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Emeren Group (SOL)
NYSE:SOL
Emeren Group (SOL) Stock Price & Analysis
1,200 Followers
SOL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.54 - $4.28
Previous Close$1.97
Volume121.91K
Average Volume (3M)502.17K
Market Cap
$118.74M
Enterprise Value$98.40M
Total Cash (Recent Filing)$107.29M
Total Debt (Recent Filing)$45.59M
Price to Earnings (P/E)-1.3
Beta1.22
Next Earnings
May 23, 2024Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.49
Shares Outstanding60,274,841
10 Day Avg. Volume200,522
30 Day Avg. Volume502,171
Standard Deviation0.30
R-Squared0.10
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)0.34
Price to Sales (P/S)4.80
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.42
Enterprise Value/Gross Profit6.42
Enterprise Value/Ebitda20.44
Forecast
1Y Price Target
$6.00Price Target Upside204.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Emeren Group News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceEmeren reported a significant revenue increase, outperforming market expectations.
Financial StabilityThe company anticipates maintaining a strong operating cash flow with a healthy cash balance projected.
Future GrowthManagement forecasts a robust revenue growth and a substantial improvement in gross margins for the upcoming year.
Bears Say
Financial PerformanceBlended gross margins were significantly lower than expected, primarily due to a higher proportion of low-margin EPC projects and postponements in the sales of development projects.
ProfitabilityGross margins underperformed significantly compared to market consensus, affected by a larger share of EPC projects and several one-off items that weighed on profitability.
RevenueThe company reported quarterly revenues that fell short of market expectations, impacted by the delayed finalization of project sales in the US and European markets.
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Ownership Overview
52.79% Insiders
0.29% Mutual Funds
37.78% Other Institutional Investors
9.14% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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SOL FAQ
What was Emeren Group’s price range in the past 12 months?
Emeren Group lowest stock price was $1.54 and its highest was $4.28 in the past 12 months.
What is Emeren Group’s market cap?
Currently, no data Available
When is Emeren Group’s upcoming earnings report date?
Emeren Group’s upcoming earnings report date is May 23, 2024 which is in 2 days.
How were Emeren Group’s earnings last quarter?
Emeren Group released its earnings results on Mar 28, 2024. The company reported -$0.15 earnings per share for the quarter, missing the consensus estimate of -$0.015 by -$0.135.
Is Emeren Group overvalued?
According to Wall Street analysts Emeren Group’s price is currently Undervalued.
Does Emeren Group pay dividends?
Emeren Group does not currently pay dividends.
What is Emeren Group’s EPS estimate?
Emeren Group’s EPS estimate is $0.
How many shares outstanding does Emeren Group have?
Emeren Group has 57,281,506 shares outstanding.
What happened to Emeren Group’s price movement after its last earnings report?
Emeren Group reported an EPS of -$0.15 in its last earnings report, missing expectations of -$0.015. Following the earnings report the stock price went up 21.244%.
Which hedge fund is a major shareholder of Emeren Group?
Currently, no hedge funds are holding shares in SOL
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Emeren Group Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$6.00 (204.57% Upside)
$6.00 (204.57% Upside)
Blogger Sentiment
Bullish
SOL Sentiment 75%
Sector Average 68%
Sector Average 68%
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▼ 6.0%
Last 30 Days ▼ 6.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-46.61%
12-Months-Change
Fundamentals
Return on Equity
-2.77%
Trailing 12-Months
Asset Growth
-5.85%
Trailing 12-Months
Company Description
Emeren Group
ReneSola Ltd. engages in the manufacture of solar wafers and modules. It operates through the following segments: Wafer, Cell and Module, and Solar Power Projects. The Wafer segment includes manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services. The Cell and Module segment involves in the manufacture and sale of PV cells and modules. The Solar Power Projects segment offers solar power project development, EPC services, and electricity. The company was founded on March 17, 2006 and is headquartered in Putuo District, China.
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SOL Company Deck
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SOL Earnings Call
Q4 2024
0:00 / 0:00
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SOL Stock 12 Month Forecast
Average Price Target
$6.00
▲(204.57% Upside)
Technical Analysis
Best Analysts Covering SOL
1 Year
1 Year Success Rate
1/18 ratings generated profit
1 Year Average Return
-33.30%
reiterated a buy rating 2 months ago
Copying Amit Dayal's trades and holding each position for 1 Year would result in 5.56% of your transactions generating a profit, with an average return of -33.30% per trade.
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