In last trading session, Emeren Group Ltd ADR (NYSE:SOL) saw 0.77 million shares changing hands with its beta currently measuring 1.70. Company’s recent per share price level of $2.39 trading at $0.02 or 0.84% at ring of the bell on the day assigns it a market valuation of $126.07M. That closing price of SOL’s stock is at a discount of -36.82% from its 52-week high price of $3.27 and is indicating a premium of 41.0% from its 52-week low price of $1.41. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.31 million shares which gives us an average trading volume of 231.33K if we extend that period to 3-months.
For Emeren Group Ltd ADR (SOL), analysts’ consensus is at an average recommendation of Strong Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.08 in the current quarter.
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Emeren Group Ltd ADR (NYSE:SOL) trade information
Upright in the green during last session for gaining 0.84%, in the last five days SOL remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $2.39 price level, adding 1.65% to its value on the day. Emeren Group Ltd ADR’s shares saw a change of -12.45% in year-to-date performance and have moved 6.22% in past 5-day. Emeren Group Ltd ADR (NYSE:SOL) showed a performance of 28.49% in past 30-days. Number of shares sold short was 1.43 million shares which calculate 5.42 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.75 to the stock, which implies a rise of 58.43% to its current value. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would jump 37.24% in reaching the projected high whereas dropping to the targeted low would mean a gain of 37.24% for stock’s current value.
Emeren Group Ltd ADR (SOL) estimates and forecasts
Statistics highlight that Emeren Group Ltd ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 23.83% of value to its shares in past 6 months, showing an annual growth rate of 1,250.00% while that of industry is -9.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 35.90% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 26.3M for the same. And 4 analysts are in estimates of company making revenue of 71.12M in the next quarter. Company posted 13.95M and 44M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 267.19% while estimates for its earnings growth in next 5 years are of 15.00%.
Emeren Group Ltd ADR (NYSE:SOL)’s Major holders
SHAH CAPITAL MANAGEMENT is the top institutional holder at SOL for having 18.63 million shares of worth $27.94 million. And as of 2024-06-30, it was holding 34.7935 of the company’s outstanding shares.
The second largest institutional holder is INVESCO LTD., which was holding about 0.99 million shares on 2024-06-30. The number of shares represents firm’s hold over 18.4467 of outstanding shares, having a total worth of $1.48 million.
