Emeren Group (SOL) Projected to Post Earnings on Thursday

Emeren Group (NYSE:SOL) will likely be issuing its quarterly earnings data after the market closes on Thursday, March 13th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $40.13 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Emeren Group Price Performance

Emeren Group stock opened at $1.41 on Wednesday. The firm has a market capitalization of $72.01 million, a P/E ratio of -10.81 and a beta of 1.70. Emeren Group has a one year low of $1.37 and a one year high of $3.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.34 and a quick ratio of 4.34. The business has a fifty day moving average price of $1.81 and a 200-day moving average price of $2.05.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SOL. HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of Emeren Group in a research note on Friday, November 15th. StockNews.com upgraded shares of Emeren Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, BWS Financial reaffirmed a “sell” rating and set a $6.00 price objective on shares of Emeren Group in a research note on Monday, December 16th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Emeren Group presently has a consensus rating of “Hold” and a consensus target price of $4.38.

Emeren Group Company Profile

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.