to-the-point: ReneSola regains compliance with NYSE rules

NYSE. Author: License: José Maria Silveira Neto. Creative Commons, Attribution-ShareAlike 2.0 Generic

June 11 (Renewables Now) - Chinese solar projects developer ReneSola Ltd (NYSE:SOL) said today it has regained full compliance with the continued listing standards of the New York Stock Exchange (NYSE).

"We are pleased that our hard work over the past year resulted in achievement of one of our key goals: to fully comply with all listing standards of the exchange,” commented CEO Xianshou Li.

The company received a notice from NYSE in August 2017 that it was below the continued listing standards of the exchange. More specifically, its average market capitalisation remained below USD 50 million (EUR 42m) over a 30 trading-day period before the notice.

(USD 1.0 = EUR 0.848)

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