Positive News SentimentPositive News Emeren Group Stock Price, News & Analysis (NYSE:SOL) $2.50 +0.04 (+1.62%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$2.45▼$2.5550-Day Range$2.27▼$3.2152-Week Range$2.20▼$5.60Volume410,559 shsAverage Volume484,185 shsMarket Capitalization$150.85 millionP/E Ratio50.11Dividend YieldN/APrice Target$5.80 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Emeren Group MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside131.5% Upside$5.80 Price TargetShort InterestHealthy1.83% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.50Based on 3 Articles This WeekInsider TradingAcquiring Shares$1.75 M Bought Last QuarterProj. Earnings Growth660.00%From $0.05 to $0.38 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.3.06 out of 5 starsOils/Energy Sector14th out of 209 stocksSemiconductors & Related Devices Industry2nd out of 77 stocks 3.5 Analyst's Opinion Consensus RatingEmeren Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.80, Emeren Group has a forecasted upside of 131.5% from its current price of $2.51.Amount of Analyst CoverageEmeren Group has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.83% 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 2.3, 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 5.77%, 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 3.6 News and Social Media Coverage News SentimentEmeren Group has a news sentiment score of 1.50. 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 0.61 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Emeren Group this week, compared to 2 articles on an average week.Search Interest15 people have searched for SOL on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Emeren Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 $1,751,777.00 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Emeren Group are expected to grow by 660.00% in the coming year, from $0.05 to $0.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Emeren Group is 50.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.16.Price to Earnings Ratio vs. SectorThe P/E ratio of Emeren Group is 50.11, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.44.Price to Book Value per Share RatioEmeren Group has a P/B Ratio of 0.39. 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 Stock (NYSE:SOL)Emeren 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 Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SOL Stock News HeadlinesDecember 9, 2023 | americanbankingnews.comHead to Head Survey: Emeren Group (NYSE:SOL) and Turbo Energy (NASDAQ:TURB)November 30, 2023 | benzinga.comEmeren Group Board Member Trades $434K In Company StockDecember 9, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 30, 2023 | finance.yahoo.comEmeren Group to Participate in Upcoming Investor ConferencesNovember 28, 2023 | benzinga.com617K Reasons To Be Bullish On Emeren Group StockNovember 23, 2023 | msn.comNorthland Capital Markets Downgrades Emeren Group Ltd - ADR (SOL)November 23, 2023 | finance.yahoo.comReneSola Ltd (NYSE:SOL) Q3 2023 Earnings Call TranscriptNovember 22, 2023 | markets.businessinsider.comWhy Construction Engineering Company Emeren Shares Are Sinking TodayDecember 9, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 22, 2023 | msn.comMCAF, ANGH and CUEN after pre-market losers among pre-market losersNovember 22, 2023 | markets.businessinsider.com5 Analysts Have This to Say About Emeren GroupNovember 21, 2023 | sfgate.comEmeren Group: Q3 Earnings SnapshotNovember 21, 2023 | benzinga.comRecap: Emeren Group Q3 EarningsNovember 21, 2023 | finance.yahoo.comEmeren Announces Third Quarter 2023 Financial ResultsNovember 15, 2023 | finance.yahoo.comEmeren (SOL) Inks Deal to Monetize 29 MW of Solar PV ProjectsNovember 14, 2023 | markets.businessinsider.comEmeren Group-Eiffel Investment JV Inks Deal To Sell 29 MWp Solar Portfolio In Spain To RubisNovember 9, 2023 | finance.yahoo.comEmeren Group Sells a 410 MW Battery Energy Storage Portfolio in ItalyNovember 4, 2023 | msn.comAsian Equities Traded in the US as American Depositary Receipts Surge in Friday TradingNovember 4, 2023 | msn.comAsian Equities Traded in the US as American Depositary Receipts Surge in Friday TradingNovember 3, 2023 | finance.yahoo.comEmeren to Release Third Quarter 2023 Financial Results on Nov 21, 2023October 31, 2023 | benzinga.comEmeren Group Stock (NYSE:SOL) Dividends: History, Yield and DatesOctober 27, 2023 | finance.yahoo.comEmeren Group Ltd's (NYSE:SOL) top owners are individual investors with 44% stake, while 33% is held by hedge fundsOctober 24, 2023 | finance.yahoo.comEmeren Group Announces Notice of Annual General MeetingOctober 23, 2023 | finance.yahoo.comSasol Chemicals Introduces Biosurfactant Brands for Personal and Home Care MarketsOctober 10, 2023 | msn.comEmeren completes grid connection of solar energy storage project in ChinaOctober 10, 2023 | finance.yahoo.comEmeren Group Announces Inaugural Solar Energy Storage Project in ChinaOctober 6, 2023 | finance.yahoo.comThe past year for Emeren Group (NYSE:SOL) investors has not been profitableSee 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 Company Calendar Last Earnings12/07/2021Today12/08/2023Fiscal Year End12/31/2023Next Earnings (Estimated)3/26/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Solar Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:SOL CUSIPN/A CIK1417892 Webwww.renesolapower.com Phone(347) 577-9055Fax347-577-9985Employees197Year Founded2005Price Target and Rating Average Stock Price Target$5.80 High Stock Price Target$8.00 Low Stock Price Target$3.20 Potential Upside/Downside+131.