SOL
Emeren Group
About: Emeren Group Ltd is a renewable energy producer. Its portfolio consists of solar projects and Independent Power Producer (IPP) assets, and it also has global Battery Energy Storage System (BESS) capacity. The group specializes in the solar project lifecycle, development, and from construction to financing. It has three reportable segments; Solar power project development, EPC services, and Electricity generation. The company generates maximum revenue from Poland.
Employees: 197
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,213% more call options, than puts
Call options by funds: $407K | Put options by funds: $31K
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
80% more capital invested
Capital invested by funds: $33.1M [Q2] → $59.6M (+$26.5M) [Q3]
14% more funds holding
Funds holding: 37 [Q2] → 42 (+5) [Q3]
0.45% more ownership
Funds ownership: 3.86% [Q2] → 4.31% (+0.45%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6
230%
upside
Avg. target
$6.50
257%
upside
High target
$7
285%
upside
2 analyst ratings
1 positive
50%
0 neutral
0%
1 negative
50%
BWS Financial | 230%upside $6 | Sell Maintained | 16 Dec 2024 |
HC Wainwright & Co. Amit Dayal 39% 1-year accuracy 44 / 112 met price target | 285%upside $7 | Buy Reiterated | 15 Nov 2024 |
Financial journalist opinion
Based on 3 articles about SOL published over the past 30 days
Positive
The Motley Fool
10 hours ago
Should You Forget Bitcoin and Buy Solana Instead?
The S&P 500 (^GSPC 1.09%) market index has seen a total return of 25% in 2024. That's a fantastic year for the stock market, but it can't hold a candle to the crypto market.
Neutral
PRNewsWire
1 day ago
Emeren Group Sells 2.8 MW Maine Solar Project to Altus Power
NORWALK, Conn. , Dec. 20, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the sale of its 2.8 MWdc solar project located in Maine to Altus Power, Inc. ("Altus Power") (NYSE: AMPS), the largest commercial scale provider of clean electric power.
Neutral
PRNewsWire
2 weeks ago
Emeren Group Releases 2023 Environmental, Social and Governance Report
NORWALK, Conn. , Dec. 2, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the release of its 2023 Environmental, Social, and Governance (ESG) Report.
Neutral
PRNewsWire
1 month ago
Emeren to Participate in Upcoming Investor Conferences
NORWALK, Conn. , Nov. 21, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced its participation in the following investor conferences: Janney's 2nd Annual Clean Energy Investment Symposium on December 4-5, 2024, in New Orleans, LA.
Neutral
Zacks Investment Research
1 month ago
Emeren's Q3 Earnings In Line With Estimates, Revenues Fall Y/Y
SOL's third-quarter earnings align with the Zacks Consensus Estimate. However, the quarterly revenues miss the consensus estimate by 51%.
Neutral
Seeking Alpha
1 month ago
Emeren Group Ltd (SOL) Q3 2024 Earnings Call Transcript
Emeren Group Ltd (NYSE:SOL ) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants Gary Dvorchak - Managing Director, The Blueshirt Group Yumin Liu - CEO Ke Chen - CFO Conference Call Participants Philip Shen - Roth Capital Partners Operator Hello, ladies and gentlemen. Welcome and thank you for standing by, for Emeren Group Limited Third Quarter 2024 Earnings Conference Call.
Neutral
PRNewsWire
1 month ago
Emeren Announces Third Quarter 2024 Financial Results
NORWALK, Conn. , Nov. 14, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced its unaudited financial results for the third quarter ended September 30, 2024.
Positive
Seeking Alpha
1 month ago
Emeren Group: Guidance Appears Out Of Reach, But Potential For A Turning Point
Emeren Group's new business model focuses on solar project development in Europe, with a significant project pipeline and expected profitability improvements in H2 FY24. Despite positive guidance, Emeren reported a revenue decline and net loss in H1 FY24, raising doubts about achieving FY24 targets. The company has a high cash burn rate, with net cash dropping significantly, and may face increased debt or shareholder dilution without improved operating results.
Neutral
PRNewsWire
1 month ago
Emeren Group and Arpinge Partner to Develop 300 MW Battery Storage Portfolio in Italy
NORWALK, Conn. , Nov. 5, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced a co-development agreement with Arpinge, a permanent capital vehicle focused on sustainable infrastructure in Italy, to jointly develop a 300 MW Battery Energy Storage System (BESS) portfolio in Southern Italy.
Neutral
PRNewsWire
1 month ago
Emeren Group Announces Results of Annual General Meeting
NORWALK, Conn. , Nov. 4, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the results of its annual general meeting of shareholders held on November 1, 2024.
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