After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Emeren Group’s Board of Directors Approves an Accelerated Stock Repurchase Program up to $10 million.
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Stocks Info
This NYSE-listed company operates within the Solar industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $2.23 and fluctuated between $2.5000 as its day high and $2.2000 as its day low. The current market capitalization of Emeren Group Ltd ADR is $134.40M. A total of 0.98 million shares were traded on the day, compared to an average of 571.71K shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, SOL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 0 SELLs from insiders. Insiders purchased 1,372,803 shares during that period but sold 0.
In the most recent transaction, SHAH CAPITAL MANAGEMENT bought 343,913 shares of SOL for 2.33 per share on Dec 12. After the transaction, the Chairman now owns 18,639,226 company shares. In a previous transaction on Dec 11, SHAH CAPITAL MANAGEMENT bought 252,205 shares at 2.40 per share. SOL shares that Chairman owns now total 18,295,313.
Among the insiders who bought shares, SHAH CAPITAL MANAGEMENT acquired of 147,121 shares on Dec 05 at a per-share price of $2.45. This resulted in the Chairman holding 18,043,108 shares of SOL after the transaction. In another insider transaction, SHAH CAPITAL MANAGEMENT bought 7,949 shares at $2.37 per share on Dec 01. Company shares held by the Chairman now total 17,895,987.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SOL in the last 3 months, the mean price target is $5.63 with high estimates of $8.00 and low estimates of $2.50. In terms of 52-week highs and lows, SOL has a high of $4.70 and a low of $1.54.
As of this writing, SOL has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.09 per share and a lower estimate of -$0.1. The company reported an EPS of $0.14 in the last quarter, which was 40.00% higher than expectations of $0.1.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SOL’s latest balance sheet shows that the firm has $254.07M in Cash & Short Term Investments as of fiscal 2021. There were $57.85M in debt and $35.10M in liabilities at the time. Its Book Value Per Share was $5.35, while its Total Shareholder’s Equity was $448.41M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SOL is Buy with a score of 4.50.
