NYSE:SOL Emeren Group (SOL) Stock Forecast, Price & News $3.84 +0.33 (+9.40%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$3.53▼$3.8950-Day Range$3.35▼$4.4552-Week Range$3.06▼$7.50Volume855,565 shsAverage Volume380,923 shsMarket Capitalization$231.24 millionP/E Ratio42.67Dividend YieldN/APrice Target$9.25 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Emeren Group MarketRank™ ForecastAnalyst RatingBuy3.33 Rating ScoreUpside/Downside140.9% Upside$9.25 Price TargetShort InterestHealthy1.94% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.37Based on 22 Articles This WeekInsider TradingN/AProj. Earnings Growth55.88%From $0.34 to $0.53 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.2.86 out of 5 starsOils/Energy Sector43rd out of 245 stocksSemiconductors & Related Devices Industry9th out of 87 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 140.9% from its current price of $3.84.Amount of Analyst CoverageEmeren Group has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.94% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Emeren Group has recently decreased by 0.85%, indicating that investor sentiment is improving. 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 2.4 News and Social Media Coverage News SentimentEmeren Group has a news sentiment score of 0.37. 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 0.63 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 22 news articles for Emeren Group this week, compared to 3 articles on an average week.Search Interest10 people have searched for SOL on MarketBeat in the last 30 days. This is an increase of 233% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Emeren Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% 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 55.88% in the coming year, from $0.34 to $0.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Emeren Group is 42.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Emeren Group is 42.67, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 52.82.Price to Book Value per Share RatioEmeren Group has a P/B Ratio of 0.60. 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 HeadlinesMay 9, 2023 | marketbeat.comShoals 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 vehicleJune 2, 2023 | americanbankingnews.comFY2024 EPS Estimates for Emeren Group Ltd Raised by Analyst (NYSE:SOL)June 2, 2023 | Behind the Markets (Ad)Avoid the upcoming bloodbathBy 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 >>>June 2, 2023 | msn.comHC Wainwright & Co. Reiterates Emeren Group Ltd - ADR (SOL) Buy RecommendationJune 2, 2023 | americanbankingnews.comEmeren Group Ltd (NYSE:SOL) Expected to Earn Q2 2023 Earnings of $0.10 Per ShareJune 1, 2023 | finance.yahoo.comDown -15.62% in 4 Weeks, Here's Why Emeren Group (SOL) Looks Ripe for a TurnaroundJune 1, 2023 | americanbankingnews.comEmeren Group (NYSE:SOL) Issues Earnings ResultsJune 1, 2023 | finance.yahoo.comEmeren (SOL) Q1 Earnings Rise Y/Y, Revenues Miss EstimatesJune 2, 2023 | Behind the Markets (Ad)Avoid the upcoming bloodbathBy 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 >>>May 31, 2023 | washingtonpost.comEmeren Group: Q1 Earnings SnapshotMay 31, 2023 | msn.comEmeren Group: Q1 Earnings InsightsMay 31, 2023 | finance.yahoo.comEmeren Announces First Quarter 2023 Financial ResultsMay 31, 2023 | uk.finance.yahoo.comSOL - ReneSola LtdMay 31, 2023 | finance.yahoo.comEmeren (SOL) Finalizes 58MW Solar Project Sale in PolandMay 30, 2023 | msn.comEmeren Group Q1 2023 Earnings PreviewMay 30, 2023 | msn.comEmeren Group's Earnings OutlookMay 30, 2023 | finance.yahoo.comDown -17.48% in 4 Weeks, Here's Why Emeren Group (SOL) Looks Ripe for a TurnaroundMay 30, 2023 | finance.yahoo.comEmeren Group Completed Sale of 58 MW of Solar Projects in PolandMay 30, 2023 | finance.yahoo.comWhy Emeren (SOL) Might Surprise This Earnings SeasonMay 30, 2023 | americanbankingnews.comEmeren Group (SOL) Scheduled to Post Quarterly Earnings on WednesdayMay 29, 2023 | americanbankingnews.comEmeren Group (SOL) Scheduled to Post Earnings on WednesdayMay 23, 2023 | americanbankingnews.comEmeren Group (NYSE:SOL) Raised to "Hold" at StockNews.comMay 19, 2023 | finance.yahoo.comEmeren to Release First Quarter 2023 Financial Results on May 31, 2023May 18, 2023 | msn.comCannabis Stock Gainers And Losers From May 18, 2023May 16, 2023 | finance.yahoo.comEmeren Group to File 2022 Annual Report 20FMay 15, 2023 | americanbankingnews.comEmeren Group (NYSE:SOL) Rating Lowered to Sell at StockNews.comMay 3, 2023 | americanbankingnews.comEmeren Group (NYSE:SOL) Upgraded to "Hold" at StockNews.comSee More Headlines SOL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SOL Company Calendar Last Earnings5/31/2023Today6/02/2023Next Earnings (Estimated)9/06/2023Fiscal 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+140.9%Consensus RatingBuy Rating Score (0-4)3.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.09 Trailing P/E Ratio42.67 Forward P/E Ratio11.29 P/E GrowthN/ANet Income$-4,670,000.00 Net Margins8.15% Pretax Margin-4.29% Return on Equity1.28% Return on Assets1.05% Debt Debt-to-Equity Ratio0.10 Current Ratio5.10 Quick Ratio5.10 Sales & Book Value Annual Sales$81.41 million Price / Sales2.84 Cash Flow$0.20 per share Price / Cash Flow19.28 Book Value$6.45 per share Price / Book0.60Miscellaneous Outstanding Shares60,220,000Free Float49,372,000Market Cap$231.24 million OptionableOptionable Beta2.02 Social Links Key ExecutivesYumin LiuChief Executive Officer & DirectorKe ChenChief Financial OfficerStephen HuangSenior Vice PresidentXiao Shu BaiChief Strategy OfficerCharles DingVice President-Global SourcingKey CompetitorsFreedom Acquisition INYSE:FACTTigo EnergyNASDAQ:TYGORoth CH Acquisition IVNASDAQ:ROCGFTC SolarNASDAQ:FTCIIris EnergyNASDAQ:IRENView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 46,188 shares on 5/26/2023Ownership: 0.077%JPMorgan Chase & Co.Bought 16,769 shares on 5/18/2023Ownership: 0.028%State Street CorpBought 75,715 shares on 5/16/2023Ownership: 4.331%Apollon Wealth Management LLCBought 20,000 shares on 5/16/2023Ownership: 0.066%Susquehanna International Group LLPSold 69,800 shares on 5/16/2023Ownership: 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 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. 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 Solar ETF (TAN), Invesco Raymond James SB-1 Equity ETF (RYJ), 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? 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 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. 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. 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