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Emeren Group (SOL)
NYSE:SOL
Holding SOL?
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SOL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.41 - $3.27
Previous Close$2.24
Volume239.48K
Average Volume (3M)214.62K
Market Cap
$118.15M
Enterprise Value$97.81M
Total Cash (Recent Filing)$107.29M
Total Debt (Recent Filing)$45.59M
Price to Earnings (P/E)―
Beta1.36
Next Earnings
Nov 27, 2024EPS Estimate
$0.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.42
Shares Outstanding51,254,956
10 Day Avg. Volume298,242
30 Day Avg. Volume214,620
Standard Deviation0.30
R-Squared0.09
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)0.37
Price to Sales (P/S)2.57
Price to Cash Flow (P/CF)-13.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.41
Enterprise Value/Gross Profit6.38
Enterprise Value/Ebitda20.32
Forecast
1Y Price Target
$5.00Price Target Upside109.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Emeren Group News
PremiumCompany Announcements
Emeren Group Welcomes Ramakrishnan Srinivasan to Board
Bulls Say, Bears Say
Bulls Say
Financial PerformanceEmeren reported a 71% year-over-year revenue increase and a 216% quarter-over-quarter revenue increase, surpassing expectations.
Future GrowthManagement forecasts revenue growth of 43-53% year-over-year and a significant increase in gross margins to 30% for the next year.
Operational StabilityThe company expects to maintain positive operating cash flows and predict a cash balance exceeding $100M by the end of the next year.
Bears Say
Development PipelineEmeren’s total advanced stage solar development pipeline decreased from 3.1GW to 2.6GW.
Gross MarginsBlended gross margins were 7.6%, significantly lower than the expected 13%, due to a higher proportion of EPC projects and delays in development project sales.
Revenue MissSOL delivered Q4'23 revenues of $44mn, missing consensus estimates by 2% because of delays in closing sales of projects in the US and Europe.
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Ownership Overview
59.12% Insiders
0.32% Mutual Funds
40.10% Other Institutional Investors
0.47% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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SOL FAQ
What was Emeren Group’s price range in the past 12 months?
Emeren Group lowest stock price was $1.41 and its highest was $3.27 in the past 12 months.
What is Emeren Group’s market cap?
Currently, no data Available
When is Emeren Group’s upcoming earnings report date?
Emeren Group’s upcoming earnings report date is Nov 27, 2024 which is in 69 days.
How were Emeren Group’s earnings last quarter?
Emeren Group released its earnings results on Aug 20, 2024. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by -$0.06.
Is Emeren Group overvalued?
According to Wall Street analysts Emeren Group’s price is currently Undervalued.
Does Emeren Group pay dividends?
Emeren Group does not currently pay dividends.
What is Emeren Group’s EPS estimate?
Emeren Group’s EPS estimate is $0.09.
How many shares outstanding does Emeren Group have?
Emeren Group has 51,254,955 shares outstanding.
What happened to Emeren Group’s price movement after its last earnings report?
Emeren Group reported an EPS of $0.01 in its last earnings report, missing expectations of $0.07. Following the earnings report the stock price went up 14.907%.
Which hedge fund is a major shareholder of Emeren Group?
Currently, no hedge funds are holding shares in SOL
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Emeren Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$5.00 (109.21% Upside)
$5.00 (109.21% Upside)
Blogger Sentiment
Bullish
SOL Sentiment 80%
Sector Average 66%
Sector Average 66%
Insider Transactions
Bought Shares
Worth $129.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.1%
Last 30 Days >0.1%
Last 30 Days >0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-27.03%
12-Months-Change
Fundamentals
Return on Equity
-7.08%
Trailing 12-Months
Asset Growth
-4.17%
Trailing 12-Months
Company Description
Emeren Group
ReneSola Ltd. engages in the manufacture of solar wafers and modules. It operates through the following segments: Wafer, Cell and Module, and Solar Power Projects. The Wafer segment includes manufacture and sales of monocrystalline and multicrystalline solar wafers and processing services. The Cell and Module segment involves in the manufacture and sale of PV cells and modules. The Solar Power Projects segment offers solar power project development, EPC services, and electricity. The company was founded on March 17, 2006 and is headquartered in Putuo District, China.
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SOL Company Deck
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SOL Earnings Call
Q2 2024
0:00 / 0:00
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SOL Stock 12 Month Forecast
Average Price Target
$5.00
▲(109.21% Upside)
Technical Analysis
Best Analysts Covering SOL
1 Year
1 Year Success Rate
3/19 ratings generated profit
1 Year Average Return
-27.92%
reiterated a buy rating 29 days ago
Copying Amit Dayal's trades and holding each position for 1 Year would result in 15.79% of your transactions generating a profit, with an average return of -27.92% per trade.
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