Analysts Set Emeren Group Ltd (NYSE:SOL) Target Price at $4.38

Emeren Group Ltd (NYSE:SOL - Get Free Report) has been assigned an average rating of "Reduce" from the five analysts that are covering the firm, Marketbeat Ratings 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 brokers that have issued a report on the stock in the last year is $4.38.

Several research firms have commented on SOL. StockNews.com upgraded shares of Emeren Group from a "sell" rating to a "hold" rating in a research note on Thursday, November 21st. HC Wainwright reissued a "buy" rating and issued a $7.00 price target on shares of Emeren Group in a report on Friday, November 15th. Finally, BWS Financial reiterated a "sell" rating and issued a $6.00 target price on shares of Emeren Group in a research report on Monday, December 16th.

Institutional Investors Weigh In On Emeren Group

A number of institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Emeren Group during the fourth quarter valued at approximately $80,000. Invesco Ltd. grew its stake in shares of Emeren Group by 26.5% during the 4th quarter. Invesco Ltd. now owns 792,148 shares of the semiconductor company's stock valued at $1,608,000 after acquiring an additional 165,902 shares during the period. Monaco Asset Management SAM raised its position in shares of Emeren Group by 35.7% during the 4th quarter. Monaco Asset Management SAM now owns 1,847,764 shares of the semiconductor company's stock valued at $3,751,000 after purchasing an additional 486,063 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Emeren Group by 45.5% in the fourth quarter. Apollon Wealth Management LLC now owns 29,100 shares of the semiconductor company's stock worth $59,000 after acquiring an additional 9,100 shares during the period. Finally, Shah Capital Management grew its holdings in Emeren Group by 0.4% during the 4th quarter. Shah Capital Management now owns 18,818,236 shares of the semiconductor company's stock valued at $38,201,000 after buying an additional 69,374 shares in the last quarter. Hedge funds and other institutional investors own 44.08% of the company's stock.

Emeren Group Trading Down 3.7 %

Shares of Emeren Group stock traded down $0.06 during trading on Friday, hitting $1.58. The company's stock had a trading volume of 151,847 shares, compared to its average volume of 204,658. 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 has a 52 week low of $1.41 and a 52 week high of $3.00. The stock has a market cap of $80.98 million, a price-to-earnings ratio of -12.15 and a beta of 1.61. The stock has a 50-day moving average price of $1.89 and a two-hundred day moving average price of $2.06.

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.