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In the News

Emeren Group to Participate in Upcoming Investor Conferences
STAMFORD, Conn. , Nov. 30, 2023 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced its participation in the following investor conferences: BofA Securities 2023 Renewables Conference on December 1, 2023.

Emeren (SOL) Reports Q3 Loss, Misses Revenue Estimates
Emeren's (SOL) third-quarter 2023 loss widens from the prior-year period's loss. Revenues decrease 42% from the year-ago period.

Emeren Group Ltd (SOL) Q3 2023 Earnings Call Transcript
Emeren Group Ltd (NYSE:SOL ) Q3 2023 Earnings Conference Call November 21, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director, The Blueshirt Group Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer Conference Call Participants Philip Shen - ROTH MKM Pavel Molchanov - Raymond James & Associates Donovan Schafer - Northland Capital Markets Amit Dayal - HCW Operator Hello, ladies and gentlemen. Thank you for standing by for Emeren's Group Limited Third Quarter 2023 Earnings Conference Call.

Emeren (SOL) Inks Deal to Monetize 29 MW of Solar PV Projects
Emeren (SOL) inks a deal to monetize 29 MW of the solar PV portfolio in Spain to Rubis Photosol.

Emeren to Release Third Quarter 2023 Financial Results on Nov 21, 2023
STAMFORD, Conn. , Nov. 3, 2023 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2023 after the U.S. stock market close on Tuesday, Nov 21, 2023.

Emeren Group: From Debt-Laden To Renewable Upstart
Emeren Group, formerly known as ReneSola, has undergone a successful restructuring and is now focused on the design and construction of photovoltaic systems. The company has shifted its focus to the European market, which offers favorable policies and high margins, and has also entered the energy storage market. Emeren's financials have improved, with a significant reduction in debt and the potential for growth in revenue and net income. The company's valuation is attractive compared to its fundamentals and future prospects.

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Emeren (SOL) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
Emeren's (SOL) second-quarter net revenues of $33.8 million surge 312.5% year over year, but miss the Zacks Consensus Estimate.

Emeren Group Ltd (SOL) Q2 2023 Earnings Call Transcript
Emeren Group Ltd (NYSE:SOL ) Q2 2023 Earnings Conference Call August 31, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director, The Blueshirt Group Himanshu Shah - Chairman of the Board Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer Conference Call Participants Donovan Schafer - Northland Capital Markets Matthew Koranda - ROTH MKM Amit Dayal - H.C. Wainwright Pavel Molchanov - Raymond James Operator Hello, ladies and gentlemen.

