Emeren Group (SOL) to Release Quarterly Earnings on Thursday

Emeren Group (NYSE:SOLGet Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 23rd. Emeren Group has set its FY 2024 guidance at 0.500- EPS.Parties that wish to register for the company’s conference call can do so using this link.

Emeren Group (NYSE:SOLGet Free Report) last posted its earnings results on Thursday, March 28th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The company had revenue of $44.00 million for the quarter, compared to analyst estimates of $39.22 million. Emeren Group had a positive return on equity of 0.26% and a negative net margin of 8.91%. 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

NYSE SOL opened at $1.97 on Wednesday. The firm has a 50-day moving average of $1.93 and a 200-day moving average of $2.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.40 and a current ratio of 5.40. The stock has a market cap of $118.64 million, a PE ratio of -10.94 and a beta of 1.80. Emeren Group has a 52-week low of $1.54 and a 52-week high of $4.28.

Analysts Set New Price Targets

SOL has been the subject of a number of research reports. StockNews.com upgraded shares of Emeren Group to a “sell” rating in a research note on Monday, April 1st. HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of Emeren Group in a research note 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.80.

Read Our Latest Research Report on Emeren Group

Emeren Group Company Profile

(Get Free Report)

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.

See Also

Earnings History for Emeren Group (NYSE:SOL)

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.