Emeren Group Stock Price, News & Analysis

ReneSola Ltd (NYSE: SOL) reported a revenue of $18.5 million for Q2 2021, marking its fifth consecutive quarter of profitability. The company achieved a net income of $7.0 million attributed to its operations. The results highlight ReneSola’s robust position in the solar market, particularly in the U.S. and Europe, where it has a strong foothold. Management will discuss these results during a conference call scheduled for August 30, 2021, at 4:30 p.m. ET.

ReneSola Ltd (NYSE: SOL) announced it will report its unaudited financial results for Q2 2021, ending June 30, after the market closes on August 30, 2021. A conference call will follow at 4:30 p.m. ET on the same day. The company focuses on solar project development and has a strong presence in markets like the U.S. and Europe. It emphasizes high-margin opportunities in rapidly growing solar markets.

ReneSola Ltd (NYSE: SOL), a top solar project developer, announced its participation in the Susquehanna Energy, Industrials & Airlines Virtual Conference on August 10, 2021. The event provides an opportunity for management to engage in one-on-one meetings with institutional investors, facilitating networking and discussions regarding the company’s future strategies. ReneSola specializes in solar project development, construction management, and financing services, with operations in over 10 countries, primarily focusing on high-margin opportunities in the U.S. and Europe.

ReneSola Ltd (NYSE: SOL) announced a strategic partnership with Emeren to co-develop ground-mounted solar projects in Italy, targeting 110 MW of shovel-ready projects by 2022. This collaboration aims to enhance their presence in the Italian solar market and expand project development efforts across Europe. Leaders from both companies expressed optimism about the agreement, highlighting their commitment to high-quality solar projects and the positive impact on renewable energy in the region.

On July 23, 2021, ReneSola Ltd (NYSE: SOL) announced board changes, with Mr. Wade Li resigning to pursue other interests after serving since October 2019. Ms. Maggie Ma has been appointed to the Board, effective immediately. Ma has extensive experience, including past roles as CFO and VP of financial control at ReneSola, which will enhance the company’s leadership. CEO Yumin Liu expressed enthusiasm over Ma's return, highlighting her expertise in solar and financial operations as key to advancing the company's growth in project development, particularly in the U.S. and Europe.

ReneSola Ltd (NYSE: SOL) has successfully closed the sale of a 38 MW solar project portfolio in Poland to Obton, a prominent Danish solar investment firm. The portfolio includes 38 utility projects, each with a capacity of 1 MW, secured during Poland's solar auction in December 2020. These projects are eligible for a guaranteed 15-year tariff under the country's Contract for Difference regime and are expected to be grid-connected within a year. ReneSola will handle EPC management and financing until the projects reach commercial operation.

ReneSola Ltd (NYSE: SOL) announced the award of 30 solar utility projects in Poland, consisting of 29 projects with 1 MW capacity each and one larger-scale project of 4 MW. The projects are part of Poland's Contract for Difference (CFD) regime, ensuring a 15-year guaranteed tariff. The average winning bid was approximately USD 58/MWh for the 4 MW project and USD 61/MWh for the 1 MW projects, with grid connection expected within two years. CEO Yumin Liu emphasized Poland's importance to the company's growth and project expansion in Europe.

ReneSola Power (NYSE: SOL) announced its participation in two upcoming virtual investor conferences. The Roth Capital Virtual London Conference will be held on June 21-22, 2021, followed by the Sidoti Virtual Investor Conference on June 23-24, 2021, with a fireside chat scheduled for 1:45 PM EDT. Management will be available for one-on-one meetings with institutional investors at these events. ReneSola Power is a leading global solar project developer, focusing on high-margin project development in rapidly growing solar markets across the U.S. and Europe.