Emeren Group Ltd (SOL)
NYSE: SOL · IEX Real-Time Price · USD
1.840
+0.150 (8.88%)
At close: Apr 24, 2024, 4:00 PM
1.850
+0.010 (0.54%)
After-hours: Apr 24, 2024, 7:34 PM EDT
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 215.22% from the current stock price of 1.84.
Analyst Consensus: Strong Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $7 | Strong Buy | Reiterates | $7 | +280.43% | Apr 1, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $7 → $5 | Strong Buy | Maintains | $7 → $5 | +171.74% | Nov 22, 2023 |
| Northland Capital Markets | Northland Capital Markets | Buy → Hold Downgrades $6 → $3.2 | Buy → Hold | Downgrades | $6 → $3.2 | +73.91% | Nov 22, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $10 → $7 | Strong Buy | Maintains | $10 → $7 | +280.43% | Nov 22, 2023 |
| Raymond James | Raymond James | Strong Buy Maintains $9 → $8 | Strong Buy | Maintains | $9 → $8 | +334.78% | Oct 3, 2023 |
Financial Forecast
Revenue This Year
106.73M
from 61.29M
Increased by 74.14%
Revenue Next Year
149.05M
from 106.73M
Increased by 39.65%
EPS This Year
-0.05
EPS Next Year
0.38
from -0.05
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 117.8M | 162.8M | 202.4M |
| Avg | 106.7M | 149.1M | 191.3M |
| Low | 97.7M | 127.6M | 182.3M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 92.2% | 52.5% | 35.8% |
| Avg | 74.1% | 39.7% | 28.3% |
| Low | 59.4% | 19.6% | 22.3% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 0.06 | 0.53 | 0.79 |
| Avg | -0.05 | 0.38 | 0.64 |
| Low | -0.12 | 0.20 | 0.51 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | - | - | 107.9% |
| Avg | - | - | 69.3% |
| Low | - | - | 34.5% |
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.