XTX Topco Ltd Makes New Investment in Emeren Group Ltd (NYSE:SOL)

XTX Topco Ltd purchased a new stake in shares of Emeren Group Ltd (NYSE:SOL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,606 shares of the semiconductor company’s stock, valued at approximately $88,000. XTX Topco Ltd owned 0.06% of Emeren Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Mercer Global Advisors Inc. ADV boosted its stake in Emeren Group by 160.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 47,809 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 29,484 shares during the period. Hedge funds and other institutional investors own 44.08% of the company’s stock.

Wall Street Analysts Forecast Growth

SOL has been the topic of several analyst reports. StockNews.com upgraded shares of Emeren Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. BWS Financial restated a “sell” rating and issued a $6.00 target price on shares of Emeren Group in a research report on Monday, December 16th. Finally, HC Wainwright reiterated a “buy” rating and set a $7.00 price target on shares of Emeren Group in a research report on Friday, November 15th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.38.

Emeren Group Price Performance

NYSE SOL opened at $1.82 on Friday. Emeren Group Ltd has a 12 month low of $1.41 and a 12 month high of $3.00. The firm has a market capitalization of $93.28 million, a PE ratio of -14.00 and a beta of 1.64. The company’s 50 day simple moving average is $2.13 and its 200 day simple moving average is $1.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.34 and a quick ratio of 4.34.

Emeren Group Company Profile

Emeren Group Ltd, together with its subsidiaries, develops, builds, and sells solar power projects. It owns and operates 3-gigawatt pipeline of projects and independent power producer assets, as well as a 10-gigawatt pipeline of storage pipeline. The company develops community solar gardens; and sells project rights.