Welcome to our dedicated page for Emeren Group news (Ticker: $SOL), a resource for investors and traders seeking the latest updates and insights on Emeren Group stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Emeren Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
Emeren Group Ltd, a leading global solar project developer, achieved a positive operating cash flow and a strong cash position of $70 million as of December 31, 2023. Despite delayed governmental approvals impacting revenue in Q4 2023, the company anticipates full year 2023 revenue of approximately $100 million and a net loss of $6-7 million. The company repurchased approximately 1,250,000 American Depositary Shares of its stock, returning ~$3.35 million during the fourth quarter. Emeren anticipates a net income of approximately $26 million for the fiscal year 2024 and plans to initiate 10K/10Q filings for increased disclosures and transparency.
Rhea-AI Impact
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End-of-Day
5.13%
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Emeren Group Ltd (NYSE: SOL) successfully acquires a 10.76 MWh energy storage power portfolio from Kunneng Smart Energy Service Group Co. LTD, enhancing its position in the Chinese energy storage investment market and the growing VPP market in China.
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End-of-Day
-4.03%
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Emeren Group Ltd (NYSE: SOL) releases its 2022 Environmental, Social and Governance (ESG) Report, showcasing the positive impact on the environment and society. The report highlights comprehensive governance, social, and environmental policies, positive impact of solar energy production, commitment to employee training and diversity, and inclusion efforts. Yumin Liu, CEO, emphasizes the report's transparency and value for identifying improvement opportunities.
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-4.07%
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Emeren Group Ltd (Emeren) (NYSE: SOL) has successfully sold two Battery Energy Storage Systems (BESS) in Italy to Matrix Renewables, achieving a significant milestone by delivering around 1 GW in development and approaching its 1.5 GW BESS portfolio target. The projects feature cutting-edge standalone storage systems, with a cumulative capacity of 293MW and a discharge duration of 4-8 hours for each project. The Ready-To-Build status is expected to be achieved by early 2025.
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Rhea-AI Sentiment
End-of-Day
-1.44%
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Emeren Group Ltd (Emeren) (NYSE: SOL) successfully acquires an 86 MWp utility-scale solar project portfolio in Spain from Negratin Global Services, comprising 13 projects expected to produce 166,471,371 kWh/year of energy. The projects are set to begin construction late 2024 and be connected to the grid by early 2025, with the capacity to provide energy to 51,380 households and save 19,544 vehicle emissions annually. Emeren also plans to develop Battery Energy Storage Systems, resulting in the saving of 35,903.9 tons of CO2 per year. Emeren Spain has an advanced-stage portfolio of over 300MW in solar and 100 MWh of storage, with a 2024/2025 pipeline of over 4 GWs.
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Rhea-AI Sentiment
End-of-Day
-1.07%
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Emeren Group Ltd (NYSE: SOL) successfully sells a 53.6 MWp solar project portfolio in Hungary to Kronospan / Douglas Renewables. The portfolio includes six projects, with four already operational and the remaining two expected to commence operations by mid-2024.
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Rhea-AI Sentiment
End-of-Day
10.34%
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Emeren Group Ltd (NYSE: SOL) announced the results of its 2022 annual general meeting of shareholders, including the approval of the consolidated financial statements for the year ended December 31, 2022, and the re-election of Ms. Julia Xu as director of the Company.
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Rhea-AI Sentiment
End-of-Day
7.3%
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Emeren Group Ltd (NYSE: SOL) to participate in investor conferences, including BofA Securities 2023 Renewables Conference and Janney's Inaugural Clean Energy Investment Symposium. Management team to present virtually and be available for meetings with institutional investors.
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-2.81%
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Emeren Group Ltd (SOL) Announces Unaudited Financial Results for Q3 2023
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-12.98%
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NYSE: SOL - Emeren Group Ltd Announces 29 MWp Solar PV Portfolio Signing SPA in Spain with Rubis Photosol, Advancing Sustainable Energy Solutions
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Rhea-AI Sentiment
End-of-Day
8.61%
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Emeren Group Ltd
NYSE:SOL
SOL Rankings
SOL Stock Data
97.95M
350.68M
0.9%
44.91%
3.21%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
Jiaxing
About SOL
renesola believes that in today’s global economy companies need to be focussed on improving the overall health and well-being of our planet and people. by using renewables energies, low energy appliances we all in our own way can reduce our carbon footprint and our dependence on earth’s natural resources to promote a sustainable future. with every renesola product we aim to reduce the environmental impact and enhance our livelihoods with green products. to be a sustainable enterprise we strive to be dynamic and have the ability to constantly change to the times to remain relevant within this excessively competitive market. renesola is a leading global manufacturer of solar wafers and pv modules. capitalizing on economies of scale, low cost production capabilities and technology innovations, renesola leverages its in-house virgin polysilicon and solar cell and module production capabilities to provide its customers with high-quality, cost-competitive solar wafer products and solar mod