one of its OEM partners -- which means ReneSola was able to receive additional feed-in-tariff payments on the sale -- CEO Xianshoul Li weighed in: "Our reputation for producing high-quality reliable modules was central to our ability to win this deal. We look forward to partnering with Tozzi Sud on additional projects in the future."

This is the latest in a string of wins so far this year, with others notably including both ReneSola's 32 MW deal with Isolux Corsan Servicios for power plants in the U.K., and a massive 420 MW contract with a project developer in Japan. With ReneSola shares currently trading at just 0.25 times last year's sales -- and if it can continue effectively implementing its OEM strategy to win business while keeping risks low -- I think there could be little to prevent ReneSola from rewarding patient investors from here.

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Steve Symington has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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