Emeren Group (SOL) Stock Forecast, Price & News

4 Wall Street 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 analysts is that investors should "buy" SOL shares.
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4 brokers have issued 12 month target prices for Emeren Group's shares. Their SOL share price forecasts range from $6.00 to $10.00. On average, they anticipate the company's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 163.2% from the stock's current price.
View analysts price targets for SOL or view top-rated stocks among Wall Street analysts.

Emeren Group's stock was trading at $4.52 at the beginning of 2023. Since then, SOL shares have decreased by 32.7% and is now trading at $3.04.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our SOL earnings forecast.

Emeren Group Ltd (NYSE:SOL) released its earnings results on Tuesday, December, 7th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by $0.03. The semiconductor company had revenue of $15.54 million for the quarter, compared to analysts' expectations of $20.22 million. Emeren Group had a net margin of 13.70% and a trailing twelve-month return on equity of 3.79%. During the same period in the prior year, the business earned $0.05 earnings per share.

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).

Emeren Group shares 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.

Emeren Group declared that its board has initiated a stock repurchase program on Monday, December 6th 2021, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 12.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Emeren Group issued an update on its FY 2023 earnings guidance on Friday, September, 1st. The company provided 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.

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.

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).

Emeren Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SOL."

Emeren Group's stock is owned by many different institutional and retail 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.

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.
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One share of SOL stock can currently be purchased for approximately $3.04.

Emeren Group (NYSE:SOL) has a market capitalization of $183.07 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.

The company employs 197 workers across the globe.

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.