Emeren Group (NYSE:SOL) Stock Rating Upgraded by Wall Street Zen

Emeren Group (NYSE:SOL - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other analysts have also issued reports on SOL. HC Wainwright reissued a "buy" rating and set a $7.00 target price on shares of Emeren Group in a report on Friday, March 14th. Roth Mkm reduced 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.

Emeren Group Stock Performance

SOL opened at $1.91 on Friday. The firm has a market cap of $97.82 million, a P/E ratio of -19.06 and a beta of 2.17. Emeren Group has a 52-week low of $1.04 and a 52-week high of $3.00. 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 business's fifty day moving average is $1.67 and its 200-day moving average is $1.68.

Hedge Funds Weigh In On Emeren Group

A number of hedge funds have recently made changes to their positions in the stock. Monaco Asset Management SAM increased its holdings in Emeren Group by 35.7% in the fourth quarter. Monaco Asset Management SAM now owns 1,847,764 shares of the semiconductor company's stock worth $3,751,000 after purchasing an additional 486,063 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Emeren Group in the fourth quarter worth approximately $80,000. Invesco Ltd. increased its holdings in Emeren Group by 26.5% in the fourth quarter. Invesco Ltd. now owns 792,148 shares of the semiconductor company's stock worth $1,608,000 after purchasing an additional 165,902 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Emeren Group in the first quarter worth approximately $47,000. 44.08% of the stock is currently owned by institutional investors.

Emeren Group Company Profile

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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