The 3 Most Undervalued Solar Stocks to Buy Now: August 2023
Volatility persists for many companies in a range of sectors. The solar sector hasn't been immune to this volatility, failing to see a recovery after its recent downturn.
SOL Financial details
SOL Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 2.55 | 2.93 | 1.5 | 1.16 | 1.25 | |
Net income per share | 0.05 | -0.29 | 0.07 | 0.1 | 0.09 | |
Operating cash flow per share | -1.34 | 1.38 | -0.28 | -0.09 | -0.54 | |
Free cash flow per share | -2.4 | 1.04 | -0.45 | -0.26 | -1.12 | |
Cash per share | 0.18 | 0.6 | 0.83 | 3.69 | 1.65 | |
Book value per share | 2.38 | 2.33 | 2.84 | 5.86 | 5.52 | |
Tangible book value per share | 3.27 | 3.39 | 3.72 | 6.49 | 6.14 | |
Share holders equity per share | 2.38 | 2.33 | 2.84 | 5.86 | 5.52 | |
Interest debt per share | 4.53 | 3.21 | 2.48 | 0.91 | 1.15 | |
Market cap | 45.31M | 57.44M | 561.97M | 410.68M | 293.46M | |
Enterprise value | 202.33M | 154.44M | 636.96M | 214.47M | 256.94M | |
P/E ratio | 25.76 | -4.92 | 172.44 | 59.85 | 49.71 | |
Price to sales ratio | 0.47 | 0.48 | 7.6 | 5.16 | 3.6 | |
POCF ratio | -0.89 | 1.03 | -40.33 | -64.01 | -8.33 | |
PFCF ratio | -0.5 | 1.36 | -25.33 | -22.77 | -4.03 | |
P/B Ratio | 0.5 | 0.61 | 4.03 | 1.02 | 0.82 | |
PTB ratio | 0.5 | 0.61 | 4.03 | 1.02 | 0.82 | |
EV to sales | 2.09 | 1.3 | 8.62 | 2.69 | 3.16 | |
Enterprise value over EBITDA | 12.59 | 22.92 | 65.88 | 9.99 | 28.58 | |
EV to operating cash flow | -3.96 | 2.76 | -45.71 | -33.43 | -7.29 | |
EV to free cash flow | -2.21 | 3.66 | -28.72 | -11.89 | -3.53 | |
Earnings yield | 0.04 | -0.2 | 0.01 | 0.02 | 0.02 | |
Free cash flow yield | -2.02 | 0.73 | -0.04 | -0.04 | -0.25 | |
Debt to equity | 1.81 | 1.28 | 0.83 | 0.14 | 0.2 | |
Debt to assets | 0.43 | 0.38 | 0.34 | 0.11 | 0.14 | |
Net debt to EBITDA | 9.77 | 14.39 | 7.76 | -9.14 | -4.06 | |
Current ratio | 1.01 | 0.94 | 1.55 | 9.39 | 5.33 | |
Interest coverage | 1.78 | -0.12 | 0.37 | 2.45 | 1.85 | |
Income quality | -10.02 | -4.79 | -6.46 | -0.97 | 7.75 | |
Dividend Yield | 0 | 0 | 0 | 0.01 | 0 | |
Payout ratio | 0 | 0 | 0 | 0.57 | 0 | |
Sales general and administrative to revenue | 0.11 | 0.13 | 0.2 | 0.21 | 0.21 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0.79 | -0.24 | 0.59 | 1.81 | 1.07 | |
Capex to revenue | -0.42 | -0.11 | -0.11 | -0.15 | -0.46 | |
Capex to depreciation | -4.81 | -1.76 | -1.12 | -1.71 | -5.52 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0.03 | 0.02 | |
Graham number | 1.57 | 3.89 | 2.06 | 3.62 | 3.36 | |
ROIC | 0.05 | 0 | 0.01 | 0.02 | 0.01 | |
Return on tangible assets | 0 | -0.04 | 0.01 | 0.01 | 0.01 | |
Graham Net | -5.5 | -3.26 | -1.9 | 3.07 | 1.1 | |
Working capital | 1.54M | -6.34M | 48.92M | 294.38M | 184.3M | |
Tangible asset value | 124.67M | 137.55M | 182.71M | 447.39M | 398.5M | |
Net current asset value | -117.77M | -79.34M | -16.46M | 248.63M | 125.92M | |
Invested capital | 1.81 | 1.28 | 0.83 | 0.14 | 0.2 | |
Average receivables | 42.98M | 34.32M | 22.8M | 37.34M | 68.28M | |
Average payables | 18.92M | 16.24M | 13.34M | 4.79M | 3.48M | |
Average inventory | 22.04M | 10.94M | 10.86M | 1.55M | 897K | |
Days sales outstanding | 178.13 | 65.4 | 119.76 | 231.03 | 386.17 | |
Days payables outstanding | 63.89 | 87.85 | 40.17 | 25.22 | 23.23 | |
Days of inventory on hand | 14.08 | 82.69 | 16.06 | 4.49 | 7.69 | |
Receivables turnover | 2.05 | 5.58 | 3.05 | 1.58 | 0.95 | |
Payables turnover | 5.71 | 4.16 | 9.09 | 14.47 | 15.71 | |
Inventory turnover | 25.92 | 4.41 | 22.73 | 81.21 | 47.44 | |
ROE | 0.02 | -0.12 | 0.02 | 0.02 | 0.02 | |
Capex per share | -1.06 | -0.34 | -0.17 | -0.17 | -0.58 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q3
Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0.44 | 0.68 | 0.22 | 0.59 | 0.25 | |
Net income per share | 0.05 | 0.08 | -0.01 | 0.15 | -0.17 | |
Operating cash flow per share | -0.08 | -0.13 | -0.41 | -0.04 | -0.08 | |
Free cash flow per share | -0.08 | -0.13 | -0.41 | -0.04 | -0.08 | |
Cash per share | 1.87 | 1.78 | 1.34 | 1.23 | 1.23 | |
Book value per share | 5.17 | 5.94 | 5.85 | 5.95 | 5.73 | |
Tangible book value per share | 5.77 | 6.61 | 6.54 | 6.6 | 6.41 | |
Share holders equity per share | 5.17 | 5.94 | 5.85 | 5.95 | 5.73 | |
Interest debt per share | 0.99 | 1.19 | 1.2 | 1.07 | 1.03 | |
Market cap | 330.72M | 272.44M | 255.47M | 216.92M | 173.36M | |
Enterprise value | 271.47M | 235.93M | 257.72M | 217.8M | 172.29M | |
P/E ratio | 27.97 | 14.08 | -103.85 | 6.5 | -4.62 | |
Price to sales ratio | 11.45 | 6.68 | 19.84 | 6.41 | 12.43 | |
POCF ratio | -63.53 | -34.84 | -10.77 | -92.19 | -37.33 | |
PFCF ratio | -63.53 | -34.84 | -10.77 | -92.19 | -37.33 | |
P/B Ratio | 0.98 | 0.76 | 0.76 | 0.64 | 0.54 | |
PTB ratio | 0.98 | 0.76 | 0.76 | 0.64 | 0.54 | |
EV to sales | 9.4 | 5.78 | 20.02 | 6.43 | 12.35 | |
Enterprise value over EBITDA | 51.83 | 43.48 | -85.82 | 77.18 | 224.05 | |
EV to operating cash flow | -52.15 | -30.17 | -10.86 | -92.56 | -37.1 | |
EV to free cash flow | -52.15 | -30.17 | -10.86 | -92.56 | -37.1 | |
Earnings yield | 0.01 | 0.02 | 0 | 0.04 | -0.05 | |
Free cash flow yield | -0.02 | -0.03 | -0.09 | -0.01 | -0.03 | |
Debt to equity | 0.19 | 0.2 | 0.21 | 0.18 | 0.18 | |
Debt to assets | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | |
Net debt to EBITDA | -11.31 | -6.73 | -0.75 | 0.31 | -1.39 | |
Current ratio | 6.23 | 5.33 | 4.83 | 5.48 | 5.4 | |
Interest coverage | 4.41 | 3.56 | -22.58 | 0 | 0 | |
Income quality | -1.76 | -1.62 | 38.58 | 0 | 0 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0 | 0 | 0 | 0 | 0 | |
Sales general and administrative to revenue | 0.12 | 0.16 | 0.34 | 0.16 | 0.5 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 2.29 | 3.28 | 1.19 | 4.42 | 4.64 | |
ROIC | 0.01 | 0.01 | -0.01 | 0.01 | -0.01 | |
Return on tangible assets | 0.01 | 0.01 | 0 | 0.02 | -0.02 | |
Graham Net | 1.15 | 1.18 | 0.54 | 0.65 | 0.6 | |
Working capital | 177.77M | 184.3M | 167.03M | 187.29M | 173.99M | |
Tangible asset value | 378.75M | 398.5M | 375.61M | 377.74M | 360.68M | |
Net current asset value | 124.29M | 125.92M | 105.6M | 130.2M | 119.78M | |
Invested capital | 0.19 | 0.2 | 0.21 | 0.18 | 0.18 | |
Average receivables | 46.07M | 69.44M | 82.61M | 82.75M | 81.44M | |
Average payables | 4.63M | 5.08M | 4.77M | 5.64M | 4.25M | |
Average inventory | 1.51M | 832.5K | 916.5K | 1.22M | 1.94M | |
Days sales outstanding | 164.29 | 189.99 | 552.84 | 229.78 | 493.39 | |
Days payables outstanding | 28.91 | 10.98 | 47.15 | 22.8 | 34.1 | |
Days of inventory on hand | 2.06 | 3.64 | 5.05 | 7.64 | 22.57 | |
Receivables turnover | 0.55 | 0.47 | 0.16 | 0.39 | 0.18 | |
Payables turnover | 3.11 | 8.2 | 1.91 | 3.95 | 2.64 | |
Inventory turnover | 43.76 | 24.75 | 17.82 | 11.78 | 3.99 | |
ROE | 0.01 | 0.01 | 0 | 0.02 | -0.03 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
SOL Frequently Asked Questions
What is ReneSola Ltd stock symbol ?
ReneSola Ltd is a US stock , located in Stamford of Ct and trading under the symbol SOL
Is ReneSola Ltd buy or a sell ?
1 stock analysts have 1 predictions with a medium analyst target price of $10. The lowest prediction is $10 and the highest is $10
What is SOL stock prediction ?
What is ReneSola Ltd stock quote today ?
ReneSola Ltd stock price is $2.5 today.
Is ReneSola Ltd stock public?
Yes, ReneSola Ltd is a publicly traded company.