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Why Shares of ReneSola Sank 15% in May

TheMotleyFool

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After declining by 16% through the first four months of 2021, shares of ReneSola (NYSE: SOL), a manufacturer of components for solar panels, dropped by another 15% in May, according to data from S&P Global Market Intelligence.

While investors were treated to some positive news about the company last month, it wasn't enough to compensate for the pessimism they felt after seeing its preliminary first-quarter results.

Image source: Getty Images.

Source Fool.com

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