Emeren Group Ltd with ticker code (SOL) have now 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 12 and 9 and has a mean target at $10.13. Given that the stocks previous close was at $4.15 this now indicates there is a potential upside of 144.1%. The 50 day MA is $4.54 and the 200 day moving average is $4.99. The company has a market cap of $276m. Company Website: https://emeren.com
The potential market cap would be $674m based on the market consensus.
Emeren Group Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in Europe, North America, and Asia. It owns and operates with a ~3 GW pipeline of projects and IPP assets. The company also develops community solar gardens; and sells project rights. In addition, its engineering, procurement, and construction business provides engineering design, procurement of solar modules, balance-of-system components and other components, and construction contracting and management services. Further, the company generates and sells electricity. The company was formerly known as ReneSola Ltd and changed its name to Emeren Group Ltd in January 2023. Emeren Group Ltd was founded in 2005 and is headquartered in Stamford, Connecticut.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 45.67, revenue per share of 12.54 and a 0.91% return on assets.
