Emeren Group Ltd. Sponsored ADR (NYSE:SOL - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.68 and traded as high as $1.92. Emeren Group shares last traded at $1.92, with a volume of 109,838 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Emeren Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th.
Check Out Our Latest Analysis on SOL
Emeren Group Trading Down 0.8%
The business has a fifty day moving average of $1.76 and a 200-day moving average of $1.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.03 and a current ratio of 4.03. The company has a market capitalization of $98.28 million, a P/E ratio of -19.15 and a beta of 2.17.
Institutional Investors Weigh In On Emeren Group
Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Emeren Group in the 1st quarter worth about $47,000. Raymond James Financial Inc. purchased a new position in Emeren Group during the 4th quarter valued at about $80,000. Invesco Ltd. grew its holdings in Emeren Group by 26.5% during the 4th quarter. Invesco Ltd. now owns 792,148 shares of the semiconductor company's stock valued at $1,608,000 after buying an additional 165,902 shares in the last quarter. Finally, Monaco Asset Management SAM grew its holdings in shares of Emeren Group by 8.5% during the first quarter. Monaco Asset Management SAM now owns 2,005,152 shares of the semiconductor company's stock worth $3,148,000 after purchasing an additional 157,388 shares in the last quarter. Hedge funds and other institutional investors own 44.08% of the company's stock.
About Emeren Group
(
Get Free Report)
Emeren Group Ltd, together with its subsidiaries, develops, builds, and sells solar power projects. It owns and operates 3-gigawatt pipeline of projects and independent power producer assets, as well as a 10-gigawatt pipeline of storage pipeline. The company develops community solar gardens; and sells project rights.
Further Reading
Before you consider Emeren Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emeren Group wasn't on the list.
While Emeren Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
