Emeren Group (SOL) Stock Price, News & Analysis

Company Overview

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. In addition, it engages in engineering design; procurement of solar modules; balance-of-system components and other components; and construction contracting and management services. Further, the company generates and sells electricity. It operates in China, the United States, the United Kingdom, Germany, France, Poland, Italy, and Hungary. The company was formerly known as ReneSola Ltd and changed its name to Emeren Group Ltd in January 2023. Emeren Group Ltd was founded in 2005 and is headquartered in Norwalk, Connecticut.

Key Stats

• Today's Range: $1.82 to $1.98
• 50-Day Range: $1.77 to $2.66
• 52-Week Range: $1.41 to $3.00
• Volume: 171,416 shs
• Average Volume: 338,441 shs
• Market Capitalization: $101.03 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.38
• Consensus Rating: Reduce

Emeren Group Stock Analysis - MarketRank™

Emeren Group scored higher than 83% of companies evaluated by MarketBeat, and ranked 68th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Emeren Group has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on 2 buy ratings, no hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Emeren Group has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 190.00%

Earnings Growth

Earnings for Emeren Group are expected to grow by 190.00% in the coming year, from $0.10 to $0.29 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Emeren Group is -14.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Emeren Group is -14.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Emeren Group has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.95% of the outstanding shares of Emeren Group have been sold short.

Short Interest Ratio / Days to Cover

Emeren Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Emeren Group has recently decreased by 5.66%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Emeren Group does not currently pay a dividend.

Dividend Growth

Emeren Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.95% of the outstanding shares of Emeren Group have been sold short.

Short Interest Ratio / Days to Cover

Emeren Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Emeren Group has recently decreased by 5.66%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.65

News Sentiment

Emeren Group has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Emeren Group this week, compared to 3 articles on an average week.

Search Interest

18 people have searched for SOL on MarketBeat in the last 30 days. This is an increase of 157% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Emeren Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Emeren Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $30,227.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

37.31% of the stock of Emeren Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

44.08% of the stock of Emeren Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SOL Stock Analysis - Frequently Asked Questions

How have SOL shares performed this year?

Emeren Group's stock was trading at $2.73 at the beginning of the year. Since then, SOL shares have decreased by 33.3% and is now trading at $1.82.
View the best growth stocks for 2024 here.

How were Emeren Group's earnings last quarter?

Emeren Group Ltd (NYSE:SOL) released its earnings results on Tuesday, August, 20th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by $0.06. The semiconductor company earned $30.06 million during the quarter, compared to the consensus estimate of $21.10 million. Emeren Group had a negative net margin of 7.14% and a negative trailing twelve-month return on equity of 2.05%.

When did Emeren Group's stock split?

Emeren Group shares reverse split on Friday, February 10th 2017. The 1-5 reverse split was announced on Monday, January 30th 2017. The number of shares owned by shareholders was adjusted after the market closes on Thursday, February 9th 2017. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Does Emeren Group have any subsidiaries?

Emeren Group subsidiaries include these companies: Nova Development Management, ET Cap PA Holdings LLC (“PA Holdings”) and ET Cap CA Holdings LLC (“CA Holdings”), ReneSola Consulting (Shanghai) Co. Ltd, Renesola Germany GmbH, ReneSola Investment Management Ltd., ReneSola New Energy S.à r.l, Renesola Poksla sp. z o.o., and more.

Who are Emeren Group's major shareholders?

Emeren Group's top institutional shareholders include GSA Capital Partners LLP (1.00%), Jane Street Group LLC (0.11%), XTX Topco Ltd (0.06%) and Long Run Wealth Advisors LLC (0.02%).
View institutional ownership trends.

How do I buy shares of Emeren Group?

Shares of SOL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Emeren Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Emeren Group investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), PayPal (PYPL) and Tesla (TSLA).

Company Calendar

• Last Earnings: 8/20/2024
• Today: 12/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NYSE:SOL
• CUSIP: N/A
• CIK: 1417892
• Web: www.renesolapower.com
• Phone: (347) 577-9055
• Fax: 347-577-9985
• Employees: 160
• Year Founded: 2005

Price Target and Rating

• Average Stock Price Target: $4.38
• High Stock Price Target: $7.00
• Low Stock Price Target: $1.50
• Potential Upside/Downside: +140.4%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.13)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 18.20
• P/E Growth: N/A
• Net Income: $-3,190,000.00
• Net Margins: -7.14%
• Pretax Margin: 2.60%
• Return on Equity: -2.05%
• Return on Assets: -1.55%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 4.34
• Quick Ratio: 4.34

Sales & Book Value

• Annual Sales: $102.49 million
• Price / Sales: 0.91
• Cash Flow: $0.15 per share
• Price / Cash Flow: 12.18
• Book Value: $6.03 per share
• Price / Book: 0.30

Miscellaneous

• Outstanding Shares: 51,255,000
• Free Float: 32,132,000
• Market Cap: $93.28 million
• Optionable: Optionable
• Beta: 1.64