Q3 2024 EPS Estimates for Emeren Group Ltd Raised by Northland Capmk (NYSE:SOL)

Emeren Group Ltd (NYSE:SOL) – Equities research analysts at Northland Capmk upped their Q3 2024 EPS estimates for Emeren Group in a research note issued on Wednesday, April 3rd. Northland Capmk analyst D. Schafer now anticipates that the semiconductor company will earn $0.10 per share for the quarter, up from their prior forecast of $0.09. The consensus estimate for Emeren Group’s current full-year earnings is $0.38 per share. Northland Capmk also issued estimates for Emeren Group’s Q4 2024 earnings at $0.06 EPS.

A number of other research analysts have also recently commented on SOL. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 target price on shares of Emeren Group in a research report on Monday, April 1st. StockNews.com raised shares of Emeren Group to a “sell” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.80.

Emeren Group Trading Up 2.6 %

NYSE SOL opened at $2.21 on Monday. The firm’s 50-day moving average is $2.00 and its two-hundred day moving average is $2.36. Emeren Group has a 12 month low of $1.54 and a 12 month high of $4.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.40 and a quick ratio of 5.40. The stock has a market capitalization of $132.79 million, a P/E ratio of -12.25 and a beta of 1.78.

Institutional Trading of Emeren Group

Hedge funds have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Emeren Group during the second quarter worth about $41,000. Alliancebernstein L.P. acquired a new stake in Emeren Group in the third quarter valued at approximately $55,000. Envestnet Asset Management Inc. acquired a new stake in Emeren Group in the first quarter valued at approximately $64,000. Verition Fund Management LLC acquired a new stake in Emeren Group in the first quarter valued at approximately $67,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Emeren Group in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

Emeren Group Company Profile

Emeren Group Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It owns and operates 3 gigawatt pipeline of projects and independent power producer assets. The company also develops community solar gardens; and sells project rights. In addition, it engages in engineering design; procurement of solar modules; balance-of-system components and other components; and construction contracting and management services.