Quadrature Capital Ltd Has $71,000 Stock Holdings in Emeren Group Ltd (NYSE:SOL)

Quadrature Capital Ltd trimmed its stake in shares of Emeren Group Ltd (NYSE:SOL) by 56.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,052 shares of the semiconductor company’s stock after selling 33,633 shares during the period. Quadrature Capital Ltd’s holdings in Emeren Group were worth $71,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SOL. Janney Montgomery Scott LLC acquired a new stake in shares of Emeren Group during the third quarter worth $44,000. Alpine Global Management LLC acquired a new stake in shares of Emeren Group during the third quarter worth $62,000. GSA Capital Partners LLP raised its holdings in shares of Emeren Group by 63.6% during the third quarter. GSA Capital Partners LLP now owns 537,216 shares of the semiconductor company’s stock worth $1,655,000 after acquiring an additional 208,937 shares during the period. Shah Capital Management acquired a new stake in shares of Emeren Group during the fourth quarter worth $50,885,000. Finally, Monaco Asset Management SAM grew its position in Emeren Group by 49.6% in the fourth quarter. Monaco Asset Management SAM now owns 832,350 shares of the semiconductor company’s stock valued at $2,272,000 after purchasing an additional 276,023 shares in the last quarter. 44.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Northland Securities downgraded shares of Emeren Group from a “market perform” rating to an “under perform” rating and set a $1.50 target price for the company. in a research report on Friday, May 24th. StockNews.com raised shares of Emeren Group to a “sell” rating in a research report on Friday, May 24th. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 target price on shares of Emeren Group in a research report on Friday, May 24th. Finally, Northland Capmk downgraded shares of Emeren Group from a “hold” rating to a “strong sell” rating in a research report on Friday, May 24th. Three analysts have rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.38.

Emeren Group Stock Performance

Shares of SOL opened at $1.50 on Friday. The firm has a 50-day moving average of $1.77 and a 200-day moving average of $2.02. Emeren Group Ltd has a one year low of $1.46 and a one year high of $4.28. The company has a market cap of $90.34 million, a PE ratio of -5.77 and a beta of 1.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.65 and a quick ratio of 5.40.

Emeren Group (NYSE:SOL) last announced its quarterly earnings data on Thursday, May 23rd. The semiconductor company reported ($0.08) EPS for the quarter. Emeren Group had a negative net margin of 12.70% and a negative return on equity of 0.89%. The firm had revenue of $14.79 million during the quarter, compared to the consensus estimate of $18.24 million. As a group, equities analysts forecast that Emeren Group Ltd will post 0.29 earnings per share for the current year.

Emeren Group Profile

Emeren Group Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects. It owns and operates 3 gigawatt pipeline of projects and independent power producer assets. The company also develops community solar gardens; and sells project rights. In addition, it engages in engineering design; procurement of solar modules; balance-of-system components and other components; and construction contracting and management services.