NYSE:SOL Emeren Group - SOL Stock Forecast, Price & News 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. $4.45 +0.14 (+3.25%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$4.26▼$4.4550-Day Range$4.04▼$5.4552-Week Range$3.46▼$7.50Volume517,980 shsAverage Volume425,051 shsMarket Capitalization$267.98 millionP/E Ratio49.45Dividend YieldN/APrice Target$9.25 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Emeren Group MarketRank™ ForecastAnalyst RatingBuy3.33 Rating ScoreUpside/Downside107.9% Upside$9.25 Price TargetShort InterestHealthy1.76% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.10Based on 23 Articles This WeekInsider TradingN/AProj. Earnings Growth67.74%From $0.31 to $0.52 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.2.66 out of 5 starsOils/Energy Sector62nd out of 239 stocksSemiconductors & Related Devices Industry14th out of 88 stocks 3.7 Analyst's Opinion Consensus RatingEmeren Group has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.25, Emeren Group has a forecasted upside of 107.9% from its current price of $4.45.Amount of Analyst CoverageEmeren Group has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.76% 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 2.5, 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 7.37%, 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 1.6 News and Social Media Coverage News SentimentEmeren Group has a news sentiment score of -0.10. 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 lower news sentiment than the 0.41 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 23 news articles for Emeren Group this week, compared to 2 articles on an average week.Search InterestOnly 7 people have searched for SOL on MarketBeat in the last 30 days. This is a decrease of -61% compared to the previous 30 days.MarketBeat Follows14 people have added Emeren Group to their MarketBeat watchlist in the last 30 days. This is an increase of 367% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Emeren Group insiders have not sold or bought any 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. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Emeren Group are expected to grow by 67.74% in the coming year, from $0.31 to $0.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Emeren Group is 49.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Emeren Group is 49.45, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 82.72.Price to Book Value per Share RatioEmeren Group has a P/B Ratio of 0.67. 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. is a pure solar project developer and operator. The firm is focused on solar power project development, construction management, and project financing services. Its projects include U.S. RP-MN portfolio, Siedliska, Membury, Field House, Zhejiang, and Jiangsu. The company was founded in 2005 and is headquartered in Stamford, CT.Read More 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 Stock News HeadlinesApril 1, 2023 | finance.yahoo.comInvestors in Emeren Group (NYSE:SOL) have made a fantastic return of 333% over the past three yearsApril 1, 2023 | americanbankingnews.comResearch Analysts Offer Predictions for Emeren Group Ltd's Q1 2023 Earnings (NYSE:SOL)April 2, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 31, 2023 | americanbankingnews.comEmeren Group (NYSE:SOL) Lowered to "Sell" at StockNews.comMarch 31, 2023 | americanbankingnews.comEmeren Group (NYSE:SOL) vs. Ambarella (NASDAQ:AMBA) Financial ComparisonMarch 30, 2023 | americanbankingnews.comQ1 2023 Earnings Estimate for Emeren Group Ltd (NYSE:SOL) Issued By Northland CapmkMarch 29, 2023 | markets.businessinsider.comRenesola (SOL) Receives a Rating Update from a Top AnalystMarch 29, 2023 | nz.finance.yahoo.comEmeren Group Ltd (SOL)April 2, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 28, 2023 | seekingalpha.comSOL Emeren Group LtdMarch 28, 2023 | finance.yahoo.comEmeren Announces Fourth Quarter and Full Year 2022 Financial ResultsMarch 28, 2023 | wsj.comEmeren Group Ltd. ADRMarch 26, 2023 | americanbankingnews.comEmeren Group (SOL) to Release Earnings on TuesdayMarch 25, 2023 | americanbankingnews.comFinancial Survey: Emeren Group (NYSE:SOL) versus WiSA Technologies (NASDAQ:WISA)March 11, 2023 | finance.yahoo.comEmeren Issues Statement Regarding Silicon Valley BankMarch 6, 2023 | finance.yahoo.comEmeren to Release Fourth Quarter and Full Year 2022 Financial Results on March 28, 2023March 1, 2023 | finance.yahoo.comEmeren to Participate at the 35th Annual Roth ConferenceFebruary 22, 2023 | money.usnews.comEmeren Group Ltd - ADRFebruary 13, 2023 | marketwatch.comGlobal Photovoltaic Solar Panel Market Technology advancement and Latest Research Report 2023-2027February 10, 2023 | marketwatch.comHalf Cell Solar Panels Market Demand, Share, Key Players, Size, Growth Analysis, and Forecast 2028February 1, 2023 | finance.yahoo.comWhat Makes ReneSola (SOL) a New Strong Buy StockFebruary 1, 2023 | finance.yahoo.comEmeren