Amid the flurry of financial news out of the solar space this week, one of the biggest stunners has to be ReneSola's
One gigawatt is Suntech Power's
Around this time last year, when ReneSola was in wafer wonderland, maybe someone would have given a hoot. As it stands, investors seem to be unimpressed at best.
Jesse Pichel of Piper Jaffray
First, ReneSola's CEO responded that the company's initial capacity would be small, which didn't really address the issue at all. When pressed further, he pointed to JA Solar's
While the company claims that it can keep things copacetic with these customers, I feel like this is an invitation to some serious strain on ReneSola's relationships down the road. The firm must feel that the benefits of vertical integration outweigh any potential customer friction.