Emeren Group Ltd (SOL)
NYSE: SOL · IEX Real-Time Price · USD
1.980
+0.010 (0.51%)
At close: Feb 23, 2024, 4:00 PM
2.010
+0.030 (1.52%)
After-hours: Feb 23, 2024, 7:22 PM EST

Emeren Group Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Emeren Group stock have an average target of 5.80, with a low estimate of 3.20 and a high estimate of 8.00. The average target predicts an increase of 192.93% from the current stock price of 1.98.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $3.20 $5.80 $7.00 $8.00
Change +61.62% +192.93% +253.54% +304.04%
* Price targets were last updated on Nov 22, 2023.

Analyst Ratings

The average analyst rating for Emeren Group stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Sep '23Oct '23Nov '23Dec '23Jan '24Feb '24
Strong Buy 333333
Buy 110000
Hold 001111
Sell 000000
Strong Sell 000000
Total 444444

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Roth MKM
Roth MKM
Strong Buy
Maintains
$7$5
Strong Buy Maintains $7$5 +152.53% Nov 22, 2023
Northland Capital Markets
Northland Capital Markets
Hold
Downgrades
$6$3.2
Hold Downgrades $6$3.2 +61.62% Nov 22, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Maintains
$10$7
Strong Buy Maintains $10$7 +253.54% Nov 22, 2023
Raymond James
Raymond James
Strong Buy
Maintains
$9$8
Strong Buy Maintains $9$8 +304.04% Oct 3, 2023
Roth MKM
Roth MKM
Strong Buy
Maintains
$10$7
Strong Buy Maintains $10$7 +253.54% Sep 12, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
106.73M
from 61.29M
Increased by 74.14%
Revenue Next Year
150.15M
from 106.73M
Increased by 40.68%
EPS This Year
0.05
EPS Next Year
0.38
from 0.05
Increased by 603.17%
Year 20182019202020212022202320242025
Revenue
96.91M119.12M73.50M79.66M61.29M106.73M150.15M199.07M
Revenue Growth
-5.89%22.92%-38.29%8.38%-23.06%74.14%40.68%32.58%
EPS
0.50-2.200.70--0.050.380.48
EPS Growth
-61.54%-----603.17%26.67%
No. Analysts -----553
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202320242025
High 117.8M 182.7M 209.0M
Avg 106.7M 150.2M 199.1M
Low 97.7M 127.0M 191.3M

Revenue Growth

Revenue Growth 202320242025
High
92.2%
71.2%
39.2%
Avg
74.1%
40.7%
32.6%
Low
59.4%
19.0%
27.4%

EPS Forecast

EPS 202320242025
High 0.06 0.47 0.55
Avg 0.05 0.38 0.48
Low 0.04 0.32 0.42

EPS Growth

EPS Growth 202320242025
High -
777.2%
44.2%
Avg -
603.2%
26.7%
Low -
500.4%
11.3%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.