Emeren Group Stock Price, News & Analysis

Emeren Group (NYSE: SOL) announced significant leadership changes and preliminary Q1 2025 results. CEO Yumin Liu will step down effective April 30, 2025, with board member Julia Xu appointed as Interim CEO starting May 1. The company has initiated a search for a permanent CEO, considering both internal and external candidates.

The company also formed a special committee of three independent directors to evaluate a going private proposal received on March 17, 2025.

Preliminary Q1 2025 results include:

• Revenue of approximately $8.4m
• Gross margin of approximately 32%
• Non-GAAP operating loss of about $4 million

Emeren Group (NYSE: SOL) reported Q4 and full year 2024 financial results, highlighting resilient performance despite challenges. The company generated $92.1 million in revenue for FY2024, down 13% Y/Y, with a 26.2% gross margin. Q4 revenue was $34.6 million with $4.8 million gross profit.

Key achievements include $10.5 million Q4 operating cash flow and $6.9 million adjusted EBITDA for 2024. The company's IPP and DSA segments showed strong performance, with secured DSA contracts totaling over 2.8 GW and expected to generate $84 million in contracted revenue.

Notable transactions include the sale of a 17 MW solar portfolio in Poland, 462 MW BESS DSA in Italy, and 65 MW solar projects in Germany. The company ended Q4 with $50.0 million in cash, up 40% sequentially. For 2025, Emeren projects revenue of $80-100 million with 30-33% gross margin.

Emeren Group (NYSE: SOL), a leading global solar project developer, owner, and operator, has announced its participation in the upcoming 37th Annual ROTH Conference. The event will take place from March 16th to 18th in Dana Point, CA.

The company's management team will be available for one-on-one and small group meetings with institutional investors during the conference. Interested parties can arrange meetings through ROTH sales representatives or submit registration requests through the provided conference registration link.

Emeren Group (NYSE: SOL), a leading global solar project developer, owner, and operator, has announced it will release its unaudited financial results for the fourth quarter and full year ended December 31, 2024, after the U.S. stock market close on Thursday, March 13, 2025.

The company will host a conference call to discuss these financial results at 5:00 p.m. U.S. Eastern Time on the same day. Interested participants can register in advance for the conference call and should dial in 10 minutes before the scheduled start time.

Access to the call will be provided upon registration, and both a live and archived webcast of the conference call will be available on the Investor Relations section of Emeren's website at https://ir.emeren.com/.

Emeren Group (NYSE: SOL) has announced the sale of a 17 MW operational solar portfolio in Poland. The portfolio consists of a previously announced 15 MW project under a Power Purchase Agreement (PPA) and an additional 2 MW project. Both projects were developed and constructed by Emeren and sold together as a package deal.

The projects support Poland's climate goals and energy transition while contributing to local economic development through job creation and tax revenue generation. CEO Yumin Liu emphasized that this achievement reinforces Emeren's position as a trusted leader in key markets like Poland and demonstrates their commitment to advancing renewable energy initiatives.

Emeren Group (NYSE: SOL) has announced the sale of a 65 MWp solar project portfolio to Trina Solar International System Business Unit (ISBU). The portfolio consists of three projects in Germany: one in Saarland, and two Agri-PV projects in Mecklenburg-Western Pomerania and Lower Saxony.

The projects are expected to close in mid-to-late 2025 and have potential for Battery Energy Storage Systems (BESS) integration. This sale follows a previous successful collaboration between Emeren and Trina Solar in France, strengthening Emeren's position in Germany's renewable energy market.

The deal marks Trina Solar ISBU's entry into the German renewable energy market, which they consider a key European market for their downstream PV and BESS project development efforts. Trina has established a team in Germany and plans to expand alongside their business growth.

Emeren Group (NYSE: SOL) has signed a 7-year Power Purchase Agreement (PPA) for a 15 MWp solar farm in Poland's Silesia region. The project will supply clean energy to a Polish subsidiary of a multinational consumer goods business under a pay-as-produced agreement.

The solar farm will generate approximately 14,958 MWh of renewable energy annually, reducing carbon dioxide emissions by about 16,150 metric tons per year. The project created 80 construction jobs and will maintain 10 long-term positions. It will generate annual revenues of 90,000 PLN in property taxes and 167,000 PLN in land taxes for local development.

Emeren Group (NYSE: SOL) has completed the second round of its Battery Energy Storage System (BESS) portfolio development with Arpinge in Italy. The new round adds 162 MW (1.4 GWh) of standalone BESS projects in Sicily, bringing the total portfolio to 462 MW when combined with the previously announced 300 MW tranche from November 2024.

The projects are part of Emeren's Development Service Agreement (DSA) strategy, through which the company has secured contracts with nine partners for 28 projects totaling over 2.1 GW (84% BESS, 16% PV). These agreements are expected to generate over $69 million in contracted revenue within 2-3 years, with an additional 2.0 GW of projects under negotiation.

Emeren Group (NYSE: SOL) has announced the sale of its 2.8 MWdc solar project in Maine to Altus Power (NYSE: AMPS). The project, which has reached full commercial operation, is the final asset from Emeren's Maine pipeline. Altus Power, the largest commercial scale provider of clean electric power, will take over ownership and long-term management of the facility to deliver sustainable energy to local communities and support Maine's renewable energy objectives.

The transaction demonstrates Emeren's ability to efficiently deliver COD projects and strengthens its presence in the U.S. market while supporting Maine's growing demand for renewable energy. The project will contribute to Altus Power's expanding portfolio and support Community Solar subscribers.