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NYSE:SOL

Emeren Group (SOL) Stock Forecast, Price & News

$3.04
-0.04 (-1.30%)
(As of 09/21/2023 ET)
Compare
Today's Range
$3.01
$3.09
50-Day Range
$3.08
$4.18
52-Week Range
$3.01
$5.87
Volume
338,284 shs
Average Volume
431,866 shs
Market Capitalization
$183.37 million
P/E Ratio
11.71
Dividend Yield
N/A
Price Target
$8.00

Emeren Group MarketRank™ Forecast

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
162.7% Upside
$8.00 Price Target
Short Interest
Healthy
1.69% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.78mentions of Emeren Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$1.31 M Bought Last Quarter
Proj. Earnings Growth
20.00%
From $0.45 to $0.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.19 out of 5 stars

Oils/Energy Sector

9th out of 237 stocks

Semiconductors & Related Devices Industry

3rd out of 81 stocks


SOL stock logo

About Emeren Group (NYSE:SOL) Stock

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 Price History

SOL Stock News Headlines

Massive Insider Trade At Emeren Group
Board Member of Emeren Group Makes $432K Buy
New Breakthrough "Living Software" Has Been…
New Breakthrough "Living Software" Has Been... Ukraine's "Secret Weapon" Against Russia The Washington Post Reports: "It's a big reason David is beating Goliath..." The Wall Street Journal Reports: "it's a technical revolution." Jeff Bezos Said: "It's in the realm of science fiction." Early investors can reap 5,633% gains on the small company revolutionizing warfare >>>
Emeren Group (NYSE:SOL) Lowered to Sell at StockNews.com
Director of Emeren Group Purchased $123K In Stock
Roth Mkm Lowers Emeren Group (NYSE:SOL) Price Target to $7.00
WARNING: Seven millionaires to trigger sudden market panic?
The next major selloff could be just days away…And seven powerful (yet completely unknown) insiders will be behind it all – and help corporate executives make a killing as it plays out. Here’s the full story.
Emeren Group Director Makes $382K Stock Purchase
Emeren Group (NYSE:SOL) Upgraded to Hold by StockNews.com
CFO At This Industrials Company Buys $259K of Stock
ReneSola Ltd (NYSE:SOL) Q2 2023 Earnings Call Transcript
Emeren Group: Q2 Earnings Snapshot
Emeren Announces Second Quarter 2023 Financial Results
Earnings Preview: Emeren Group
The Bottom Fishing Club: Emeren Group
See More Headlines
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SOL Company Calendar

Last Earnings
12/07/2021
Today
9/21/2023
Next Earnings (Estimated)
12/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
197
Year Founded
2005

Price Target and Rating

Average Stock Price Forecast
$8.00
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+163.2%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$-4,670,000.00
Pretax Margin
5.34%

Debt

Sales & Book Value

Annual Sales
$81.41 million
Cash Flow
$0.17 per share
Book Value
$6.45 per share

Miscellaneous

Free Float
49,372,000
Market Cap
$183.07 million
Optionable
Optionable
Beta
2.06

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Key Executives

  • Mr. 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 Pan
    Investor Relations
  • Xin Wang
    Compliance Director
  • Jake Snow
    HR Director
  • Ms. Rebecca Shen
    Investor Relations Contact
  • Ms. Ella Li
    Investor Relations













SOL Stock - Frequently Asked Questions

Should I buy or sell Emeren Group stock right now?

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.
View SOL analyst ratings
or view top-rated stocks.

What is Emeren Group's stock price forecast for 2023?

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.

How have SOL shares performed in 2023?

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.
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) 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.

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 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.

How will Emeren Group's stock buyback program work?

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.

What guidance has Emeren Group issued on next quarter's earnings?

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.

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 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
.

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 $3.04.

How much money does Emeren Group make?

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.

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 9/21/2023 by MarketBeat.com Staff

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