SOL Stock Summary and Trading Ideas (Emeren Group American Depositary Shares Each Representing 10 Shares | NYSE:SOL)

Emeren Group Ltd is a renewable energy producer. Its portfolio consists of solar projects and Independent Power Producer (IPP) assets, and it also has globalised Battery Energy Storage System (BESS) capacity. The group specializes in the solar project lifecycle, development, and from construction to financing. It has three reportable segments; Solar power project development, EPC services, and Electricity generation. Majority of revenue is From Electricity Generation. The company operates in China, USA, Germany, UK, Spain, France, Poland, Italy, Hungary, Luxembourg. Majority of revenue is from Italy.

Emeren Group American Depositary Shares Each Representing 10 Shares trades on the NYSE stock market under the symbol SOL.

As of April 11, 2025, SOL stock price climbed to $1.41 with 85,182 million shares trading.

SOL has a beta of 1.17, meaning it tends to be more sensitive to market movements. SOL has a correlation of 0.08 to the broad based SPY ETF.

SOL has a market cap of $72.36 million. This is considered a Micro Cap stock.

Last quarter Emeren Group American Depositary Shares Each Representing 10 Shares reported $35 million in Revenue and -$.23 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$.31.

In the last 3 years, SOL traded as high as $7.50 and as low as $1.04.

The top ETF exchange traded funds that SOL belongs to (by Net Assets): PBW.

SOL has underperformed the market in the last year with a price return of -35.3% while the SPY ETF gained +4.5%. SOL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -29.9% and -11.3%, respectively, while the SPY returned -7.7% and -3.9%, respectively.

SOL support price is $1.29 and resistance is $1.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SOL shares will trade within this expected range on the day.