Emeren Group Ltd with ticker code (SOL) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 12 and 9 suggesting an average Analsyt target price of $10.17. Given that the stocks previous close was at $4.13 this would imply there is now a potential upside of 146.2%. The 50 day MA is $4.73 and the 200 day moving average is $5.01. The market cap for the company is $274m. Find out more information at: 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.
