Emeren Group’s (SOL) Sell Rating Reiterated at BWS Financial

BWS Financial reissued their sell rating on shares of Emeren Group (NYSE:SOL) in a research note released on Monday morning,Benzinga reports. They currently have a $6.00 target price on the semiconductor company’s stock.

Other research analysts have also recently issued research reports about the stock. Roth Mkm reaffirmed a “buy” rating and set a $3.00 price objective on shares of Emeren Group in a report on Wednesday, August 21st. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price target on shares of Emeren Group in a research note on Friday, November 15th. Finally, StockNews.com upgraded Emeren Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emeren Group has an average rating of “Hold” and an average price target of $4.38.

Emeren Group Price Performance

NYSE:SOL opened at $1.78 on Monday. The company has a market capitalization of $91.23 million, a price-to-earnings ratio of -13.69 and a beta of 1.64. The company has a 50-day moving average of $2.17 and a 200-day moving average of $1.97. Emeren Group has a 52 week low of $1.41 and a 52 week high of $3.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.34 and a current ratio of 4.34.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Long Run Wealth Advisors LLC bought a new stake in Emeren Group during the 3rd quarter worth approximately $28,000. Mercer Global Advisors Inc. ADV boosted its stake in Emeren Group by 160.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 47,809 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 29,484 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Emeren Group during the third quarter worth $88,000. Institutional investors own 44.08% of the company’s stock.

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.