Announces Appointment of Marcum Asia as AuditorJanuary 30, 2023 | finance.yahoo.comZacks.com featured highlights Live Nation Entertainment, Fastenal, BigCommerce, Telefonica Brasil and RenesolaJanuary 30, 2023 | finance.yahoo.comReneSola Power Announces Rebranding and Changes Name to EmerenJanuary 30, 2023 | finance.yahoo.comEmeren launches as new name for ReneSola, with unchanged ticker symbolJanuary 27, 2023 | finance.yahoo.comForget Bargain Hunting, Buy 5 Stocks With Rising P/EJanuary 16, 2023 | finance.yahoo.comReturns Are Gaining Momentum At ReneSola (NYSE:SOL)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Earnings12/07/2021Today4/01/2023Next Earnings (Estimated)6/06/2023Fiscal 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) 577-9055Fax347-577-9985Employees147Year Founded2005Price Target and Rating Average Stock Price Forecast$9.25 High Stock Price Forecast$9.50 Low Stock Price Forecast$9.00 Forecasted Upside/Downside+107.9%Consensus RatingBuy Rating Score (0-4)3.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.09 Trailing P/E Ratio49.45 Forward P/E Ratio14.35 P/E GrowthN/ANet Income$6.86 million Net Margins7.25% Pretax Margin-0.82% Return on Equity0.87% Return on Assets0.74% Debt Debt-to-Equity Ratio0.05 Current Ratio6.23 Quick Ratio6.23 Sales & Book Value Annual Sales$81.41 million Price / Sales3.29 Cash Flow$0.31 per share Price / Cash Flow14.56 Book Value$6.68 per share Price / Book0.67Miscellaneous Outstanding Shares60,220,000Free Float49,372,000Market Cap$267.98 million OptionableOptionable Beta2.00 Social Links Key ExecutivesYumin LiuChief Executive Officer & DirectorKe ChenChief Financial OfficerStephen HuangSenior Vice PresidentXiao Shu BaiChief Strategy OfficerCharles DingVice President-Global SourcingKey CompetitorsFTC SolarNASDAQ:FTCIRanger Energy ServicesNYSE:RNGRForum Energy TechnologiesNYSE:FETAmplify EnergyNYSE:AMPYRGC ResourcesNASDAQ:RGCOView All CompetitorsInsiders & InstitutionsMillennium Management LLCBought 2,063,968 shares on 2/15/2023Ownership: 3.601%Legal & General Group PlcBought 178,651 shares on 2/15/2023Ownership: 1.600%Man Group plcBought 301,106 shares on 2/15/2023Ownership: 0.500%Apollon Wealth Management LLCBought 20,000 shares on 2/15/2023Ownership: 0.033%Belvedere Trading LLCBought 400 shares on 2/15/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SOL Stock - Frequently Asked Questions Should I buy or sell Emeren Group stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Emeren Group in the last year. There are currently 2 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? 3 equities research analysts have issued 1-year price targets for Emeren Group's shares. Their SOL share price forecasts range from $9.00 to $9.50. On average, they expect the company's stock price to reach $9.25 in the next year. This suggests a possible upside of 107.9% 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 on January 1st, 2023. Since then, SOL stock has decreased by 1.5% and is now trading at $4.45. 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, June 6th 2023. View our SOL earnings forecast. How were Emeren Group's earnings last quarter? Emeren Group Ltd (NYSE:SOL) posted its quarterly earnings data on Tuesday, December, 7th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 7.25% and a trailing twelve-month return on equity of 0.87%. During the same quarter in the previous year, the company earned $0.05 EPS. 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), Invesco WilderHill Clean Energy ETF (PBW), SPDR S&P Kensho Clean Power ETF (CNRG), Invesco Raymond James SB-1 Equity ETF (RYJ), Invesco Solar ETF (TAN), SPDR S&P Kensho New Economies Composite ETF (KOMP), Global X Solar ETF (RAYS) and KraneShares MSCI China Clean Technology Index ETF (KGRN). When did Emeren Group's stock split? Emeren Group shares 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 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 of Directors has initiated a share repurchase plan on Monday, December 6th 2021, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 12.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors 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 Wednesday, March, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $140.00 million-$160.00 million, compared to the consensus revenue estimate of $145.92 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." 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 $4.45. How much money does Emeren Group make? Emeren Group (NYSE:SOL) has a market capitalization of $267.98 million and generates $81.41 million in revenue each year. The semiconductor company earns $6.86 million in net income (profit) each year or $0.09 on an earnings per share basis. How many employees does Emeren Group have? The company employs 147 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 4/2/2023 by MarketBeat.com Staff 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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