Currently, there are 52.75M common shares owned by the public and among those 52.69M shares have been available to trade.
The company’s stock has a 5-day price change of 9.72% and -13.66% over the past three months. SOL shares are trading -22.17% year to date (YTD), with the 12-month market performance down to -19.39% lower. It has a 12-month low price of $1.04 and touched a high of $3.00 over the same period. SOL has an average intraday trading volume of 241.33K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.13%, -10.64%, and -17.83% respectively.
Institutional ownership of Emeren Group Ltd ADR (NYSE: SOL) shares accounts for 42.79% of the company’s 52.75M shares outstanding.
It has a market capitalization of $83.35M and a beta (3y monthly) value of 1.87. The earnings-per-share (ttm) stands at -$2.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 24.71% over the week and 9.87% over the month.
Earnings per share for the fiscal year are expected to increase by 152.19%, and 485.71% over the next financial year.
Northland Capital coverage for the Emeren Group Ltd ADR (SOL) stock in a research note released on November 22, 2023 offered a Market Perform rating with a price target of $3.20. Northland Capital was of a view on September 13, 2022 that the stock is Outperform, while ROTH Capital gave the stock Buy rating on January 05, 2022, issuing a price target of $7.70- $10. Raymond James on their part issued Strong Buy rating on January 04, 2022.
