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T   15.21 (-3.86%)
F   12.38 (+2.23%)
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NYSE:SOL

Emeren Group (SOL) Stock Forecast, Price & News

$3.84
+0.33 (+9.40%)
(As of 06/2/2023 ET)
Compare
Today's Range
$3.53
$3.89
50-Day Range
$3.35
$4.45
52-Week Range
$3.06
$7.50
Volume
855,565 shs
Average Volume
380,923 shs
Market Capitalization
$231.24 million
P/E Ratio
42.67
Dividend Yield
N/A
Price Target
$9.25

Emeren Group MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
140.9% Upside
$9.25 Price Target
Short Interest
Healthy
1.94% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.37mentions of Emeren Group in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
55.88%
From $0.34 to $0.53 Per Share

Overall MarketRank

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

2.86 out of 5 stars

Oils/Energy Sector

43rd out of 245 stocks

Semiconductors & Related Devices Industry

9th out of 87 stocks


SOL stock logo

About Emeren Group (NYSE:SOL) Stock

Emeren 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.

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SOL Stock News Headlines

Shoals Technology is an EV and Solar Play Just Getting Started (SOL)
Shoals Technologies Group Inc. (NASDAQ: SHLS) is an electrical balance of system (EBOS) solutions provider for the solar, energy storage, and electric vehicle
Avoid the upcoming bloodbath
By this time next year, millions of retirees are going to be so broke they'll struggle to keep the heat running, and may have to make hard decisions about which medications they can afford. It's all because of an upcoming government announcement that could make last year's record breaking 7% inflation look like nothing. Get the details that could keep your money safe here >>>
Emeren Group (NYSE:SOL) Issues Earnings Results
Avoid the upcoming bloodbath
By this time next year, millions of retirees are going to be so broke they'll struggle to keep the heat running, and may have to make hard decisions about which medications they can afford. It's all because of an upcoming government announcement that could make last year's record breaking 7% inflation look like nothing. Get the details that could keep your money safe here >>>
Emeren Group: Q1 Earnings Snapshot
Emeren Group: Q1 Earnings Insights
SOL - ReneSola Ltd
Emeren Group's Earnings Outlook
Emeren Group (SOL) Scheduled to Post Earnings on Wednesday
Emeren Group (NYSE:SOL) Raised to "Hold" at StockNews.com
Emeren Group to File 2022 Annual Report 20F
See More Headlines

SOL Price History

SOL Company Calendar

Last Earnings
5/31/2023
Today
6/02/2023
Next Earnings (Estimated)
9/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
147
Year Founded
2005

Price Target and Rating

Average Stock Price Forecast
$9.25
High Stock Price Forecast
$9.50
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+140.9%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$-4,670,000.00
Pretax Margin
-4.29%

Debt

Sales & Book Value

Annual Sales
$81.41 million
Cash Flow
$0.20 per share
Book Value
$6.45 per share

Miscellaneous

Free Float
49,372,000
Market Cap
$231.24 million
Optionable
Optionable
Beta
2.02

Social Links


Key Executives

  • Yumin Liu
    Chief Executive Officer & Director
  • Ke Chen
    Chief Financial Officer
  • Stephen Huang
    Senior Vice President
  • Xiao Shu Bai
    Chief Strategy Officer
  • Charles Ding
    Vice President-Global Sourcing













SOL Stock - Frequently Asked Questions

Should I buy or sell Emeren Group stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Emeren Group in the last twelve months. There are currently 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 forecast for 2023?

3 Wall Street research analysts have issued 1 year target prices for Emeren Group's shares. Their SOL share price forecasts range from $9.00 to $9.50. On average, they predict the company's stock price to reach $9.25 in the next twelve months. This suggests a possible upside of 140.9% 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 at the start of the year. Since then, SOL shares have decreased by 15.0% and is now trading at $3.84.
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 Wednesday, September 6th 2023.
View our SOL earnings forecast
.

How were Emeren Group's earnings last quarter?

Emeren Group Ltd (NYSE:SOL) posted its quarterly earnings results on Wednesday, May, 31st. The semiconductor company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The semiconductor company had revenue of $12.88 million for the quarter, compared to the consensus estimate of $30.72 million. Emeren Group had a net margin of 8.15% and a trailing twelve-month return on equity of 1.28%. During the same quarter last year, the business earned ($0.03) earnings per share.

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 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 announced that its board has approved a share repurchase plan on Monday, December 6th 2021, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 12.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are 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."

Who are Emeren Group's major shareholders?

Emeren Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (4.33%), BlackRock Inc. (0.69%), Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.25%), Bank of America Corp DE (0.22%), Renaissance Technologies LLC (0.20%) and Harel Insurance Investments & Financial Services Ltd. (0.19%).
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 $3.84.

How much money does Emeren Group make?

Emeren Group (NYSE:SOL) has a market capitalization of $231.24 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 $0.09 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 6/2/2023 by MarketBeat.com Staff

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