Emeren Group Ltd which can be found using ticker (SOL) now have 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 12 and 9 calculating the mean target price we have $10.17. Given that the stocks previous close was at $4.08 this is indicating there is a potential upside of 149.3%. The 50 day MA is $4.76 and the 200 moving average now moves to $5.02. The total market capitalization for the company now stands at $277m. Company Website: https://emeren.com
The potential market cap would be $691m 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.
