NYSE:SOL Emeren Group (SOL) Stock Forecast, Price & News $2.87 -0.02 (-0.69%) (As of 04:24 PM ET) Add Compare Share Share Today's Range$2.87▼$2.9850-Day Range$2.89▼$4.1852-Week Range$2.85▼$5.87Volume752,261 shsAverage Volume438,498 shsMarket Capitalization$172.85 millionP/E Ratio11.04Dividend YieldN/APrice Target$8.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Emeren Group MarketRank™ ForecastAnalyst RatingBuy3.25 Rating ScoreUpside/Downside174.9% Upside$8.00 Price TargetShort InterestHealthy1.69% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.89Based on 8 Articles This WeekInsider TradingAcquiring Shares$1.30 M Bought Last QuarterProj. Earnings Growth20.00%From $0.45 to $0.54 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.20 out of 5 starsOils/Energy Sector12th out of 248 stocksSemiconductors & Related Devices Industry5th out of 87 stocks 3.6 Analyst's Opinion Consensus RatingEmeren Group has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.00, Emeren Group has a forecasted upside of 174.9% from its current price of $2.91.Amount of Analyst CoverageEmeren Group has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.69% of the outstanding shares of Emeren Group have been sold short.Short Interest Ratio / Days to CoverEmeren Group has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Emeren Group has recently increased by 6.28%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldEmeren Group does not currently pay a dividend.Dividend GrowthEmeren Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SOL. Previous Next 3.3 News and Social Media Coverage News SentimentEmeren Group has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Emeren Group this week, compared to 2 articles on an average week.Search InterestOnly 6 people have searched for SOL on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.MarketBeat Follows7 people have added Emeren Group to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Emeren Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,300,752.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders18.02% of the stock of Emeren Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions74.86% of the stock of Emeren Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Emeren Group are expected to grow by 20.00% in the coming year, from $0.45 to $0.54 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Emeren Group is 11.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Emeren Group is 11.19, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.95.Price to Book Value per Share RatioEmeren Group has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Emeren Group (NYSE:SOL) StockEmeren Group Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It owns and operates 3 gigawatt pipeline of projects and independent power producer assets. The company also develops community solar gardens; and sells project rights. In addition, it engages in engineering design; procurement of solar modules; balance-of-system components and other components; and construction contracting and management services. Further, the company generates and sells electricity. It operates in China, United States, UK, Spain, France, Poland, Italy, Hungary, and Internationally. The company was formerly known as ReneSola Ltd and changed its name to Emeren Group Ltd in January 2023. Emeren Group Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.Read More SOL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SOL Stock News HeadlinesSeptember 25, 2023 | benzinga.comEmeren Group Director Trades Company's StockSeptember 21, 2023 | benzinga.comMassive Insider Trade At Emeren GroupSeptember 25, 2023 | Behind the Markets (Ad)BREAKING: The truth about war with ChinaForeign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.September 20, 2023 | benzinga.comBoard Member of Emeren Group Makes $432K BuySeptember 19, 2023 | americanbankingnews.comEmeren Group (NYSE:SOL) Lowered to Sell at StockNews.comSeptember 15, 2023 | benzinga.comDirector of Emeren Group Purchased $123K In StockSeptember 15, 2023 | americanbankingnews.comEmeren Group Ltd (NYSE:SOL) Receives $8.00 Consensus Price Target from AnalystsSeptember 12, 2023 | msn.comRoth MKM Maintains Emeren Group Ltd - ADR (SOL) Buy RecommendationSeptember 25, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.September 12, 2023 | benzinga.comEmeren Group Director Makes $382K Stock PurchaseSeptember 11, 2023 | gurufocus.comInsider Buying: Chairman Capital Shah Acquires 119,836 Shares of Emeren Group LtdSeptember 7, 2023 | finance.yahoo.comEmeren Group (NYSE:SOL) May Have Issues Allocating Its CapitalSeptember 6, 2023 | benzinga.comCFO At This Industrials Company Buys $259K of StockSeptember 2, 2023 | msn.comHC Wainwright & Co. Maintains Emeren Group Ltd - ADR (SOL) Buy RecommendationSeptember 2, 2023 | msn.comNorthland Capital Markets Maintains Emeren Group Ltd - ADR (SOL) Outperform RecommendationSeptember 1, 2023 | finance.yahoo.comReneSola Ltd (NYSE:SOL) Q2 2023 Earnings Call TranscriptAugust 31, 2023 | sfgate.comEmeren Group: Q2 Earnings SnapshotAugust 31, 2023 | finance.yahoo.comEmeren Announces Second Quarter 2023 Financial ResultsAugust 30, 2023 | benzinga.comEarnings Preview: Emeren GroupAugust 29, 2023 | finance.yahoo.comEmeren to Participate in ROTH MKM 10th Annual Solar & Storage SymposiumAugust 18, 2023 | msn.comThe Bottom Fishing Club: Emeren GroupAugust 3, 2023 | finance.yahoo.comEmeren to Release Second Quarter 2023 Financial Results on Aug 31, 2023August 2, 2023 | finance.yahoo.comEmeren Group Announces Appointment of Grant Thornton LLP (US) as AuditorJuly 31, 2023 | finance.yahoo.comEmeren Group Announces Sale of First RTB Solar Power Project in GermanyJuly 10, 2023 | finance.yahoo.comEmeren Group Joins the United Nations Global CompactJune 28, 2023 | msn.comEmeren (SOL), Matrix Renewables to Co-Develop Storage FacilityJune 14, 2023 | msn.comMarijuana Stock Movers For June 14, 2023See More Headlines Receive SOL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Emeren Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SOL Company Calendar Last Earnings8/31/2023Today9/25/2023Next Earnings (Estimated)12/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Semiconductors & related devices Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:SOL CUSIPN/A CIK1417892 Webwww.renesolapower.com Phone(347) 577-9055Fax347-577-9985Employees197Year Founded2005Price Target and Rating Average Stock Price Forecast$8.00 High Stock Price Forecast$10.00 Low Stock Price Forecast$6.00 Forecasted Upside/Downside+176.8%Consensus RatingBuy Rating Score (0-4)3.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.26 Trailing P/E Ratio11.12 Forward P/E Ratio6.42 P/E GrowthN/ANet Income$-4,670,000.00 Net Margins13.70% Pretax Margin5.34% Return on Equity3.79% Return on Assets3.01% Debt Debt-to-Equity Ratio0.06 Current Ratio5.48 Quick Ratio5.48 Sales & Book Value Annual Sales$81.41 million Price / Sales2.14 Cash Flow$0.17 per share Price / Cash Flow16.64 Book Value$6.45 per share Price / Book0.45Miscellaneous Outstanding Shares60,220,000Free Float49,372,000Market Cap$174.04 million OptionableOptionable Beta2.06 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Yumin Liu (Age 60)CEO & Director Mr. Ke Chen (Age 49)Chief Financial Officer Mr. John Ewen (Age 53)Chief Exec. Officer of North America Mr. Chee Loong Cheah (Age 58)Chief Investment Officer & Interim CEO for Europe Mr. Johnny PanInvestor RelationsXin WangCompliance DirectorJake SnowHR DirectorMs. Rebecca ShenInvestor Relations ContactMs. Ella LiInvestor RelationsMore ExecutivesKey CompetitorsFTC SolarNASDAQ:FTCIRoth CH Acquisition IVNASDAQ:ROCGMaxeon Solar TechnologiesNASDAQ:MAXNKLX Energy ServicesNASDAQ:KLXEAemetisNASDAQ:AMTXView All CompetitorsInsiders & InstitutionsShah Capital ManagementBought 74,260 shares on 9/18/2023Total: $227,235.60 ($3.06/share)Shah Capital ManagementBought 69,494 shares on 9/15/2023Total: $214,041.52 ($3.08/share)Shah Capital ManagementBought 39,709 shares on 9/13/2023Total: $123,494.99 ($3.11/share)Shah Capital ManagementBought 79,299 shares on 9/8/2023Total: $248,998.86 ($3.14/share)Shah Capital ManagementBought 34,493 shares on 9/6/2023Total: $114,516.76 ($3.32/share)View All Insider TransactionsView All Institutional Transactions SOL Stock - Frequently Asked Questions Should I buy or sell Emeren Group stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Emeren Group in the last year. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SOL shares. View SOL analyst ratings or view top-rated stocks. What is Emeren Group's stock price forecast for 2023? 