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 twelve months. There are currently 1 hold rating, 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 target for 2024?

4 Wall Street analysts have issued 12 month price targets for Emeren Group's stock. Their SOL share price targets range from $3.20 to $8.00. On average, they anticipate the company's stock price to reach $5.80 in the next twelve months. This suggests a possible upside of 211.8% 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 2024?

Emeren Group's stock was trading at $2.73 at the beginning of the year. Since then, SOL shares have decreased by 31.9% and is now trading at $1.86. View the best growth stocks for 2024 here .

When is Emeren Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024. View our SOL earnings forecast .

How were Emeren Group's earnings last quarter?

Emeren Group Ltd (NYSE:SOL) released its quarterly earnings data on Tuesday, December, 7th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.03. The semiconductor company earned $15.54 million during the quarter, compared to analyst estimates of $20.22 million. Emeren Group had a positive trailing twelve-month return on equity of 0.26% and a negative net margin of 8.91%. During the same quarter last year, the firm earned $0.05 EPS.

What ETF holds Emeren Group's stock?

ProShares S&P Kensho Cleantech ETF holds 23,368 shares of SOL stock, representing 1.32% of its portfolio.

When did Emeren Group's stock split?

Shares of Emeren Group reverse split 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 closing bell 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.

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

Emeren Group updated its FY 2024 earnings guidance on Thursday, March, 28th. The company provided EPS guidance of 0.500- for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of $150.0 million-$160.0 million, compared to the consensus revenue estimate of $148.7 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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NYSE:SOL

Emeren Group (SOL) Stock Price, News & Analysis

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Free SOL Stock Alerts

$1.86

-0.15 (-7.46%)

(As of 04/15/2024 ET)

Compare

Today's Range: $1.85
▼
$2.04
50-Day Range: $1.59
▼
$2.37
52-Week Range: $1.54
▼
$4.46

Volume: 383,683 shs
Average Volume: 637,683 shs
Market Capitalization: $112.01 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.80

Get Emeren Group alerts:

Emeren Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 211.8% Upside
$5.80 Price Target
Short Interest: Healthy
3.06% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.94
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 65.79%
From $0.38 to $0.63 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.94 out of 5 stars

Oils/Energy Sector

68th out of 242 stocks

Semiconductors & Related Devices Industry

30th out of 90 stocks

3.5

Analyst's Opinion

Consensus Rating
Emeren Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Emeren Group has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.06% of the outstanding shares of Emeren Group have been sold short.
Short Interest Ratio / Days to Cover
Emeren Group has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Emeren Group has recently decreased by 0.54%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Emeren Group does not currently pay a dividend.
Dividend Growth
Emeren Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SOL.

3.9

News and Social Media Coverage

News Sentiment
Emeren Group has a news sentiment score of 0.94. 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 higher news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Emeren Group this week, compared to 2 articles on an average week.
Search Interest
20 people have searched for SOL on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
5 people have added Emeren Group to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Emeren Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
18.02% of the stock of Emeren Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
44.08% of the stock of Emeren Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Emeren Group are expected to grow by 65.79% in the coming year, from $0.38 to $0.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Emeren Group is -10.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Emeren Group is -10.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Emeren Group has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Emeren Group Stock (NYSE:SOL)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SOL Stock News Headlines

April 9, 2024 | seekingalpha.com

Emeren Group: Over-Optimism Should Be Set Aside

April 9, 2024 | finance.yahoo.com

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April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 8, 2024 | americanbankingnews.com

Northland Capmk Equities Analysts Boost Earnings Estimates for Emeren Group Ltd (NYSE:SOL)

April 6, 2024 | americanbankingnews.com

Emeren Group Ltd (NYSE:SOL) Expected to Post Q1 2024 Earnings of ($0.01) Per Share

April 4, 2024 | benzinga.com

Solana Interoperability Layer Zeus Network Raises Token Round at $100 Million Valuation

April 4, 2024 | msn.com

'Jeo Boden' Meme Coin Clocks New All-Time High On 56% Daily Surge: '$1B Market Cap Is Absolute FUD,' Exclaims Trader

April 2, 2024 | msn.com

Solana 'Looks Hungry' To Replace BNB As Third 'Non-Stablecoin' After Bitcoin And Ethereum, Says Former ARK Invest Crypto Lead

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 2, 2024 | msn.com

Solana Founder Announces New Coin As April Fools' Prank—And A Mimic Token Surfaces, Soaring 4000%

April 1, 2024 | msn.com

Emeren guides for growth in 2024 despite larger year-earlier loss

April 1, 2024 | markets.businessinsider.com

Maintained Buy Rating on Emeren Group Amidst Conservative 2024 Outlook and Strategic Initiatives

April 1, 2024 | finance.yahoo.com

ReneSola Ltd (NYSE:SOL) Q4 2023 Earnings Call Transcript

March 31, 2024 | seekingalpha.com

Emeren Group Ltd. (SOL) Q4 2023 Earnings Call Transcript

March 29, 2024 | msn.com

Invest In Altcoins Now Or Wait? What Experts Say Might Surprise You

March 29, 2024 | finance.yahoo.com

Emeren Group Ltd (SOL) Earnings: A Mixed Outcome Compared to Analyst Expectations

March 28, 2024 | prnewswire.com

Emeren Announces Fourth Quarter and Full Year 2023 Financial Results

March 27, 2024 | benzinga.com

Earnings Outlook For Emeren Group

March 20, 2024 | finance.yahoo.com

SOL Jul 2024 2.500 call

March 19, 2024 | msn.com

Solana, BOME Buzz On Social Media Despite Price Plunge: What's Going On?

