Emeren Group (SOL) to Release Earnings on Thursday

Emeren Group (NYSE:SOL) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 22nd. Analysts expect Emeren Group to post earnings of ($0.03) per share and revenue of $13.62 million for the quarter. Emeren Group has set its FY 2025 guidance at EPS.

Emeren Group (NYSE:SOL) last posted its earnings results on Thursday, March 13th. The semiconductor company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.31). The company had revenue of $34.60 million for the quarter, compared to analyst estimates of $40.13 million. Emeren Group had a negative return on equity of 2.05% and a negative net margin of 7.14%. During the same quarter in the prior year, the business posted ($0.15) EPS. On average, analysts expect Emeren Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Emeren Group Stock Performance

NYSE:SOL opened at $1.59 on Wednesday. The stock has a market cap of $81.24 million, a P/E ratio of -12.19 and a beta of 2.10. The stock has a 50 day simple moving average of $1.45 and a 200 day simple moving average of $1.73. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.10. Emeren Group has a 1-year low of $1.04 and a 1-year high of $3.00.

Analyst Ratings Changes

Several research firms recently weighed in on SOL. HC Wainwright reissued a “buy” rating and set a $7.00 price target on shares of Emeren Group in a report on Friday, March 14th. StockNews.com lowered Emeren Group from a “hold” rating to a “sell” rating in a research note on Friday, March 14th. Finally, Roth Mkm lowered their price objective on Emeren Group from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Four investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to MarketBeat.com, Emeren Group has a consensus rating of “Hold” and a consensus price target of $4.13.

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.