Emeren Group (SOL) to Release Quarterly Earnings on Wednesday

Emeren Group (NYSE:SOLGet Rating) is set to post its quarterly earnings results after the market closes on Wednesday, May 31st. Analysts expect Emeren Group to post earnings of $0.04 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Emeren Group (NYSE:SOLGet Rating) last released its quarterly earnings data on Tuesday, March 28th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $40.80 million during the quarter, compared to analysts’ expectations of $46.59 million. Emeren Group had a return on equity of 0.89% and a net margin of 7.25%. On average, analysts expect Emeren Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Emeren Group Stock Performance

Shares of NYSE:SOL opened at $3.68 on Wednesday. The company has a market cap of $221.61 million, a P/E ratio of 40.89 and a beta of 2.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.10 and a current ratio of 5.10. Emeren Group has a one year low of $3.47 and a one year high of $7.50. The business’s 50-day simple moving average is $4.06 and its 200 day simple moving average is $4.51.

Hedge Funds Weigh In On Emeren Group

Several large investors have recently made changes to their positions in the business. ProShare Advisors LLC bought a new position in shares of Emeren Group during the 1st quarter worth approximately $206,000. Apollon Wealth Management LLC lifted its position in shares of Emeren Group by 100.0% during the 1st quarter. Apollon Wealth Management LLC now owns 40,000 shares of the semiconductor company’s stock worth $178,000 after buying an additional 20,000 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Emeren Group during the 1st quarter valued at $157,000. Atria Wealth Solutions Inc. acquired a new stake in Emeren Group during the 1st quarter valued at $157,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Emeren Group during the 4th quarter valued at $155,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Emeren Group from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $9.25.

Emeren Group Company Profile

(Get Rating)

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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Earnings History for Emeren Group (NYSE:SOL)

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