Shares of Emeren Group Ltd (NYSE:SOL - Get Free Report) have received an average recommendation of "Reduce" from the five research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.38.
SOL has been the topic of a number of research analyst reports. BWS Financial reissued a "sell" rating and set a $6.00 price objective on shares of Emeren Group in a report on Monday, December 16th. HC Wainwright reissued a "buy" rating and set a $7.00 price target on shares of Emeren Group in a research note on Friday, November 15th. Finally, StockNews.com raised Emeren Group from a "sell" rating to a "hold" rating in a report on Thursday, November 21st.
Check Out Our Latest Report on SOL
Emeren Group Price Performance
NYSE SOL traded down $0.08 during trading hours on Friday, reaching $2.02. 263,345 shares of the company's stock were exchanged, compared to its average volume of 289,550. The firm has a fifty day moving average of $2.01 and a 200-day moving average of $2.01. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.10. Emeren Group has a one year low of $1.41 and a one year high of $3.00. The stock has a market cap of $103.54 million, a PE ratio of -15.54 and a beta of 1.63.
Institutional Trading of Emeren Group
A number of large investors have recently bought and sold shares of the business. Long Run Wealth Advisors LLC acquired a new stake in shares of Emeren Group during the third quarter worth $28,000. Mercer Global Advisors Inc. ADV boosted its position 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 worth $72,000 after acquiring an additional 29,484 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Emeren Group in the third quarter valued at approximately $88,000. 44.08% of the stock is owned by institutional investors.
About Emeren Group
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Get Free ReportEmeren 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.
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