Emeren Group FY2025 EPS Forecast Boosted by HC Wainwright

Emeren Group Ltd (NYSE:SOL) – Equities researchers at HC Wainwright boosted their FY2025 earnings per share estimates for Emeren Group in a report released on Friday, November 15th. HC Wainwright analyst A. Dayal now anticipates that the semiconductor company will earn $0.56 per share for the year, up from their prior forecast of $0.54. HC Wainwright has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for Emeren Group’s current full-year earnings is $0.33 per share.

Emeren Group (NYSE:SOL) last announced its quarterly earnings results on Tuesday, August 20th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Emeren Group had a negative net margin of 7.14% and a negative return on equity of 2.05%. The company had revenue of $30.06 million during the quarter, compared to analyst estimates of $21.10 million. During the same period in the prior year, the firm earned $0.14 EPS.

Several other research firms have also issued reports on SOL. StockNews.com lowered Emeren Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Roth Mkm reiterated a “buy” rating and issued a $3.00 target price on shares of Emeren Group in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.83.

Emeren Group Stock Down 4.5 %

NYSE:SOL opened at $1.91 on Monday. The stock’s fifty day moving average price is $2.42 and its two-hundred day moving average price is $1.98. The company has a market cap of $97.91 million, a price-to-earnings ratio of -14.69 and a beta of 1.73. Emeren Group has a 52-week low of $1.41 and a 52-week high of $3.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.27 and a current ratio of 4.27.

Insider Buying and Selling at Emeren Group

In other Emeren Group news, Chairman Shah Capital Management bought 26,843 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of $1.83 per share, for a total transaction of $49,122.69. Following the transaction, the chairman now directly owns 18,655,151 shares in the company, valued at approximately $34,138,926.33. This trade represents a 0.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 37.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SOL. Long Run Wealth Advisors LLC purchased a new stake in shares of Emeren Group during the 3rd quarter valued at $28,000. Mercer Global Advisors Inc. ADV lifted its holdings in Emeren Group by 160.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 47,809 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 29,484 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Emeren Group during the 3rd quarter valued at $88,000. Institutional investors and hedge funds own 44.08% of the company’s stock.

About Emeren Group

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.