Emeren Group Ltd. Sponsored ADR (NYSE:SOL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.67 and traded as high as $1.92. Emeren Group shares last traded at $1.92, with a volume of 181,957 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Emeren Group from a "sell" rating to a "hold" rating in a report on Saturday, July 5th.
Check Out Our Latest Stock Report on Emeren Group
Emeren Group Trading Down 0.5%
The company has a market capitalization of $95.46 million, a PE ratio of -18.60 and a beta of 2.12. The company's fifty day moving average is $1.84 and its 200-day moving average is $1.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.03 and a quick ratio of 4.03.
Hedge Funds Weigh In On Emeren Group
Several institutional investors and hedge funds have recently bought and sold shares of SOL. Virtu Financial LLC purchased a new stake in shares of Emeren Group during the first quarter valued at $47,000. Raymond James Financial Inc. acquired a new position in Emeren Group during the fourth quarter valued at $80,000. Invesco Ltd. lifted its position in 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 purchasing an additional 165,902 shares during the period. Finally, Monaco Asset Management SAM lifted its position in 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 purchasing an additional 157,388 shares during the period. 44.08% of the stock is owned by hedge funds and other institutional investors.
About Emeren Group
(
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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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