Emeren Group Ltd (NYSE:SOL – Get Free Report) saw a significant decline in short interest in September. As of September 15th, there was short interest totalling 1,430,000 shares, a decline of 13.9% from the August 31st total of 1,660,000 shares. Based on an average daily trading volume, of 226,700 shares, the short-interest ratio is currently 6.3 days.
Emeren Group Trading Up 0.8 %
Shares of NYSE SOL opened at $2.39 on Friday. Emeren Group has a twelve month low of $1.41 and a twelve month high of $3.27. The firm has a market cap of $122.51 million, a PE ratio of -9.19 and a beta of 1.71. The business has a fifty day simple moving average of $1.89 and a two-hundred day simple moving average of $1.84. The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 0.07.
Emeren Group (NYSE:SOL – Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). Emeren Group had a negative return on equity of 3.15% and a negative net margin of 20.91%. The business had revenue of $30.06 million during the quarter, compared to the consensus estimate of $21.10 million. During the same period last year, the firm earned $0.14 EPS. Analysts expect that Emeren Group will post 0.27 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Get Our Latest Stock Report on Emeren Group
Insider Buying and Selling
In other Emeren Group news, Chairman Shah Capital Management bought 26,843 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $1.83 per share, with a total value of $49,122.69. Following the completion of the acquisition, the chairman now owns 18,655,151 shares in the company, valued at approximately $34,138,926.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.02% of the stock is owned by company insiders.
Institutional Trading of Emeren Group
Institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its position 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 valued at $72,000 after buying an additional 29,484 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Emeren Group by 9.7% in the 1st quarter. GSA Capital Partners LLP now owns 747,448 shares of the semiconductor company’s stock valued at $1,443,000 after purchasing an additional 66,284 shares during the last quarter. Finally, Monaco Asset Management SAM boosted its stake in Emeren Group by 40.6% in the 1st quarter. Monaco Asset Management SAM now owns 1,170,000 shares of the semiconductor company’s stock worth $2,258,000 after purchasing an additional 337,650 shares in the last quarter. 44.08% of the stock is currently owned by institutional investors.
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.
Read More
- Five stocks we like better than Emeren Group
- Where to Find Earnings Call Transcripts
- CarMax’s Impressive Rally: What Investors Should Watch Next
- What is a Bond Market Holiday? How to Invest and Trade
- MarketBeat Week in Review – 9/23 – 9/27
- Conference Calls and Individual Investors
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Receive News & Ratings for Emeren Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emeren Group and related companies with MarketBeat.com's FREE daily email newsletter.