NYSE:SOL Emeren Group (SOL) Stock Price, News & Analysis $2.87 +0.08 (+2.87%) (As of 10/4/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Emeren Group Stock (NYSE:SOL) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Emeren Group alerts:Sign Up Key Stats Today's Range$2.75▼$2.8850-Day Range$1.50▼$2.8752-Week Range$1.41▼$3.21Volume176,266 shsAverage Volume388,774 shsMarket Capitalization$147.12 millionP/E RatioN/ADividend YieldN/APrice Target$3.83Consensus RatingHold Company OverviewEmeren 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.Read More… Next opportunity for crypto millions (Ad)The floodgates have opened. Bitcoin and Ethereum ETFs are seeing record-breaking inflows, the biggest since they first opened to investors. Wall Street is finally embracing crypto. But most investors are missing the real goldmine… Go here to discover the crypto that's about to leave Wall Street in the dust. Emeren Group Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks77th Percentile Overall ScoreSOL MarketRank™: Emeren Group scored higher than 77% of companies evaluated by MarketBeat, and ranked 96th out of 258 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.0 / 5Analyst RatingHold Consensus RatingEmeren Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, no hold ratings, and 2 sell ratings.Amount of Analyst CoverageEmeren Group has only been the subject of 2 research reports in the past 90 days.Read more about Emeren Group's stock forecast and price target. Earnings and Valuation2.5 / 5Proj. Earnings Growth63.64% Earnings GrowthEarnings for Emeren Group are expected to grow by 63.64% in the coming year, from $0.33 to $0.54 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Emeren Group is -11.04, 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. SectorThe P/E ratio of Emeren Group is -11.04, 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 RatioEmeren Group has a P/B Ratio of 0.48. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Emeren Group's valuation and earnings. Short Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.79% of the outstanding shares of Emeren Group have been sold short.Short Interest Ratio / Days to CoverEmeren Group has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Emeren Group has recently decreased by 13.86%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldEmeren Group does not currently pay a dividend.Dividend GrowthEmeren Group does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted2.79% of the outstanding shares of Emeren Group have been sold short.Short Interest Ratio / Days to CoverEmeren Group has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Emeren Group has recently decreased by 13.86%, indicating that investor sentiment is improving significantly. News and Social Media1.9 / 5News Sentiment0.41 News SentimentEmeren Group has a news sentiment score of 0.41. 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 is a lower news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Emeren Group this week, compared to 2 articles on an average week.Search InterestOnly 6 people have searched for SOL on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat FollowsOnly 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 Ownership3.3 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, Emeren Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $49,123.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders18.02% 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 Institutions44.08% of the stock of Emeren Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Emeren Group's insider trading history. Receive SOL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Emeren Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SOL Stock News HeadlinesShah Capital Management Acquires 26,843 Shares of Emeren Group Ltd (NYSE:SOL) StockSeptember 6, 2024 | insidertrades.comEmeren Group (NYSE:SOL) Upgraded at StockNews.comOctober 4 at 10:19 AM | americanbankingnews.com⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.October 6, 2024 | Behind the Markets (Ad)NEXTracker (NASDAQ:NXT) Stock Quotes, Forecast and News SummaryOctober 4 at 6:02 AM | benzinga.comDogecoin And Shiba Inu Sink 7%, But Year's Best-Performing Cat-Themed Crypto, Popcat, Keeps Head Above WaterOctober 2, 2024 | msn.comSolana-Based Bonk, Dogwifhat Outshine Dogecoin And Shiba Inu Amid Broader Market Retrace — What You Should KnowOctober 1, 2024 | benzinga.comThis Cryptocurrency Could Be a Major Player by 2030September 30, 2024 | fool.comEmeren Group Sells 57 MWp Solar Project Portfolio to Trina Solar ISBU in FranceSeptember 30, 2024 | prnewswire.comSee More Headlines 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 stock has increased by 5.1% and is now trading at $2.87. View the best growth stocks for 2024 here. How were Emeren Group's earnings last quarter? Emeren Group Ltd (NYSE:SOL) issued its earnings results on Tuesday, August, 20th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by $0.06. The semiconductor company earned $30.06 million during the quarter, compared to analyst estimates of $21.10 million. Emeren Group had a negative net margin of 20.91% and a negative trailing twelve-month return on equity of 3.15%. 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 closing bell 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 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. 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 Co-Diagnostics (CODX), Inovio Pharmaceuticals (INO), Nokia Oyj (NOK), FuelCell Energy (FCEL), Advanced Micro Devices (AMD), SunPower (SPWR) and VBI Vaccines (VBIV). Company Calendar Last Earnings8/20/2024Today10/05/2024Next Earnings (Estimated)11/19/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Semiconductors & related devices Sub-IndustryElectronic Equipment Current SymbolNYSE:SOL CUSIPN/A CIK1417892 Webwww.renesolapower.com Phone(347) 577-9055Fax347-577-9985Employees160Year Founded2005Price Target and Rating Average Stock Price Target$3.83 High Stock Price Target$7.00 Low Stock Price Target$1.50 Potential Upside/Downside+33.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.26) Trailing P/E RatioN/A Forward P/E Ratio8.70 P/E GrowthN/ANet Income$-3,190,000.00 Net Margins-20.91% Pretax Margin-12.10% Return on Equity-3.15% Return on Assets-2.41% Debt Debt-to-Equity Ratio0.07 Current Ratio4.27 Quick Ratio4.27 Sales & Book Value Annual Sales$104.67 million Price / Sales1.41 Cash Flow$0.15 per share Price / Cash Flow19.36 Book Value$6.03 per share Price / Book0.48Miscellaneous Outstanding Shares51,260,000Free Float49,372,000Market Cap$147.12 million OptionableOptionable Beta1.71 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report This page (NYSE:SOL) was last updated on 10/6/2024 by MarketBeat.com Staff From Our PartnersHow much money are you leaving on the table from the stocks you already own?Charles Payne here, and I want to let you in on a time-tested trading method that can be used to generate cash...Unstoppable Prosperity | SponsoredElon Musk’s chilling warning for humanityThe 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern bord...The Freeport Society | SponsoredHow a $200,000 Mistake Unlocked a $118 Billion Gold TreasureThe window of opportunity on this gold stock is closing fast. 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