Emeren Group Ltd. Sponsored ADR (SOL)
(Real Time Quote from BATS)
$2.42 USD
+0.09 (3.86%)
Updated Sep 24, 2024 09:50 AM ET
3-Hold of 5 3
A Value F Growth F Momentum D VGM
Company Summary
Incorporated in March 2006 as ReneSola, the company has been renamed as Emeren Group Ltd ("Emeren") in 2023, along with a new branding identity while retaining the trading symbol of "SOL". The company, currently based in Stamford, CT, originally used to manufacture and sell solar wafers, modules and related products, in China. However, in April 2006, the company discontinued the sale of solar modules, and concentrated on the production and sale of solar wafers. In 2008, the company got enlisted on the New York Stock Exchange.
Starting 2012, the company has been expanding its operations ...
Company Summary
Incorporated in March 2006 as ReneSola, the company has been renamed as Emeren Group Ltd ("Emeren") in 2023, along with a new branding identity while retaining the trading symbol of "SOL". The company, currently based in Stamford, CT, originally used to manufacture and sell solar wafers, modules and related products, in China. However, in April 2006, the company discontinued the sale of solar modules, and concentrated on the production and sale of solar wafers. In 2008, the company got enlisted on the New York Stock Exchange.
Starting 2012, the company has been expanding its operations into the global energy-efficient products and services business and downstream solar power projects in overseas markets. Since 2015, it has also been recording revenues from continuing operations from the sales of solar power projects. In September 2017, it completed a non-cash restructuring following, which, among other things, substantially all the assets and liabilities related to its manufacturing businesses, including polysilicon, solar wafer, solar cell and solar module manufacturing, as well as the LED distribution business were transferred to Emeren Singapore Pte. Ltd. Since September 2017, Emeren has become a solar project developer and operator, with robust pipeline projects worldwide.
In 2020, Emeren moved its headquarters to Connecticut in the United States from China and switched its long-term growth strategy from focusing on its traditional market in China to a global expansion roadmap. The company now primarily focuses on the promising markets in the United States and Europe.
Emeren is a leading international brand in solar project development, construction, operations and asset management. The company operates on a global scale, which includes major solar power markets such as China, the United States, Canada, the UK, France, Spain, Turkey, Poland, Japan, and Thailand. By leveraging its global presence and extensive distribution and sales network, Emeren is well-positioned to develop high quality green energy projects with attractive returns around the world.
General Information
Emeren Group Ltd Sponsored ADR
149 WATER STREET SUITE 302
NORWALK, CT 06854
Phone: 925-425-7335
Fax: 347-577-9985
Web: https://emeren.com
Email: ir@emeren.com
Industry | Solar |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/19/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.09 |
Current Year EPS Consensus Estimate | 0.27 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 11/19/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 2.33 |
52 Week High | 3.27 |
52 Week Low | 1.41 |
Beta | 1.71 |
20 Day Moving Average | 268,801.66 |
Target Price Consensus | 4.38 |
4 Week | 21.99 |
12 Week | 48.41 |
YTD | -14.65 |
4 Week | 19.82 |
12 Week | 42.09 |
YTD | -28.81 |
Shares Outstanding (millions) | 51.26 |
Market Capitalization (millions) | 119.42 |
Short Ratio | NA |
Last Split Date | 2/10/2017 |
Dividend Yield | 0.00% |
Annual Dividend | $0.00 |
Payout Ratio | NA |
Change in Payout Ratio | NA |
Last Dividend Payout / Amount | NA / $0.00 |
Fundamental Ratios
P/E (F1) | 8.71 |
Trailing 12 Months | NA |
PEG Ratio | NA |
vs. Previous Year | -92.86% |
vs. Previous Quarter | 112.50% |
vs. Previous Year | -11.19% |
vs. Previous Quarter | 103.27% |
Price/Book | 0.40 |
Price/Cash Flow | 15.94 |
Price / Sales | 1.16 |
6/30/24 | -3.15 |
3/31/24 | -0.89 |
12/31/23 | 0.26 |
6/30/24 | -2.41 |
3/31/24 | -0.69 |
12/31/23 | 0.21 |
6/30/24 | 4.27 |
3/31/24 | 3.80 |
12/31/23 | 3.97 |
6/30/24 | 4.27 |
3/31/24 | 3.80 |
12/31/23 | 3.97 |
6/30/24 | -10.89 |
3/31/24 | -3.04 |
12/31/23 | 0.93 |
6/30/24 | -20.91 |
3/31/24 | -12.70 |
12/31/23 | -8.91 |
6/30/24 | -12.10 |
3/31/24 | -6.46 |
12/31/23 | -2.75 |
6/30/24 | 5.77 |
3/31/24 | 5.79 |
12/31/23 | 6.03 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 0.07 |
3/31/24 | 0.07 |
12/31/23 | 0.09 |
6/30/24 | 6.17 |
3/31/24 | 6.20 |
12/31/23 | 8.54 |