1 day Ago By Defense World Staff
Emeren Group Ltd ( NYSE:SOL – Get Free Report ) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.83 and traded as high as $2.
39. Emeren Group shares last traded at $2.38, with a volume of 238,857 shares trading hands.
Wall Street Analysts Forecast Growth A number of equities analysts recently issued reports on the stock. HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Emeren Group in a research note on Wednesday, August 21st.
Roth Mkm reissued a “buy” rating and issued a $3.00 target price on shares of Emeren Group in a research report on Wednesday, August 21st. StockNews.
com upgraded Emeren Group to a “sell” rating in a research note on Friday, May 24th. Northland Securities cut Emeren Group from a “market perform” rating to an “under perform” rating and set a $1.50 price target on the stock.
in a research note on Friday, May 24th. Finally, Northland Capmk lowered Emeren Group from a “hold” rating to a “strong sell” rating in a research report on Friday, May 24th. Three equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.88. Check Out Our Latest Analysis on SOL Emeren Group Stock Up 6.
2 % Emeren Group ( NYSE:SOL – Get Free Report ) last released its earnings results on Tuesday, August 20th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.
07 by ($0.06). Emeren Group had a negative return on equity of 3.
15% and a negative net margin of 20.91%. The company had revenue of $30.
06 million during the quarter, compared to the consensus estimate of $21.10 million. During the same period last year, the firm posted $0.
14 earnings per share. Analysts forecast that Emeren Group Ltd will post 0.27 earnings per share for the current year.
Insider Activity at Emeren Group In other news, Chairman Shah Capital Management purchased 26,843 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $1.83 per share, for a total transaction of $49,122.
69. Following the completion of the acquisition, the chairman now directly owns 18,655,151 shares in the company, valued at approximately $34,138,926.33.
The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website . 18.02% of the stock is currently owned by insiders.
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV raised its holdings in shares of Emeren Group by 160.
9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 47,809 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 29,484 shares during the last quarter.
Monaco Asset Management SAM grew its position in Emeren Group by 40.6% in the 1st quarter. Monaco Asset Management SAM now owns 1,170,000 shares of the semiconductor company’s stock worth $2,258,000 after purchasing an additional 337,650 shares during the period.
Finally, GSA Capital Partners LLP raised its stake in Emeren Group by 9.7% during the 1st quarter. GSA Capital Partners LLP now owns 747,448 shares of the semiconductor company’s stock valued at $1,443,000 after buying an additional 66,284 shares during the last quarter.
44.08% of the stock is owned by institutional investors. About Emeren Group ( Get Free Report ) Emeren Group Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects.
It owns and operates 3 gigawatt pipeline of projects and independent power producer assets. The company also develops community solar gardens; and sells project rights. In addition, it engages in engineering design; procurement of solar modules; balance-of-system components and other components; and construction contracting and management services.
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