Volume Spike Investor

ReneSola Ltd. (NYSE: SOL) is surging this morning.  Goldman Sachs raised its rating to BUY from Neutral and called it one of the solar industry leaders through the current downturn.  This is based upon its cost structure, downstream production integration and its significant exposure to the Chinese market as a low-cost manufacturer.  The gain this morning is despite the company saying it expects losses after it announced involvement in a $706 million solar pact in China.  As of 9:25 AM EST we have shares up 13% at $5.55 (had been up 20% at one point earlier) on 235,000 shares.  Average volume is about 2.8 million shares per day and the stock is still way down from its 52-week high of $19.70.
-JON OGG