Orlando, FL -- (SBWIRE) -- 08/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On ReneSola Ltd. (ADR) (NYSE:SOL), Gerdau SA (ADR) (NYSE:GGB).
ReneSola Ltd. (ADR) (NYSE:SOL) shares closed at $4.38. The company on August 14 announced it has rescheduled its conference call regarding its results for the second quarter ended June 30, 2013. ReneSola's management will host its earnings call on Friday, August 30, 2013 at 8 am U.S. Eastern Time (8 pm Beijing/Hong Kong time).
Additionally, the company, on July 16, announced updates to its second quarter and full year 2013 outlook. The Company estimates its second quarter revenues to be in the range of $365 million to $375 million, as compared to its previously guided range of $310 million to $330 million. The Company estimates its second quarter solar module shipments to be in the range of 450 MW to 460 MW, compared to its previously guided range of 400 MW to 420 MW.
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Gerdau SA (ADR) (NYSE:GGB) shares closed at $7.26. A decision by the Brazilian government not to renew an import tax on some steel products is unlikely to impact local mill Gerdau SA in a meaningful way, Gerdau executives said at a conference call on August 1. The decision will not have "a great impact" on Gerdau, the largest steelmaker in the Americas, Chief Executive André Gerdau-Johannpeter said.
Additionally, the company on May 7 expects to post improved debt metrics throughout the year as higher operational profit as well as a revision in capital expenditures eases the pressure to borrow, Chief Financial Officer André Pires said.
Net debt rose to the equivalent of 3.3 times earnings before interest, taxes, depreciation and amortization at the end of March, compared with 2.9 times in December.
Is GGB going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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