Emeren Group: Over-Optimism Should Be Set Aside [Seeking Alpha]
Emeren Group Ltd American Depositary Shares, each representing 10 shares (SOL)
Last emeren group ltd american depositary shares, each representing 10 shares earnings: 11/19 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
ir.renesolapower.com
Company Research
Source: Seeking Alpha
The company is increasingly focusing on the European market, which to date is less competitive than the U.S. market. FY23 was characterized by disappointing results, below management's guidance, and I expect that those for FY24 will not be met as well. Emeren Group ( NYSE: SOL ) is a company headquartered in the British Virgin Islands that operates globally as an EPC (Engineering, Procurement, and Construction) and IPP (Independent Power Producer). SOL has a portfolio of 245MW of PV systems, 15MWh of storage systems, and an advanced stage solar project pipeline of 3100 MW and a storage project pipeline of 5179 MW. In FY23 , the company achieved disappointing results both in terms of revenue and profit due to the delay of 6 projects between Europe and US, expected to date in the first half of FY24. Despite this, the FY24 guidance released by management appears to be positive, particularly in the second half of the year with a targeted profit of around $25m. One of the most int
Show less
Read more
Impact Snapshot
Event Time:
SOL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SOL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SOL alerts
High impacting Emeren Group Ltd American Depositary Shares, each representing 10 shares news events
Weekly update
A roundup of the hottest topics
SOL
News
- Emeren to Participate at the Roth MKM 10th Annual London ConferencePR Newswire
- Emeren Group Ltd (NYSE: SOL) was downgraded by analysts at Northland Capmk from a "hold" rating to a "strong sell" rating.MarketBeat
- Emeren Group Ltd (NYSE: SOL) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Emeren Group Ltd (NYSE: SOL) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $7.00 price target on the stock.MarketBeat
- Emeren Group Ltd (NYSE: SOL) was downgraded by analysts at Northland Securities from a "market perform" rating to an "under perform" rating.MarketBeat
SOL
Earnings
- 5/24/24 - Miss
SOL
Sec Filings
- 5/28/24 - Form 8-K
- 5/16/24 - Form NT
- 5/7/24 - Form 8-K
- SOL's page on the SEC website