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.05 Trailing P/E Ratio50.11 Forward P/E Ratio50.10 P/E GrowthN/ANet Income$-4,670,000.00 Net Margins3.55% Pretax Margin-2.19% Return on Equity3.19% Return on Assets2.52% Debt Debt-to-Equity Ratio0.06 Current Ratio5.40 Quick Ratio5.40 Sales & Book Value Annual Sales$96.29 million Price / Sales1.57 Cash Flow$0.17 per share Price / Cash Flow14.79 Book Value$6.45 per share Price / Book0.39Miscellaneous Outstanding Shares60,225,000Free Float49,372,000Market Cap$150.86 million OptionableOptionable Beta1.97 Social Links The Best High-Yield Dividend Stocks for 2023Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Yumin Liu (Age 60)CEO & Director Mr. Ke Chen (Age 49)Chief Financial Officer Mr. Chee Loong Cheah (Age 58)Chief Investment Officer & Interim CEO for Europe Mr. Johnny PanInvestor RelationsXin WangCompliance DirectorJake SnowHuman Resources DirectorMr. Mac MooreInterim Executive Vice President of North AmericaMr. KaiKai ZhangInterim Executive Vice President of ChinaMs. Rebecca ShenInvestor Relations ContactMs. Ella LiInvestor RelationsMore ExecutivesKey CompetitorsQuickLogicNASDAQ:QUIKTelesatNASDAQ:TSATD-Wave QuantumNYSE:QBTSCeragon NetworksNASDAQ:CRNTCangoNYSE:CANGView All CompetitorsInsiders & InstitutionsShah Capital ManagementBought 147,121 shares on 12/5/2023Total: $360,446.45 ($2.45/share)Shah Capital ManagementBought 7,949 shares on 12/1/2023Total: $18,839.13 ($2.37/share)Shah Capital ManagementBought 33,665 shares on 11/28/2023Total: $77,429.50 ($2.30/share)Shah Capital ManagementBought 99,219 shares on 11/24/2023Total: $232,172.46 ($2.34/share)Shah Capital ManagementBought 168,795 shares on 11/22/2023Total: $384,852.60 ($2.28/share)View All Insider TransactionsView All Institutional Transactions SOL Stock Analysis - Frequently Asked Questions Should I buy or sell Emeren Group stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Emeren Group in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 target for 2024? 4 Wall Street analysts have issued 12-month price targets for Emeren Group's stock. Their SOL share price targets range from $3.20 to $8.00. On average, they anticipate the company's share price to reach $5.80 in the next twelve months. This suggests a possible upside of 131.5% 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 start of the year. Since then, SOL stock has decreased by 44.6% and is now trading at $2.5050. 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 Tuesday, March 26th 2024. View our SOL earnings forecast. How were Emeren Group's earnings last quarter? Emeren Group Ltd (NYSE:SOL) released its quarterly earnings results on Tuesday, December, 7th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.03. The semiconductor company earned $15.54 million during the quarter, compared to the consensus estimate of $20.22 million. Emeren Group had a trailing twelve-month return on equity of 3.19% and a net margin of 3.55%. During the same period last year, the company posted $0.05 earnings per share. 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? Shares of Emeren Group reverse split before market open on 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 closing bell 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. What guidance has Emeren Group issued on next quarter's earnings? Emeren Group issued an update on its fourth quarter 2023 earnings guidance on Tuesday, November, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $50.00 million-$53.00 million, compared to the consensus revenue estimate of $80.48 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). Who are Emeren Group's major shareholders? Emeren Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (4.20%), Legal & General Group Plc (2.15%), Monaco Asset Management SAM (0.92%), GSA Capital Partners LLP (0.89%), Raymond James Financial Services Advisors Inc. (0.19%) and Quadrature Capital Ltd (0.10%). 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. 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 This page (NYSE:SOL) was last updated on 12/9/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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