Emeren Group (SOL) Set to Announce Earnings on Thursday

Emeren Group (NYSE:SOL) will release its earnings data after the market closes on Thursday, March 28th. Analysts expect Emeren Group to post earnings of $0.00 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Emeren Group Stock Performance

NYSE:SOL opened at $1.92 on Wednesday. The stock has a market cap of $115.32 million, a P/E ratio of 38.31 and a beta of 1.79. The company has a current ratio of 5.40, a quick ratio of 5.40 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average is $1.97 and its 200-day moving average is $2.43. Emeren Group has a 1-year low of $1.54 and a 1-year high of $4.54.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC bought a new stake in Emeren Group in the second quarter valued at $41,000. Alliancebernstein L.P. bought a new stake in Emeren Group in the 3rd quarter valued at about $55,000. Envestnet Asset Management Inc. bought a new stake in Emeren Group in the 1st quarter valued at about $64,000. Verition Fund Management LLC bought a new stake in Emeren Group in the 1st quarter valued at about $67,000. Finally, JPMorgan Chase & Co. increased its position in Emeren Group by 4,684.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,127 shares of the semiconductor company’s stock valued at $76,000 after buying an additional 16,769 shares in the last quarter. 44.08% of the stock is owned by institutional investors.

Emeren Group Company Profile

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.