Emeren Group (NYSE:SOL) Announces Earnings Results

Emeren Group (NYSE:SOL) released its earnings results on Thursday. The semiconductor company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.31), RTT News reports. Emeren Group had a negative return on equity of 2.05% and a negative net margin of 7.14%. The firm had revenue of $34.60 million for the quarter, compared to the consensus estimate of $40.13 million. During the same period in the prior year, the business earned ($0.15) EPS. Emeren Group updated its FY 2025 guidance to EPS.

Emeren Group Stock Down 19.4 %

SOL opened at $1.19 on Friday. Emeren Group has a 12 month low of $1.04 and a 12 month high of $3.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.34 and a quick ratio of 4.34. The stock has a market cap of $60.74 million, a P/E ratio of -9.12 and a beta of 1.70. The stock’s 50 day moving average price is $1.79 and its 200 day moving average price is $2.05.

Analysts Set New Price Targets

SOL has been the topic of several recent research reports. BWS Financial reissued a “sell” rating and issued a $6.00 price target on shares of Emeren Group in a report on Monday, December 16th. HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Emeren Group in a report on Friday. Finally, StockNews.com downgraded Emeren Group from a “hold” rating to a “sell” rating in a report on Friday. Four research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.38.

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.