Emeren Group Ltd ADR [SOL] stock prices are up 21.24% to $2.34 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SOL shares have gain 26.49% over the last week, with a monthly amount glided 4.93%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 28, March 2024, Emeren Announces Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Emeren Group Ltd (“Emeren” or the “Company”) (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Emeren’s fourth quarter and full year 2023 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the Investor Relations section of Emeren Group Ltd’s website at https://ir.emeren.com/.
From an analyst’s perspective:
Emeren Group Ltd ADR [NYSE: SOL] stock has seen the most recent analyst activity on November 22, 2023, when Northland Capital downgraded its rating to a Market Perform and also revised its price target to $3.20 from $6. Previously, Northland Capital started tracking the stock with Outperform rating on September 13, 2022, and set its price target to $8. On January 05, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $10 on the stock. Raymond James upgraded its rating to a Strong Buy but stick to its price target of $12.50 on January 04, 2022. Raymond James initiated its recommendation with a Outperform and recommended $14.50 as its price target on March 09, 2021. Imperial Capital reiterated a Outperform rating for this stock on May 02, 2019, and upped its price target to $22. In a note dated October 16, 2017, ROTH Capital upgraded an Neutral rating on this stock.
The stock price of Emeren Group Ltd ADR [SOL] has been fluctuating between $1.54 and $4.54 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Emeren Group Ltd ADR [NYSE: SOL] shares were valued at $2.34 at the most recent close of the market. An investor can expect a potential return of 327.35% based on the average SOL price forecast.
Analyzing the SOL fundamentals
The Emeren Group Ltd ADR [NYSE:SOL] reported sales of 104.67M for trailing twelve months, representing a surge of 7.84%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.0200 points at the first support level, and at 1.7100 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.5700, and for the 2nd resistance point, it is at 2.8100.
Emeren Group Ltd ADR [SOL] reported earnings per share of -$0.15 for its fiscal quarter that ended on 12/30/2023. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.17 per share as compared to estimates of $0.06 per share, a difference of -$0.23 representing a surprise of -383.30%.
Ratios To Look Out For
It’s worth pointing out that Emeren Group Ltd ADR [NYSE:SOL]’s Current Ratio is 3.17. Also, the Quick Ratio is 4.33, while the Cash Ratio stands at 1.2. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 0.44.
Transactions by insiders
Recent insider trading involved SHAH CAPITAL MANAGEMENT, Chairman, that happened on Dec 12 ’23 when 0.34 million shares were purchased. Chairman, SHAH CAPITAL MANAGEMENT completed a deal on Dec 11 ’23 to buy 0.25 million shares. Meanwhile, Chairman SHAH CAPITAL MANAGEMENT bought 0.15 million shares on Dec 05 ’23.
