BWS Financial Reaffirms Sell Rating for Emeren Group (NYSE:SOL)

BWS Financial reissued their sell rating on shares of Emeren Group (NYSE:SOL) in a report published on Monday,Benzinga reports. BWS Financial currently has a $6.00 price objective on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the company. StockNews.com upgraded Emeren Group from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. Roth Mkm reaffirmed a “buy” rating and issued a $3.00 target price on shares of Emeren Group in a research note on Wednesday, August 21st. Finally, HC Wainwright reissued a “buy” rating and set a $7.00 price target on shares of Emeren Group in a research note on Friday, November 15th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.38.

Emeren Group Stock Down 4.3 %

NYSE:SOL opened at $1.78 on Monday. The company has a market cap of $91.23 million, a price-to-earnings ratio of -13.69 and a beta of 1.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.34 and a current ratio of 4.34. The stock’s fifty day moving average price is $2.17 and its two-hundred day moving average price is $1.97. Emeren Group has a 52-week low of $1.41 and a 52-week high of $3.00.

Hedge Funds Weigh In On Emeren Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOL. XTX Topco Ltd acquired a new stake in Emeren Group in the third quarter worth $88,000. Mercer Global Advisors Inc. ADV increased its position in shares of Emeren Group by 160.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 47,809 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 29,484 shares in the last quarter. Finally, Long Run Wealth Advisors LLC acquired a new stake in Emeren Group during the 3rd quarter worth $28,000. 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.