During the last session, Emeren Group Ltd ADR (NYSE:SOL)’s traded shares were 0.32 million, with the beta value of the company hitting 1.75. At the end of the trading day, the stock’s price was $1.59, reflecting an intraday loss of -1.85% or -$0.03. The 52-week high for the SOL share is $3.00, that puts it down -88.68 from that peak though still a striking 34.59% gain since the share price plummeted to a 52-week low of $1.04. The company’s market capitalization is $81.60M, and the average intraday trading volume over the past 10 days was 0.97 million shares, and the average trade volume was 360.86K shares over the past three months.
Emeren Group Ltd ADR (SOL) received a consensus recommendation of Strong Buy from analysts. That translates to a mean rating of 1.00. SOL has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
Emeren Group Ltd ADR (NYSE:SOL) trade information
Emeren Group Ltd ADR (SOL) registered a -1.85% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.85% in intraday trading to $1.59, hitting a weekly high. The stock’s 5-day price performance is -4.22%, and it has moved by -3.05% in 30 days. Based on these gigs, the overall price performance for the year is -16.75%. The short interest in Emeren Group Ltd ADR (NYSE:SOL) is 1.08 million shares and it means that shorts have 4.26 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies an increase of 20.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $2 respectively. As a result, SOL is trading at a discount of -25.79% off the target high and -25.79% off the low.
Emeren Group Ltd ADR (SOL) estimates and forecasts
In the rating firms’ projections, revenue will decrease -8.65% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 13.62M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 18.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 14.79M and 30.06M respectively. In this case, analysts expect current quarter sales to shrink by -7.90% and then drop by -38.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -2.05%. While earnings are projected to return 152.19% in 2025.
SOL Dividends
Emeren Group Ltd ADR is due to release its next quarterly earnings on 2025-Mar-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Emeren Group Ltd ADR (NYSE:SOL)’s Major holders
Emeren Group Ltd ADR insiders own 1.06% of total outstanding shares while institutional holders control 44.49%, with the float percentage being 44.96%. SHAH CAPITAL MANAGEMENT is the largest shareholder of the company, while 46.0 institutions own stock in it. As of 2024-06-30, the company held over 18.63 million shares (or 3.6324% of all shares), a total value of $27.94 million in shares.
The next largest institutional holding, with 0.99 million shares, is of INVESCO LTD.’s that is approximately 1.8447% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.48 million.
Also, the Mutual Funds coming in first place with the largest holdings of Emeren Group Ltd ADR (SOL) shares are Invesco Exchange-Traded Fund Trust-Invesco WilderHill Clean Energy ETF and Tidal Trust II-Carbon Collective Climate Solutions U.S. Equity ETF . Data provided on Feb 28, 2025 indicates that Invesco Exchange-Traded Fund Trust-Invesco WilderHill Clean Energy ETF owns about 790.65 shares. This amounts to just over 4.53 percent of the company’s overall shares, with a $1.26 million market value. The same data shows that the other fund manager holds slightly less at 2.55, or about 0.01% of the stock, which is worth about $4054.0.
