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Emeren Group Ltd - SOL STOCK NEWS

Welcome to our dedicated news page for Emeren Group (Ticker: SOL), a resource for investors and traders seeking the latest updates and insights on Emeren Group.

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.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Emeren Group's position in the market.

News
Emeren Group and Nuveen Infrastructure Finalize 354 MWp Battery Storage Portfolio in Italy with 2.83 GWh Capacity
Rhea-AI Summary
Emeren Group and Nuveen Infrastructure have finalized a 354 MWp Battery Storage Portfolio in Italy with a 2.83 GWh capacity. The agreement includes the development of 199 MW of Battery Storage Projects in Southern Italy, with plans for additional projects in the Apulia region. The partnership aims to enhance Southern Italy's battery storage capacity and support the clean energy transition in Europe.
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Emeren Group Announces Receipt of Notice of Late Filing from NYSE
Rhea-AI Summary
Emeren Group received a notice of late filing from the NYSE due to the delayed submission of its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The company has until October 16, 2024, to file the form and regain compliance, with a possible extension of up to six additional months. The NYSE may consider delisting if necessary. Emeren faced challenges due to the resignation of its independent registered public accounting firm, requiring additional resources and efforts to complete financial reporting.
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Emeren Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Emeren Group (NYSE: SOL) announced its unaudited financial results for Q4 and full year 2023, accessible on their website. A conference call will be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.24%
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earnings
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Emeren to Release Fourth Quarter and Full Year 2023 Financial Results on March 28, 2024
Rhea-AI Summary
Emeren Group (NYSE: SOL) to report unaudited financial results for Q4 and full year 2023 on March 28, 2024. Conference call scheduled for 5:00 p.m. U.S. Eastern Time. Webcast and registration details provided.
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Emeren Group and Glennmont to Develop 155 MW of Battery Storage Projects in Italy
Rhea-AI Summary
Emeren Group (NYSE: SOL) partners with Glennmont Partners to co-develop 155 MW of Battery Storage Projects in Southern Italy, expanding their project portfolio. The projects are set to begin construction in late 2025 and operations in early 2027, aiming to drive renewable energy investment goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
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Emeren Group to Participate at the 36th Annual ROTH Conference
Rhea-AI Summary
Emeren Group Ltd (NYSE: SOL) will participate in investor meetings at the 36th Annual Roth conference in March 2024. Contact a Roth sales representative for more information or to request a meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.61%
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conferences
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Emeren Group's Board of Directors Approves an Accelerated Stock Repurchase Program up to $10 million
Rhea-AI Summary
Emeren Group Ltd (NYSE: SOL) announces an accelerated stock repurchase program of up to $10 million, showcasing confidence in future growth and shareholder value. The ASR complements the existing buyback program, highlighting the company's focus on solar project development and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.42%
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buyback management
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Emeren Group Announces Preliminary 2023 Financials and 2024 Outlook
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
Rhea-AI Sentiment
End-of-Day
5.13%
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Emeren Group Successfully Acquired 10.76 MWh Energy Storage Portfolio in China, Entering Virtual Power Plant Market
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.03%
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acquisition
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Emeren Group Releases 2022 Environmental, Social and Governance Report
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.07%
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Stock SOL logo
Emeren Group Ltd

NYSE:SOL

SOL Rankings

#4322 Ranked by Market Cap
#4559 Ranked by Stock Gains
N/A Ranked by Dividends

SOL Stock Data

115.14M
350.68M
0.9%
44.91%
3.21%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
China (Mainland)
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