Emeren Group (NYSE:SOL – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 14th. Analysts expect Emeren Group to post earnings of $0.09 per share for the quarter. Emeren Group has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Emeren Group (NYSE:SOL – Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $21.10 million. Emeren Group had a negative net margin of 20.91% and a negative return on equity of 3.15%. During the same period in the prior year, the business posted $0.14 EPS. On average, analysts expect Emeren Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Emeren Group Stock Performance
Emeren Group stock opened at $2.04 on Wednesday. The firm has a fifty day simple moving average of $2.42 and a two-hundred day simple moving average of $1.97. Emeren Group has a twelve month low of $1.41 and a twelve month high of $3.00. The company has a market capitalization of $104.56 million, a PE ratio of -5.23 and a beta of 1.73. The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 0.07.
Insider Buying and Selling
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. HC Wainwright restated a “buy” rating and set a $7.00 target price on shares of Emeren Group in a report on Wednesday, August 21st. Roth Mkm reissued a “buy” rating and set a $3.00 price objective on shares of Emeren Group in a research note on Wednesday, August 21st. Finally, StockNews.com upgraded shares of Emeren Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Emeren Group currently has a consensus rating of “Hold” and a consensus target price of $3.83.
Read Our Latest Analysis on SOL
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.
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