Emeren Group Ltd. Sponsored ADR (NYSE:SOL - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.66 and traded as high as $1.91. Emeren Group shares last traded at $1.88, with a volume of 206,161 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Emeren Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th.
Read Our Latest Report on SOL
Emeren Group Stock Down 0.8%
The company's 50 day moving average price is $1.86 and its two-hundred day moving average price is $1.66. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.11. The stock has a market cap of $96.23 million, a P/E ratio of -18.75 and a beta of 2.12.
Institutional Trading of Emeren Group
Several institutional investors and hedge funds have recently modified their holdings of SOL. Raymond James Financial Inc. bought a new stake in shares of Emeren Group during the fourth quarter valued at approximately $80,000. Invesco Ltd. raised its stake in shares of Emeren Group by 26.5% during the fourth quarter. Invesco Ltd. now owns 792,148 shares of the semiconductor company's stock valued at $1,608,000 after acquiring an additional 165,902 shares in the last quarter. Monaco Asset Management SAM raised its stake 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 valued at $3,148,000 after acquiring an additional 157,388 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Emeren Group during the first quarter valued at approximately $47,000. 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
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