Emeren Group’s (SOL) Sell Rating Reiterated at BWS Financial

Emeren Group (NYSE:SOL)‘s stock had its “sell” rating restated by analysts at BWS Financial in a research note issued to investors on Monday,Benzinga reports. They currently have a $6.00 price target on the semiconductor company’s stock. BWS Financial’s price target indicates a potential upside of 215.79% from the company’s current price.

A number of other brokerages have also issued reports on SOL. HC Wainwright reiterated a “buy” rating and issued a $7.00 target price on shares of Emeren Group in a research report on Friday, November 15th. StockNews.com upgraded shares of Emeren Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Roth Mkm reiterated a “buy” rating and issued a $3.00 target price on shares of Emeren Group in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.38.

Emeren Group Price Performance

SOL traded up $0.12 on Monday, reaching $1.90. The company had a trading volume of 311,337 shares, compared to its average volume of 342,217. The company has a fifty day moving average of $2.22 and a 200-day moving average of $1.97. The company has a market capitalization of $97.39 million, a P/E ratio of -14.62 and a beta of 1.64. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.10. Emeren Group has a one year low of $1.41 and a one year high of $3.00.

Hedge Funds Weigh In On Emeren Group

Several large investors have recently made changes to their positions in the business. Long Run Wealth Advisors LLC purchased a new stake in Emeren Group during the third quarter valued at about $28,000. XTX Topco Ltd purchased a new stake in Emeren Group during the third quarter valued at about $88,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Emeren Group by 160.9% during the second 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. 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.