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Emeren Group Ltd. Sponsored ADR (SOL)

(Real Time Quote from BATS)

$1.70 USD

1.70
74,505

+0.01 (0.59%)

Updated Apr 24, 2024 10:28 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

A Value D Growth A Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 33% (169 out of 252)

Industry: Solar

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Balance Sheet

Research for SOL

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Emeren Group Ltd Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents -99,999 107 254 41 25
Receivables NA 73 51 24 22
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 41 24 72 57
Total Current Assets NA 221 329 137 103
Net Property & Equipment NA 170 126 123 150
Investments & Advances NA 10 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 27 7 1 1
Intangibles NA 1 1 1 0
Deposits & Other Assets NA 21 25 26 17
Total Assets NA 494 529 337 320
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable NA 0 0 0 0
Accounts Payable NA 7 4 6 20
Current Portion Long-Term Debt NA 1 0 41 38
Current Portion Capital Leases NA 10 11 8 0
Accrued Expenses NA 1 0 0 0
Income Taxes Payable NA 1 1 1 1
Other Current Liabilities NA 23 18 31 49
Total Current Liabilities NA 43 35 88 109
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 4 0 0 3
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 23 0 0 0
Non-Current Capital Leases NA 15 30 44 0
Other Non-Current Liabilities NA 0 0 0 47
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 105 81 154 182
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 806 847 575 530
Capital Surplus NA 14 12 8 10
Retained Earnings NA -437 -433 -440 -442
Other Equity NA 26 40 41 40
Treasury Stock NA 20 18 0 0
Total Shareholder's Equity NA 389 448 183 138
Total Liabilities & Shareholder's Equity NA 494 529 337 320
Total Common Equity 0 389 448 183 138
Shares Outstanding 60.20 60.20 67.10 69.50 38.00
Book Value Per Share 0.00 6.46 6.68 2.64 3.62

Fiscal Year End for Emeren Group Ltd Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 -99,999 69 71 77
Receivables NA NA 79 87 80
Notes Receivable NA NA 0 0 0
Inventories NA NA 0 0 0
Other Current Assets NA NA 66 71 54
Total Current Assets NA NA 214 229 211
Net Property & Equipment NA NA 186 192 204
Investments & Advances NA NA 0 0 0
Other Non-Current Assets NA NA 0 0 0
Deferred Charges NA NA 0 0 0
Intangibles NA NA 0 1 1
Deposits & Other Assets NA NA 18 18 22
Total Assets NA NA 454 478 482
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA NA 0 0 0
Accounts Payable NA NA 3 5 6
Current Portion Long-Term Debt NA NA 1 1 1
Current Portion Capital Leases NA NA 0 6 8
Accrued Expenses NA NA 1 1 1
Income Taxes Payable NA NA 0 2 1
Other Current Liabilities NA NA 33 26 25
Total Current Liabilities NA NA 40 42 44
Mortgages NA NA 0 0 0
Deferred Taxes/Income NA NA 3 4 4
Convertible Debt NA NA 0 0 0
Long-Term Debt NA NA 22 23 22
Non-Current Capital Leases NA NA 0 0 0
Other Non-Current Liabilities NA 12 13 15
Minority Interest (Liabilities) NA NA 0 0 0
Total Liabilities NA NA 94 99 105
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA NA 0 0 0
Common Stock (Par) NA NA 807 807 806
Capital Surplus NA NA 15 14 14
Retained Earnings NA NA -439 -429 -438
Other Equity NA NA 17 22 27
Treasury Stock NA NA 39 35 33
Total Shareholder's Equity NA NA 361 379 377
Total Liabilities & Shareholder's Equity NA NA 454 478 482
Total Common Equity 0 0 361 379 377
Shares Outstanding 60.20 60.20 60.20 60.20 60.20
Book Value Per Share 0.00 0.00 5.99 6.29 6.26