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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
New CBOE “special perk” helps traders target income every weekend (Ad)
How does the Consumer Price Index affect the stock market?
3 reasons to buy AMD before 2024
New CBOE “special perk” helps traders target income every weekend (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
New CBOE “special perk” helps traders target income every weekend (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
New CBOE “special perk” helps traders target income every weekend (Ad)
How does the Consumer Price Index affect the stock market?
3 reasons to buy AMD before 2024
New CBOE “special perk” helps traders target income every weekend (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
New CBOE “special perk” helps traders target income every weekend (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
New CBOE “special perk” helps traders target income every weekend (Ad)
How does the Consumer Price Index affect the stock market?
3 reasons to buy AMD before 2024
New CBOE “special perk” helps traders target income every weekend (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
New CBOE “special perk” helps traders target income every weekend (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 

Emeren Group Stock Price, News & Analysis (NYSE:SOL)

$2.50
+0.04 (+1.62%)
(As of 12/8/2023 ET)
Compare
Today's Range
$2.45
$2.55
50-Day Range
$2.27
$3.21
52-Week Range
$2.20
$5.60
Volume
410,559 shs
Average Volume
484,185 shs
Market Capitalization
$150.85 million
P/E Ratio
50.11
Dividend Yield
N/A
Price Target
$5.80

Emeren Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
131.5% Upside
$5.80 Price Target
Short Interest
Healthy
1.83% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.50mentions of Emeren Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$1.75 M Bought Last Quarter
Proj. Earnings Growth
660.00%
From $0.05 to $0.38 Per Share

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 stars

Oils/Energy Sector

14th out of 209 stocks

Semiconductors & Related Devices Industry

2nd out of 77 stocks


SOL stock logo

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.

SOL Stock Price History

SOL Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix 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.com
617K Reasons To Be Bullish On Emeren Group Stock
ReneSola Ltd (NYSE:SOL) Q3 2023 Earnings Call Transcript
Why Construction Engineering Company Emeren Shares Are Sinking Today
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix 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.com
5 Analysts Have This to Say About Emeren Group
Emeren Group: Q3 Earnings Snapshot
Recap: Emeren Group Q3 Earnings
Emeren Announces Third Quarter 2023 Financial Results
Emeren Group Announces Notice of Annual General Meeting
See More Headlines
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Company Calendar

Last Earnings
12/07/2021
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/26/2024

Industry, Sector and Symbol

Industry
Solar
Sub-Industry
N/A
Employees
197
Year Founded
2005

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-4,670,000.00
Pretax Margin
-2.19%

Debt

Sales & Book Value

Annual Sales
$96.29 million
Cash Flow
$0.17 per share
Book Value
$6.45 per share

Miscellaneous

Free Float
49,372,000
Market Cap
$150.86 million
Optionable
Optionable
Beta
1.97

Social Links

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Key Executives

  • Mr. 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 Pan
    Investor Relations
  • Xin Wang
    Compliance Director
  • Jake Snow
    Human Resources Director
  • Mr. Mac Moore
    Interim Executive Vice President of North America
  • Mr. KaiKai Zhang
    Interim Executive Vice President of China
  • Ms. Rebecca Shen
    Investor Relations Contact
  • Ms. Ella Li
    Investor Relations














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

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