Emeren Group Ltd ADR (NYSE: SOL) May Be Attracting Institutional Investments

After Hours

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.

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Stocks Info

The company is listed on the NYSE and operates within the Solar industry segment. The current market capitalization of Emeren Group Ltd ADR is $110.90M. A total of 0.75 million shares were traded on the day, compared to an average of 589.41K shares.

In the most recent transaction, SHAH CAPITAL MANAGEMENT bought 343,913 shares of SOL for 2.33 per share on Dec 12 ’23. After the transaction, the Chairman now owns 18,639,226 company shares. In a previous transaction on Dec 11 ’23, 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 ’23 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 ’23. Company shares held by the Chairman now total 17,895,987.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, SOL has a high of $4.28 and a low of $1.54.

As of this writing, SOL has an earnings estimate of $0.0 per share for the current quarter. EPS was calculated based on a consensus of 4.0 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.03. The company reported an EPS of $0 in the last quarter

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.

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