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 with the average target price sitting at $10.17. Now with the previous closing price of $4.23 this now indicates there is a potential upside of 140.4%. The 50 day MA is $4.83 and the 200 moving average now moves to $5.04. The market cap for the company is $293m. Company Website: https://emeren.com
The potential market cap would be $705m based on the market consensus.
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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.