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Emeren Group Ltd. Sponsored ADR (SOL)

(Delayed Data from NYSE)

$1.62 USD

1.62
173,642

+0.08 (5.19%)

Updated Jul 3, 2024 01:00 PM ET

After-Market: $1.64 +0.02 (1.23%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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5-Strong Sell of 5         5

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value D Growth C Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 4% (239 out of 249)

Industry: Solar

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Balance Sheet

Research for SOL

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Emeren Group Ltd Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 70 107 254 41 25
Receivables 98 73 51 24 22
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets 58 41 24 72 57
Total Current Assets 227 221 329 137 103
Net Property & Equipment 200 170 126 123 150
Investments & Advances NA 10 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 27 7 1 1
Intangibles NA 1 1 1 0
Deposits & Other Assets 17 21 25 26 17
Total Assets 478 494 529 337 320
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable NA 0 0 0 0
Accounts Payable 13 7 4 6 20
Current Portion Long-Term Debt 1 1 0 41 38
Current Portion Capital Leases 5 10 11 8 0
Accrued Expenses 1 1 0 0 0
Income Taxes Payable 2 1 1 1 1
Other Current Liabilities 36 23 18 31 49
Total Current Liabilities 58 43 35 88 109
Mortgages NA 0 0 0 0
Deferred Taxes/Income 4 4 0 0 3
Convertible Debt NA 0 0 0 0
Long-Term Debt 23 23 0 0 0
Non-Current Capital Leases 11 15 30 44 0
Other Non-Current Liabilities NA 0 0 0 47
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 114 105 81 154 182
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock NA 0 0 0 0
Common Stock (Par) 807 806 847 575 530
Capital Surplus 15 14 12 8 10
Retained Earnings -447 -437 -433 -440 -442
Other Equity 31 26 40 41 40
Treasury Stock 42 20 18 0 0
Total Shareholder's Equity 364 389 448 183 138
Total Liabilities & Shareholder's Equity 478 494 529 337 320
Total Common Equity 100,363 389 448 183 138
Shares Outstanding 60.20 60.20 67.10 69.50 38.00
Book Value Per Share 1,667.16 6.46 6.68 2.64 3.62

Fiscal Year End for Emeren Group Ltd Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,944 -99,929 69 71 77
Receivables 90 98 79 87 80
Notes Receivable NA NA 0 0 0
Inventories NA NA 0 0 0
Other Current Assets 65 58 66 71 54
Total Current Assets 211 227 214 229 211
Net Property & Equipment 210 200 186 192 204
Investments & Advances NA NA 0 0 0
Other Non-Current Assets NA NA 0 0 0
Deferred Charges NA NA 0 0 0
Intangibles NA NA 0 1 1
Deposits & Other Assets 17 17 18 18 22
Total Assets 463 478 454 478 482
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA NA 0 0 0
Accounts Payable 16 13 3 5 6
Current Portion Long-Term Debt 1 1 1 1 1
Current Portion Capital Leases NA 5 0 6 8
Accrued Expenses 1 1 1 1 1
Income Taxes Payable 2 2 0 2 1
Other Current Liabilities 37 36 33 26 25
Total Current Liabilities 58 58 40 42 44
Mortgages NA NA 0 0 0
Deferred Taxes/Income 4 4 3 4 4
Convertible Debt NA NA 0 0 0
Long-Term Debt 23 23 22 23 22
Non-Current Capital Leases 9 11 0 0 0
Other Non-Current Liabilities NA 12 13 15
Minority Interest (Liabilities) NA NA 0 0 0
Total Liabilities 112 114 94 99 105
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA NA 0 0 0
Common Stock (Par) 807 807 807 807 806
Capital Surplus 15 15 15 14 14
Retained Earnings -451 -447 -439 -429 -438
Other Equity 29 31 17 22 27
Treasury Stock 48 42 39 35 33
Total Shareholder's Equity 351 364 361 379 377
Total Liabilities & Shareholder's Equity 463 478 454 478 482
Total Common Equity 100,350 100,363 361 379 377
Shares Outstanding 60.20 60.20 60.20 60.20 60.20
Book Value Per Share 1,666.94 1,667.16 5.99 6.29 6.26