Emeren Group Ltd (SOL, Financial) experienced a significant share price drop of 5.05%, bringing the stock down to $2.73 per share. During this period, the trading volume reached 256,430 shares, with a turnover rate of 0.50% and a price volatility of 9.23%.
The latest financial results for the company reported a revenue of $30.06 million, a net profit of $392,000, and an earnings per share (EPS) of $0.01. The gross profit stood at $9.38 million, with a price-to-earnings (P/E) ratio of -8.84. Among the three institutions that rated the stock, all gave a buy recommendation, with none suggesting hold or sell options.
Overall, the solar industry saw a decline of 1.09%. Within the sector, certain stocks like Solarmax Technology Inc., JinkoSolar, and Canadian Solar posted notable gains. Pineapple Energy Inc., JinkoSolar, and Canadian Solar were notably active, with turnover rates of 132.54%, 12.80%, and 9.03% respectively. Stocks such as Zeo Energy Corp, Turbo Energy S.A., and Solarmax Technology Inc. showcased high volatility, with swings of 69.31%, 24.64%, and 24.15% respectively.
Emeren Group Ltd is a solar energy project developer and operator, engaging in the development and sale of solar power projects, engineering, procurement and construction (EPC) services, and independent power production (IPP). The company's revenue is predominantly generated from its EPC services. Geographically, Poland is its largest market, followed by the U.S., Hungary, Spain, France, the UK, Germany, Italy, and China.