4 Wall Street analysts have issued 1-year price objectives for Emeren Group's stock. Their SOL share price forecasts range from $6.00 to $10.00. On average, they expect the company's share price to reach $8.00 in the next year. This suggests a possible upside of 176.8% from the stock's current price. View analysts price targets for SOL or view top-rated stocks among Wall Street analysts. How have SOL shares performed in 2023? Emeren Group's stock was trading at $4.52 at the beginning of the year. Since then, SOL shares have decreased by 36.1% and is now trading at $2.89. View the best growth stocks for 2023 here. When is Emeren Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023. View our SOL earnings forecast. How were Emeren Group's earnings last quarter? Emeren Group Ltd (NYSE:SOL) issued its quarterly earnings results on Thursday, August, 31st. The semiconductor company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. The semiconductor company earned $33.85 million during the quarter, compared to analyst estimates of $38.92 million. Emeren Group had a net margin of 13.70% and a trailing twelve-month return on equity of 3.79%. What ETFs hold Emeren Group's stock? ETFs with the largest weight of Emeren Group (NYSE:SOL) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG) and Global X Solar ETF (RAYS).Invesco Solar ETF (TAN). When did Emeren Group's stock split? Emeren Group's stock reverse split on the morning of Friday, February 10th 2017. The 1-5 reverse split was announced on Monday, January 30th 2017. The number of shares owned by shareholders was adjusted after the market closes on Thursday, February 9th 2017. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split. How will Emeren Group's stock buyback program work? Emeren Group declared that its board has approved a share repurchase plan on Monday, December 6th 2021, which allows the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 12.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its shares are undervalued. What guidance has Emeren Group issued on next quarter's earnings? Emeren Group updated its FY 2023 earnings guidance on Friday, September, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $154.00 million-$154.00 million, compared to the consensus revenue estimate of $158.44 million. What is Xian Shou Li's approval rating as Emeren Group's CEO? 34 employees have rated Emeren Group Chief Executive Officer Xian Shou Li on Glassdoor.com. Xian Shou Li has an approval rating of 28% among the company's employees. This puts Xian Shou Li in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Emeren Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other Emeren Group investors own include Co-Diagnostics (CODX), Inovio Pharmaceuticals (INO), Nokia Oyj (NOK), FuelCell Energy (FCEL), Advanced Micro Devices (AMD), SunPower (SPWR), VBI Vaccines (VBIV), First Solar (FSLR), Onconova Therapeutics (ONTX) and OPKO Health (OPK). What is Emeren Group's stock symbol? Emeren Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SOL." Who are Emeren Group's major shareholders? Emeren Group's stock is owned by many different retail and institutional investors. Top institutional investors include Marshall Wace LLP (1.10%), State Street Corp (1.02%), Renaissance Technologies LLC (0.95%), Monaco Asset Management SAM (0.46%), Raymond James Financial Services Advisors Inc. (0.13%) and Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.12%). View institutional ownership trends. How do I buy shares of Emeren Group? Shares of SOL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Emeren Group's stock price today? One share of SOL stock can currently be purchased for approximately $2.89. How much money does Emeren Group make? Emeren Group (NYSE:SOL) has a market capitalization of $174.04 million and generates $81.41 million in revenue each year. The semiconductor company earns $-4,670,000.00 in net income (profit) each year or $0.26 on an earnings per share basis. How many employees does Emeren Group have? The company employs 197 workers across the globe. Does Emeren Group have any subsidiaries? The following companies are subsidiares of Emeren Group: ET Cap PA Holdings LLC (“PA Holdings”) and ET Cap CA Holdings LLC (“CA Holdings”), Nova Development Management, RE PV S.à r.l., RENESOLA SPAIN S.L., ReneSola Consulting (Shanghai) Co. Ltd, ReneSola Investment Management Ltd., ReneSola New Energy S.à r.l, ReneSola Power Canada, ReneSola Power Holdings LLC., Renesola (Zhejiang) PV Power Co. Ltd., Renesola Germany GmbH, Renesola Poksla sp. z o.o., Renesola Power Italy, Renesola Power UK LTD, Renesola Szolgáltató és Kivitelező Kft., Renesolapower France, Sichuan Bobo Electric Power Engineering Ltd., and Zhejiang ReneSola Investment Ltd.Read More How can I contact Emeren Group? Emeren Group's mailing address is 3RD FLOOR 850 CANAL ST, STAMFORD CT, 06902. The official website for the company is www.renesolapower.com. The semiconductor company can be reached via phone at (347) 577-9055, via email at ir@renesolapower.com, or via fax at 347-577-9985. This page (NYSE:SOL) was last updated on 9/25/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Emeren Group Ltd Please log in to your account or sign up in order to add this asset to your watchlist. 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