Emeren Group Ltd (NYSE:SOL – Get Free Report)’s inventory worth crossed above its 200-day transferring common throughout buying and selling on Monday . The inventory has a 200-day transferring common of $1.95 and traded as excessive as $2.58. Emeren Group shares final traded at $2.47, with a quantity of 146,423 shares traded.
Wall Avenue Analyst Weigh In
A number of equities analysis analysts have issued experiences on SOL shares. HC Wainwright restated a “purchase” ranking and set a $7.00 goal worth on shares of Emeren Group in a analysis report on Wednesday, August twenty first. Roth Mkm reissued a “purchase” ranking and issued a $3.00 goal worth on shares of Emeren Group in a analysis notice on Wednesday, August twenty first. Lastly, StockNews.com raised Emeren Group from a “promote” ranking to a “maintain” ranking in a analysis notice on Tuesday. Two analysts have rated the inventory with a promote ranking, one has given a maintain ranking and two have given a purchase ranking to the corporate’s inventory. In response to MarketBeat.com, the inventory has a consensus ranking of “Maintain” and a consensus worth goal of $3.83.
Emeren Group Inventory Up 0.4 %
The inventory has a 50 day transferring common worth of $2.36 and a 200-day transferring common worth of $1.95. The inventory has a market capitalization of $126.60 million, a P/E ratio of -6.33 and a beta of 1.74. The corporate has a debt-to-equity ratio of 0.07, a present ratio of 4.27 and a fast ratio of 4.27.
Emeren Group (NYSE:SOL – Get Free Report) final introduced its quarterly earnings knowledge on Tuesday, August twentieth. The semiconductor firm reported $0.01 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.07 by ($0.06). The corporate had income of $30.06 million for the quarter, in comparison with the consensus estimate of $21.10 million. Emeren Group had a destructive web margin of 20.91% and a destructive return on fairness of three.15%. Throughout the identical interval final yr, the enterprise posted $0.14 earnings per share. As a bunch, analysis analysts count on that Emeren Group Ltd will put up 0.33 EPS for the present fiscal yr.
Insider Transactions at Emeren Group
In associated information, Chairman Shah Capital Administration acquired 26,843 shares of the inventory in a transaction on Tuesday, September third. The inventory was acquired at a mean value of $1.83 per share, for a complete transaction of $49,122.69. Following the completion of the acquisition, the chairman now straight owns 18,655,151 shares of the corporate’s inventory, valued at roughly $34,138,926.33. This represents a 0.00 % improve of their place. The acquisition was disclosed in a submitting with the Securities & Trade Fee, which will be accessed by way of this hyperlink. 37.31% of the inventory is presently owned by firm insiders.
Institutional Buying and selling of Emeren Group
Institutional traders and hedge funds have lately purchased and offered shares of the inventory. Monaco Asset Administration SAM elevated its stake in shares of Emeren Group by 40.6% throughout the first quarter. Monaco Asset Administration SAM now owns 1,170,000 shares of the semiconductor firm’s inventory valued at $2,258,000 after buying an extra 337,650 shares within the final quarter. GSA Capital Companions LLP elevated its place in shares of Emeren Group by 9.7% throughout the first quarter. GSA Capital Companions LLP now owns 747,448 shares of the semiconductor firm’s inventory valued at $1,443,000 after buying an extra 66,284 shares within the final quarter. Mercer International Advisors Inc. ADV elevated its place in shares of Emeren Group by 160.9% throughout the second quarter. Mercer International Advisors Inc. ADV now owns 47,809 shares of the semiconductor firm’s inventory valued at $72,000 after buying an extra 29,484 shares within the final quarter. Lastly, Lengthy Run Wealth Advisors LLC purchased a brand new stake in shares of Emeren Group throughout the third quarter valued at roughly $28,000. 44.08% of the inventory is presently owned by hedge funds and different institutional traders.
Emeren Group Firm Profile
Emeren Group Ltd, along with its subsidiaries, develops, builds, and sells solar energy tasks. It owns and operates 3-gigawatt pipeline of tasks and impartial energy producer property, in addition to a 10-gigawatt pipeline of storage pipeline. The corporate develops neighborhood photo voltaic gardens; and sells mission rights.
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