Emeren Group (SOL) Projected to Post Quarterly Earnings on Thursday

Emeren Group (NYSE:SOL) is projected to announce its earnings results after the market closes on Thursday, March 13th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $40.13 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Emeren Group Stock Up 2.3 %

Shares of NYSE:SOL opened at $1.53 on Thursday. The business’s 50 day simple moving average is $1.87 and its two-hundred day simple moving average is $2.07. The firm has a market cap of $78.16 million, a P/E ratio of -11.73 and a beta of 1.61. 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 has a 52-week low of $1.41 and a 52-week high of $3.00.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com raised Emeren Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of Emeren Group in a research report on Friday, November 15th. Finally, BWS Financial reiterated a “sell” rating and set a $6.00 target price on shares of Emeren Group in a report on Monday, December 16th. Three 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.38.

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.