Emeren Group (SOL) Projected to Post Quarterly Earnings on Thursday

Emeren Group (NYSE:SOL - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 22nd. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $13.62 million for the quarter. Emeren Group has set its FY 2025 guidance at EPS.

Emeren Group (NYSE:SOL - Get Free Report) last released its earnings results on Thursday, March 13th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.31). The firm had revenue of $34.60 million for the quarter, compared to analyst estimates of $40.13 million. Emeren Group had a negative return on equity of 2.05% and a negative net margin of 7.14%. During the same period in the previous year, the firm earned ($0.15) earnings per share. On average, analysts expect Emeren Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Emeren Group Trading Down 1.4%

Shares of SOL opened at $1.58 on Thursday. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.10. Emeren Group has a 1-year low of $1.04 and a 1-year high of $3.00. The business's 50-day moving average price is $1.44 and its 200 day moving average price is $1.76. The stock has a market capitalization of $80.85 million, a P/E ratio of -12.13 and a beta of 2.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. HC Wainwright reissued a "buy" rating and issued a $7.00 price objective on shares of Emeren Group in a research report on Friday, March 14th. StockNews.com lowered Emeren Group from a "hold" rating to a "sell" rating in a research note on Friday, March 14th. Finally, Roth Mkm decreased their target price on Emeren Group from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Four investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Based on data from MarketBeat, Emeren Group presently has a consensus rating of "Hold" and a consensus price target of $4.13.

About Emeren Group

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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