March 18, 2024 | prnewswire.com

Emeren to Release Fourth Quarter and Full Year 2023 Financial Results on March 28, 2024

March 18, 2024 | msn.com

Solana Chases All-Time Highs With 8% Gain As Whale Deposits $39.85M SOL Into Binance

March 18, 2024 | msn.com

Elon Musk Posted A Photo Of His Dog Wearing A Hat On St. Patrick's Day And Now Dogwifhat Is Surging 32% — Leaving DOGE, SHIB In The Dust

March 16, 2024 | finance.yahoo.com

SOL Apr 2024 5.000 put

March 15, 2024 | msn.com

Emeren, Glennmont Partners to develop battery storage projects in Italy

March 15, 2024 | finance.yahoo.com

Emeren Group and Glennmont to Develop 155 MW of Battery Storage Projects in Italy

March 14, 2024 | msn.com

Glennmont Partners, Emeren to develop battery storage in Italy

See More Headlines

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Company Calendar

Last Earnings: 12/07/2021
Today: 4/15/2024
Next Earnings (Estimated): 5/29/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NYSE:SOL
CUSIP: N/A
CIK: 1417892
Web: www.renesolapower.com
Phone: (347) 577-9055
Fax: 347-577-9985
Employees: 197
Year Founded: 2005

Price Target and Rating

Average Stock Price Target: $5.80
High Stock Price Target: $8.00
Low Stock Price Target: $3.20
Potential Upside/Downside: +211.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.18)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 4.89
P/E Growth: N/A
Net Income: $-9,320,000.00
Net Margins: -8.91%
Pretax Margin: -2.19%
Return on Equity: 0.26%
Return on Assets: 0.21%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 5.40
Quick Ratio: 5.40

Sales & Book Value

Annual Sales: $104.67 million
Price / Sales: 1.07
Cash Flow: $0.16 per share
Price / Cash Flow: 11.57
Book Value: $6.45 per share
Price / Book: 0.29

Miscellaneous

Outstanding Shares: 60,220,000
Free Float: 49,372,000
Market Cap: $112.01 million
Optionable: Optionable
Beta: 1.78

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Key Executives

Mr. Yumin Liu (Age 61)
CEO & Director
Mr. Ke Chen (Age 50)
Chief Financial Officer
Mr. Chee Loong Cheah (Age 59)
Chief Investment Officer & Executive VP of Europe
Mr. Johnny Pan
Investor Relations
Xin Wang
Compliance Director
Jake Snow
Human Resources Director
Mr. Mac Moore
Interim Executive Vice President of North America
Mr. KaiKai Zhang
Interim Executive Vice President of China
Suzanne Wilson
Secretary to the Board
Fei Wang
Vice President of Finance

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SOL Stock Analysis - 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 twelve months. There are currently 1 hold rating, 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 target for 2024?: 4 Wall Street analysts have issued 12 month price targets for Emeren Group's stock. Their SOL share price targets range from $3.20 to $8.00. On average, they anticipate the company's stock price to reach $5.80 in the next twelve months. This suggests a possible upside of 211.8% 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 2024?: Emeren Group's stock was trading at $2.73 at the beginning of the year. Since then, SOL shares have decreased by 31.9% and is now trading at $1.86.
View the best growth stocks for 2024 here.
When is Emeren Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our SOL earnings forecast.
How were Emeren Group's earnings last quarter?: Emeren Group Ltd (NYSE:SOL) released its quarterly earnings data on Tuesday, December, 7th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.03. The semiconductor company earned $15.54 million during the quarter, compared to analyst estimates of $20.22 million. Emeren Group had a positive trailing twelve-month return on equity of 0.26% and a negative net margin of 8.91%. During the same quarter last year, the firm earned $0.05 EPS.
What ETF holds Emeren Group's stock?: ProShares S&P Kensho Cleantech ETF holds 23,368 shares of SOL stock, representing 1.32% of its portfolio.

When did Emeren Group's stock split?: Shares of Emeren Group reverse split 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 closing bell 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.
What guidance has Emeren Group issued on next quarter's earnings?: Emeren Group updated its FY 2024 earnings guidance on Thursday, March, 28th. The company provided EPS guidance of 0.500- for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of $150.0 million-$160.0 million, compared to the consensus revenue estimate of $148.7 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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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

This page (NYSE:SOL) was last updated on 4/16/2024 by MarketBeat.com Staff

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Emeren Group (SOL) Stock Price, News & Analysis

Emeren Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Emeren Group Stock (NYSE:SOL)

SOL Stock Price History

SOL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SOL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™