Emeren Group Ltd (SOL, Financial) saw a notable stock price increase of 5.06%, reaching $2.60 per share with a trading volume of 61,541 shares and a turnover rate of 0.12%. The stock experienced a 5.67% price swing. Recent financial reports indicate an operating income of $30.06 million, a net profit of $392,000, and an earnings per share of $0.01. The company reported a gross profit of $9.38 million and a price-to-earnings ratio of -8.34.
Analyst ratings reflect a positive outlook, with all three participating brokers recommending a buy, and none suggesting a hold or sell. This places Emeren Group Ltd favorably within the solar industry, which overall saw a decline of 0.55%.
Prominent gains were observed in related stocks such as Zeo Energy Corp C/Wts, Ftc Solar, Inc., and Tigo Energy, Inc. Active trading was noted in Pineapple Energy Inc., Vast Renewables Limited, and Maxeon Solar Technologies, Ltd., with turnover rates of 22.52%, 6.24%, and 5.16%, respectively. Stocks with significant volatility included Vast Renewables Limited C/Wts, Maxeon Solar Technologies, and Vast Renewables Limited, with price swings of 36.47%, 16.26%, and 15.56%.
Emeren Group Ltd is a solar energy project developer and operator specializing in project development, engineering, procurement and construction (EPC), and independent power production (IPP). The company earns the most revenue from EPC services and reports its highest geographic revenue from Poland, followed by the USA, Hungary, Spain, France, the UK, Germany, Italy, and China.
