Emeren Group Stock Price, News & Analysis

ReneSola Power (NYSE: SOL) announced its participation in two virtual investor conferences. The 33rd Annual Roth Conference is scheduled for March 17, 2021, with a fireside chat at 12:00 PM EDT. The Maxim Group Inaugural Emerging Growth Virtual Conference will follow on March 18, 2021, also at 12:00 PM EDT. Investors can access webcasts of the events on the ReneSola Power website. Management will be available for one-on-one meetings with institutional investors during these conferences.

SOL Global Investments Corp. announced a normal course issuer bid (NCIB) to repurchase up to 2,737,805 common shares, about 5% of its outstanding shares, due to their belief that the market price does not reflect the company's underlying value. The NCIB is set to commence on March 31, 2021. The Company plans to appoint Clarus Securities as its broker for the buyback. This initiative is part of SOL Global's strategy to enhance shareholder value, with the 2020 financial results expected to be released on March 29, 2021.

SOL Global Investments Corp. has filed a U.S. complaint against its offshore hedge fund lender, 1235 Fund LP, over repayment terms concerning a $50 million non-convertible debenture. The issuer seeks to clarify that repayment must be made in cash and not in shares of Verano Holdings or Harvest Health, following a failed transaction involving these companies. The hedge fund initiated litigation in Ontario, claiming damages exceeding $550 million. SOL Global plans to respond legally and asserts it can repay the debenture in cash.

ReneSola Ltd (NYSE: SOL) has announced its participation in the Arctic Securities Solar Power Webinar scheduled for March 2, 2021, at 2:30 PM CET / 8:30 AM EST. The presentation will be available via webcast on the company's investors page. ReneSola is a global solar project developer, focusing on project development, construction management, and financing services, with operations in over 10 countries, particularly in the U.S. and Europe, including key markets like Poland and New York.

ReneSola Power (NYSE: SOL), a global leader in solar project development, announced its participation in two upcoming virtual investor conferences. The Raymond James Institutional Investors Conference will be held on March 2, 2021, with a presentation at 3:00 pm ET. Following this, the Credit Suisse 26th Annual Energy Summit is set for March 3, 2021, featuring a fireside chat at 8:10 am ET. Webcasts will be available for replay on ReneSola's website. Management will also hold one-on-one meetings with institutional investors during these events.

SOL Global Investments has divested 16,891,749 common shares and 6,450,000 warrants of Bluma Wellness Inc. for a total consideration of US$23,341,749. This sale occurred on February 12, 2021, reducing SOL Global's ownership below 10% in Bluma, thus exempting it from further early warning reports. Despite the divestment, SOL retains a 33% indirect interest in Bluma. The move aligns with regulatory compliance regarding investments in Florida's medical marijuana sector. Upcoming arrangements involve Cresco Labs Inc., aiming for strategic growth.

SOL Global Investments Corp. has announced major developments in its investment portfolio. Notably, Verano Holdings has executed a merger agreement to go public in Canada via a reverse takeover of Majesta Minerals. This is expected to significantly enhance SOL Global’s net asset value. Additionally, the company is pursuing litigation against its lender regarding repayment terms related to a $50 million debenture. SOL Global plans to divest its stake in Bluma Wellness for approximately $23 million to comply with regulations while retaining a minority interest.

ReneSola Ltd (NYSE: SOL) has successfully closed a registered direct offering of 10,000,000 American Depositary Shares (ADSs) at $25.00 each, totaling $250 million in gross proceeds. The funds are earmarked for expanding its solar project pipeline, pursuing strategic acquisitions, and for general working capital. The offering was facilitated by H.C. Wainwright & Co., with Roth Capital Partners and Raymond James as financial advisors. This fundraising effort aligns with ReneSola's strategy to capitalize on market growth in solar power, especially in the U.S. and Europe.

ReneSola Ltd (NYSE: SOL) announced a registered direct offering of 10 million American Depositary Shares (ADSs) at $25.00 each, projected to raise $250 million before fees. The offering is set to close around January 27, 2021, subject to standard conditions. Proceeds will be used to enhance the solar project pipeline and pursue strategic acquisitions. H.C. Wainwright & Co. is the exclusive placement agent. The offering is made under a 'shelf' registration effective January 25, 2021.