FY2025 EPS Estimates for Emeren Group Increased by Analyst

Emeren Group Ltd (NYSE:SOL) – Equities research analysts at HC Wainwright increased their FY2025 EPS estimates for Emeren Group in a research report issued on Friday, November 15th. HC Wainwright analyst A. Dayal now expects that the semiconductor company will earn $0.56 per share for the year, up from their prior estimate of $0.54. HC Wainwright currently has a “Buy” rating and a $7.00 target price on the stock. The consensus estimate for Emeren Group’s current full-year earnings is $0.33 per share.

Other analysts have also recently issued reports about the company. Roth Mkm restated a “buy” rating and set a $3.00 target price on shares of Emeren Group in a research report on Wednesday, August 21st. StockNews.com lowered shares of Emeren Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. According to MarketBeat, Emeren Group currently has a consensus rating of “Hold” and a consensus price target of $3.83.

Emeren Group Trading Down 7.5 %

Shares of SOL opened at $1.86 on Monday. The stock’s fifty day simple moving average is $2.41 and its 200-day simple moving average is $1.98. The firm has a market capitalization of $95.33 million, a PE ratio of -14.31 and a beta of 1.73. Emeren Group has a 12-month low of $1.41 and a 12-month high of $3.00. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.10.

Emeren Group (NYSE:SOL) last announced its quarterly earnings data 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 firm had revenue of $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 return on equity of 2.05%. During the same quarter in the previous year, the business posted $0.14 earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOL. Long Run Wealth Advisors LLC bought a new stake in shares of Emeren Group in the third quarter worth about $28,000. XTX Topco Ltd bought a new stake in Emeren Group during the 3rd quarter worth approximately $88,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Emeren Group by 160.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 47,809 shares of the semiconductor company’s stock worth $72,000 after buying an additional 29,484 shares during the period. 44.08% of the stock is currently owned by institutional investors.

Insider Transactions at Emeren Group

In other news, Chairman Shah Capital Management purchased 26,843 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $1.83 per share, with a total value of $49,122.69. Following the acquisition, the chairman now directly owns 18,655,151 shares of the company’s stock, valued at approximately $34,138,926.33. This represents a 0.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 37.31% of the company’s stock.

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.