Emeren Group’s (SOL) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Emeren Group (NYSE:SOL) in a report issued on Friday,Benzinga reports. HC Wainwright currently has a $7.00 target price on the semiconductor company’s stock. HC Wainwright also issued estimates for Emeren Group’s FY2025 earnings at $0.56 EPS.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut Emeren Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Roth Mkm reaffirmed a “buy” rating and set a $3.00 target price on shares of Emeren Group in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. According to MarketBeat.com, Emeren Group presently has an average rating of “Hold” and a consensus price target of $3.83.

Emeren Group Stock Up 5.2 %

Shares of Emeren Group stock opened at $2.01 on Friday. The firm has a market capitalization of $103.03 million, a PE ratio of -15.46 and a beta of 1.73. Emeren Group has a 12-month low of $1.41 and a 12-month high of $3.00. The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $2.42 and its 200-day moving average is $1.98.

Emeren Group (NYSE:SOL) last issued its earnings results on Tuesday, August 20th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). Emeren Group had a negative return on equity of 2.05% and a negative net margin of 7.14%. The firm had revenue of $30.06 million during the quarter, compared to analyst estimates of $21.10 million. During the same period in the previous year, the company earned $0.14 earnings per share. Equities analysts anticipate that Emeren Group will post 0.33 earnings per share for the current year.

Insider Transactions at Emeren Group

In other Emeren Group news, Chairman Shah Capital Management acquired 26,843 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $1.83 per share, for a total transaction of $49,122.69. Following the transaction, the chairman now owns 18,655,151 shares in the company, valued at $34,138,926.33. This trade represents a 0.14 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 37.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in Emeren Group in the 3rd quarter valued at about $88,000. Mercer Global Advisors Inc. ADV lifted its holdings in Emeren Group by 160.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 47,809 shares of the semiconductor company’s stock worth $72,000 after buying an additional 29,484 shares in the last quarter. Finally, Long Run Wealth Advisors LLC bought a new position in Emeren Group in the 3rd quarter valued at $28,000. 44.08% of the stock is owned by institutional investors.

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.