Emeren GroupSOL
Market Cap: $115M
About: Emeren Group Ltd is a solar project developer and operator, a solar downstream player. It develops and sells solar power projects or sells project Special Purpose Vehicles (project development business); provides engineering, procurement, and construction business (EPC business); and owns and operates solar power projects and sells the electricity generated by the operated solar power plants (IPP business). The company has three reportable segments; Solar power project development, EPC services, and Electricity generation. It derives maximum revenue from the EPC business. Geographically the company generates maximum revenue from Poland and the rest from the United States, Hungary, Spain, France, the United Kingdom (UK), Germany, Italy, and China.
Employees: 197
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.28% less ownership
Funds ownership: 4.14% [Q1] → 3.86% (-0.28%) [Q2]
28% less capital invested
Capital invested by funds: $45.8M [Q1] → $33.1M (-$12.6M) [Q2]
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
35% less funds holding
Funds holding: 57 [Q1] → 37 (-20) [Q2]
91% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 22
98% less call options, than puts
Call options by funds: $1K | Put options by funds: $63K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Roth MKM Philip Shen 45% 1-year accuracy 9 / 20 met price target | 33%upside $3 | Buy Maintained | 21 Aug 2024 |
HC Wainwright & Co. Amit Dayal 49% 1-year accuracy 36 / 73 met price target | 211%upside $7 | Buy Reiterated | 21 Aug 2024 |
Financial journalist opinion
Based on 6 articles about SOL published over the past 30 days