HC Wainwright Expects Increased Earnings for Emeren Group

Emeren Group Ltd (NYSE:SOL) – HC Wainwright boosted their FY2025 earnings estimates for shares of Emeren Group in a report released on Friday, November 15th. HC Wainwright analyst A. Dayal now expects that the semiconductor company will post earnings per share of $0.56 for the year, up from their prior estimate of $0.54. HC Wainwright has a “Buy” rating and a $7.00 price target on the stock. The consensus estimate for Emeren Group’s current full-year earnings is $0.33 per share.

Several other analysts have also recently commented on SOL. Roth Mkm restated a “buy” rating and set a $3.00 price target on shares of Emeren Group in a report on Wednesday, August 21st. StockNews.com lowered shares of Emeren Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.83.

Emeren Group Stock Up 5.2 %

Shares of Emeren Group stock opened at $2.01 on Monday. The company has a current ratio of 4.27, a quick ratio of 4.27 and a debt-to-equity ratio of 0.07. Emeren Group has a 1 year low of $1.41 and a 1 year high of $3.00. The stock has a 50-day moving average price of $2.42 and a 200 day moving average price of $1.98. The company has a market cap of $103.03 million, a P/E ratio of -15.46 and a beta of 1.73.

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

Hedge Funds Weigh In On Emeren Group

Several institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in shares of Emeren Group during the 3rd quarter valued at about $88,000. Long Run Wealth Advisors LLC acquired a new position in Emeren Group during the third quarter valued at approximately $28,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of 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 valued at $72,000 after purchasing an additional 29,484 shares during the period. 44.08% of the stock is currently owned by institutional investors.

Insider Activity at Emeren Group

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

About Emeren Group

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.