Metal Peak Wealth Administration LLC acquired a brand new stake in shares of Emeren Group Ltd (NYSE:SOL – Get Score) throughout the fourth quarter, in line with its most up-to-date disclosure with the Securities and Change Fee (SEC). The agency acquired 50,018 shares of the semiconductor firm’s inventory, valued at roughly $226,000. Metal Peak Wealth Administration LLC owned about 0.08% of Emeren Group on the finish of the latest quarter.
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Plenty of different institutional buyers and hedge funds have additionally lately modified their holdings of the inventory. Raymond James Monetary Providers Advisors Inc. grew its stake in shares of Emeren Group by 17.5% throughout the first quarter. Raymond James Monetary Providers Advisors Inc. now owns 18,634 shares of the semiconductor firm’s inventory valued at $108,000 after shopping for an extra 2,769 shares over the last quarter. BlackRock Inc. grew its stake in shares of Emeren Group by 1.0% throughout the third quarter. BlackRock Inc. now owns 374,007 shares of the semiconductor firm’s inventory valued at $1,885,000 after shopping for an extra 3,764 shares over the last quarter. Krane Funds Advisors LLC grew its stake in shares of Emeren Group by 8.2% throughout the third quarter. Krane Funds Advisors LLC now owns 72,923 shares of the semiconductor firm’s inventory valued at $368,000 after shopping for an extra 5,502 shares over the last quarter. Raymond James & Associates grew its stake in shares of Emeren Group by 33.8% throughout the first quarter. Raymond James & Associates now owns 23,289 shares of the semiconductor firm’s inventory valued at $135,000 after shopping for an extra 5,885 shares over the last quarter. Lastly, Vident Funding Advisory LLC grew its stake in shares of Emeren Group by 23.9% throughout the first quarter. Vident Funding Advisory LLC now owns 40,676 shares of the semiconductor firm’s inventory valued at $236,000 after shopping for an extra 7,859 shares over the last quarter.
Emeren Group Inventory Efficiency
Emeren Group inventory opened at $4.15 on Thursday. The corporate has a present ratio of 5.33, a fast ratio of 6.23 and a debt-to-equity ratio of 0.06. The agency has a 50-day transferring common of $4.55 and a 200-day transferring common of $4.70. The agency has a market cap of $249.91 million, a P/E ratio of 46.12 and a beta of two.00. Emeren Group Ltd has a 1-year low of $3.46 and a 1-year excessive of $7.50.
Emeren Group (NYSE:SOL – Get Score) final posted its earnings outcomes on Tuesday, March twenty eighth. The semiconductor firm reported $0.05 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.08 by ($0.03). The agency had income of $40.80 million for the quarter, in comparison with analysts’ expectations of $46.59 million. Emeren Group had a return on fairness of 0.88% and a internet margin of seven.25%. Promote-side analysts anticipate that Emeren Group Ltd will publish 0.31 EPS for the present 12 months.
Wall Avenue Analyst Weigh In
Individually, StockNews.com reduce Emeren Group from a “maintain” score to a “promote” score in a analysis word on Thursday, March thirtieth. One funding analyst has rated the inventory with a promote score, two have assigned a purchase score and one has given a powerful purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat, the inventory at the moment has a consensus score of “Average Purchase” and a consensus value goal of $9.25.
Emeren Group Firm Profile
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Emeren Group Ltd. is a pure photo voltaic venture developer and operator. The agency is concentrated on solar energy venture growth, development administration, and venture financing providers. Its initiatives embrace U.S. RP-MN portfolio, Siedliska, Membury, Discipline Home, Zhejiang, and Jiangsu. The corporate was based in 2005 and is headquartered in Stamford, CT.
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This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected].
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