Emeren Group Ltd (NYSE:SOL – Get Free Report) Chairman Shah Capital Management purchased 26,843 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average cost 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 in the company, valued at $34,138,926.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Emeren Group Stock Down 1.6 %
Shares of NYSE SOL opened at $1.84 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.27 and a current ratio of 4.27. Emeren Group Ltd has a 52 week low of $1.41 and a 52 week high of $3.50. The stock has a market capitalization of $94.32 million, a P/E ratio of -7.08 and a beta of 1.71. The stock’s fifty day moving average is $1.70 and its 200 day moving average is $1.83.
Emeren Group (NYSE:SOL – Get Free Report) last issued its quarterly 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). Emeren Group had a negative return on equity of 3.15% and a negative net margin of 20.91%. The company had revenue of $30.06 million during the quarter, compared to the consensus estimate of $21.10 million. During the same quarter in the previous year, the business posted $0.14 EPS. Sell-side analysts forecast that Emeren Group Ltd will post 0.27 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
SOL has been the subject of several research reports. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of Emeren Group in a report on Wednesday, August 21st. StockNews.com raised Emeren Group to a “sell” rating in a report on Friday, May 24th. Northland Capmk downgraded Emeren Group from a “hold” rating to a “strong sell” rating in a report on Friday, May 24th. Northland Securities downgraded Emeren Group from a “market perform” rating to an “under perform” rating and set a $1.50 target price for the company. in a report on Friday, May 24th. Finally, Roth Mkm reissued a “buy” rating and set a $3.00 target price on shares of Emeren Group in a report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.88.
Get Our Latest Stock Analysis on SOL
Emeren Group Company Profile
Emeren Group Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It owns and operates 3 gigawatt pipeline of projects and independent power producer assets. The company also 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.
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