Emeren Group (NYSE:SOL) Earns "Sell" Rating from BWS Financial

Emeren Group (NYSE:SOL - Get Free Report)'s stock had its "sell" rating restated by research analysts at BWS Financial in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $6.00 target price on the semiconductor company's stock. BWS Financial's target price indicates a potential upside of 217.46% from the stock's current price.

Other research analysts have also recently issued reports about the company. StockNews.com raised Emeren Group from a "sell" rating to a "hold" rating in a research note on Thursday, November 21st. HC Wainwright reaffirmed a "buy" rating and issued a $7.00 price target on shares of Emeren Group in a research note on Friday, November 15th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $3.00 target price on shares of Emeren Group in a research note on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Emeren Group has a consensus rating of "Hold" and an average price target of $4.38.

Emeren Group Price Performance

Shares of Emeren Group stock traded up $0.11 on Monday, hitting $1.89. 356,024 shares of the company traded hands, compared to its average volume of 342,442. Emeren Group has a 12-month low of $1.41 and a 12-month high of $3.00. The firm's 50-day simple moving average is $2.20 and its 200 day simple moving average is $1.97. The company has a market cap of $96.88 million, a P/E ratio of -14.54 and a beta of 1.64. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Emeren Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Long Run Wealth Advisors LLC purchased a new position in Emeren Group during the third quarter valued at $28,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Emeren Group by 160.9% in 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 in the last quarter. Finally, XTX Topco Ltd purchased a new position in Emeren Group during the 3rd quarter valued at about $88,000. Hedge funds and other institutional investors own 44.08% of the company's stock.

About Emeren Group

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.