Apollon Wealth Management LLC Purchases 9,100 Shares of Emeren Group Ltd (NYSE:SOL)

Apollon Wealth Management LLC increased its position in Emeren Group Ltd (NYSE:SOL) by 45.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,100 shares of the semiconductor company’s stock after buying an additional 9,100 shares during the quarter. Apollon Wealth Management LLC owned 0.06% of Emeren Group worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SOL. Shah Capital Management lifted its holdings in shares of Emeren Group by 0.4% in the 4th quarter. Shah Capital Management now owns 18,818,236 shares of the semiconductor company’s stock worth $38,201,000 after acquiring an additional 69,374 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Emeren Group during the 3rd quarter valued at $88,000. Finally, Long Run Wealth Advisors LLC bought a new stake in Emeren Group in the third quarter worth $28,000. Institutional investors own 44.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BWS Financial reaffirmed a “sell” rating and set a $6.00 price objective on shares of Emeren Group in a research note on Monday, December 16th. HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of Emeren Group in a research report on Friday, November 15th. Finally, StockNews.com upgraded Emeren Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.38.

Emeren Group Price Performance

Shares of SOL stock opened at $1.73 on Friday. The firm has a market cap of $88.78 million, a P/E ratio of -13.32 and a beta of 1.61. Emeren Group Ltd has a fifty-two week low of $1.41 and a fifty-two week high of $3.00. The business’s 50 day moving average price is $1.93 and its 200-day moving average price is $2.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.34 and a current ratio of 4.34.

Emeren Group Company Profile

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.