In the last trading session, 1.23 million Emeren Group Ltd ADR (NYSE:SOL) shares changed hands as the company’s beta touched 1.76. With the company’s per share price at $1.19 changed hands at -$0.28 or -19.05% during last session, the market valuation stood at $62.77M. SOL’s last price was a discount, traded about -152.1% off its 52-week high of $3.00. The share price had its 52-week low at $1.30, which suggests the last value was -9.24% down since then. When we look at Emeren Group Ltd ADR’s average trading volume, we note the 10-day average is 0.35 million shares, with the 3-month average coming to 224.56K.
Analysts gave the Emeren Group Ltd ADR (SOL) stock a consensus recommendation rating of Strong Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended SOL as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight.
Emeren Group Ltd ADR (NYSE:SOL) trade information
Instantly SOL was in red as seen at the end of in last trading. With action -20.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -41.38%, with the 5-day performance at -20.13% in the red. However, in the 30-day time frame, Emeren Group Ltd ADR (NYSE:SOL) is -28.74% down. Looking at the short shares, we see there were 0.93 million shares sold at short interest cover period of 5.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.75, meaning bulls need an upside of 79.3% from its current market value. According to analyst projections, SOL’s forecast low is 1.5 with 10 as the target high. To hit the forecast high, the stock’s price needs a -740.34% plunge from its current level, while the stock would need to soar -26.05% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -61.73%. The 2025 estimates are for Emeren Group Ltd ADR earnings to increase by 152.19%.
SOL Dividends
Emeren Group Ltd ADR is expected to release its next quarterly earnings report on 2025-Mar-12.
Emeren Group Ltd ADR (NYSE:SOL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.06% of Emeren Group Ltd ADR shares while 45.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.58%. There are 45.10% institutions holding the Emeren Group Ltd ADR stock share, with SHAH CAPITAL MANAGEMENT the top institutional holder. As of 2024-06-30, the company held 3.6324% of the shares, roughly 18.63 million SOL shares worth $27.94 million.
INVESCO LTD. holds the second largest percentage of outstanding shares, with 1.8447% or 0.99 million shares worth $1.48 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Tidal Tr II-Carbon Collective Climate Solutions U.S. Equity ETF . With 756.48 shares estimated at $0.9 million under it, the former controlled 4.33% of total outstanding shares. On the other hand, Tidal Tr II-Carbon Collective Climate Solutions U.S. Equity ETF held about 0.01% of the shares, roughly 2.55 shares worth around $3034.0.
