Emeren Group Ltd. Sponsored ADR (NYSE:SOL - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.68 and traded as high as $1.85. Emeren Group shares last traded at $1.78, with a volume of 268,882 shares traded.
Wall Street Analyst Weigh In
Several research analysts have recently commented on SOL shares. Roth Mkm decreased their price objective on Emeren Group from $3.00 to $2.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Wall Street Zen downgraded Emeren Group from a "hold" rating to a "sell" rating in a research note on Friday, March 14th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $7.00 price objective on shares of Emeren Group in a research note on Friday, March 14th.
Read Our Latest Stock Report on SOL
Emeren Group Price Performance
The company has a debt-to-equity ratio of 0.11, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a 50-day moving average of $1.55 and a 200-day moving average of $1.68. The stock has a market cap of $96.48 million, a PE ratio of -18.80 and a beta of 2.19.
Institutional Trading of Emeren Group
Several institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Emeren Group during the 4th quarter valued at approximately $80,000. Monaco Asset Management SAM grew its holdings in Emeren Group by 35.7% during the 4th quarter. Monaco Asset Management SAM now owns 1,847,764 shares of the semiconductor company's stock valued at $3,751,000 after buying an additional 486,063 shares in the last quarter. 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, Virtu Financial LLC purchased a new position in Emeren Group during the 1st quarter valued at approximately $47,000. 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.
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