Emeren Group (NYSE:SOL) Given New $2.00 Price Target at Roth Mkm

Emeren Group (NYSE:SOL) had its price target cut by Roth Mkm from $3.00 to $2.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

SOL has been the subject of a number of other research reports. StockNews.com lowered shares of Emeren Group from a “hold” rating to a “sell” rating in a research note on Friday. BWS Financial restated a “sell” rating and set a $6.00 price target on shares of Emeren Group in a research note on Monday, December 16th. Finally, HC Wainwright reiterated a “buy” rating and issued a $7.00 target price on shares of Emeren Group in a research note on Friday. Four equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emeren Group currently has an average rating of “Hold” and an average price target of $4.13.

Emeren Group Stock Up 31.5 %

Emeren Group stock opened at $1.57 on Monday. The company has a market capitalization of $80.21 million, a PE ratio of -12.04 and a beta of 1.70. The firm’s fifty day moving average is $1.76 and its 200 day moving average is $2.04. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.10. Emeren Group has a 12-month low of $1.04 and a 12-month high of $3.00.

Emeren Group (NYSE:SOL) last announced its quarterly earnings results on Thursday, March 13th. The semiconductor company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.31). The business had revenue of $34.60 million for the quarter, compared to the consensus estimate of $40.13 million. Emeren Group had a negative net margin of 7.14% and a negative return on equity of 2.05%. During the same quarter last year, the firm posted ($0.15) EPS. As a group, sell-side analysts predict that Emeren Group will post 0.1 EPS for the current fiscal year.

Institutional Trading of Emeren Group

Institutional investors have recently made changes to their positions in the company. Apollon Wealth Management LLC grew its position in Emeren Group by 45.5% during the fourth quarter. Apollon Wealth Management LLC now owns 29,100 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 9,100 shares during the period. XTX Topco Ltd bought a new position in Emeren Group during the third quarter valued at about $88,000. Raymond James Financial Inc. bought a new position in Emeren Group during the fourth quarter valued at about $80,000. Invesco Ltd. grew its position in Emeren Group by 26.5% during the fourth quarter. Invesco Ltd. now owns 792,148 shares of the semiconductor company’s stock valued at $1,608,000 after buying an additional 165,902 shares during the period. Finally, Monaco Asset Management SAM grew its position in Emeren Group by 35.7% during the fourth quarter. Monaco Asset Management SAM now owns 1,847,764 shares of the semiconductor company’s stock valued at $3,751,000 after buying an additional 486,063 shares during the period. Institutional investors own 44.08% of the company’s stock.

Emeren Group Company Profile

Emeren Group Ltd, together with its subsidiaries, develops, builds, and sells solar power projects. It owns and operates 3-gigawatt pipeline of projects and independent power producer assets, as well as a 10-gigawatt pipeline of storage pipeline. The company develops community solar gardens; and sells project rights.