Emeren Group (NYSE:SOL) Given “Sell” Rating at BWS Financial

BWS Financial reissued their sell rating on shares of Emeren Group (NYSE:SOL) in a report issued on Monday morning,Benzinga reports. They currently have a $6.00 target price on the semiconductor company’s stock.

SOL has been the subject of several other research reports. StockNews.com upgraded shares of Emeren Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. HC Wainwright reiterated a “buy” rating and set a $7.00 target price on shares of Emeren Group in a research note on Friday, November 15th. Finally, Roth Mkm reiterated a “buy” rating and set a $3.00 target price on shares of Emeren Group in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.38.

Emeren Group Stock Up 6.2 %

SOL stock opened at $1.89 on Monday. The firm has a market cap of $96.88 million, a PE ratio of -14.54 and a beta of 1.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.34 and a current ratio of 4.34. The firm’s 50 day moving average price is $2.20 and its 200-day moving average price is $1.97. Emeren Group has a one year low of $1.41 and a one year high of $3.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its position in shares of Emeren Group by 160.9% in 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. Long Run Wealth Advisors LLC acquired a new stake in shares of Emeren Group in the third quarter valued at approximately $28,000. Finally, XTX Topco Ltd acquired a new stake in shares of Emeren Group in the third quarter valued at approximately $88,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

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.