Emeren Group Stock Price, News & Analysis

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.

ReneSola Ltd (NYSE: SOL) announced the closing of a registered direct offering of 2.50 million American Depositary Shares (ADSs) at $16.00 each, raising $40 million in gross proceeds. H.C. Wainwright & Co. served as the exclusive placement agent. The proceeds will be used to expand the solar project pipeline and for general working capital. This offering is part of a 'shelf' registration statement with the SEC, intended to facilitate future capital-raising processes.

ReneSola Ltd (SOL) announced an agreement to sell 20 solar projects in Hungary to Obton, totaling 12.3 MW of capacity. These projects, operational since 2020, qualify under Hungary's 25-year KAT feed-in tariff scheme. CEO Yumin Liu highlighted the transaction's role in enhancing ReneSola's market position in Hungary, emphasizing their strategy for profitable growth. Both companies view this collaboration as beneficial, aiming to explore further opportunities in Europe despite challenging macro conditions.

ReneSola Ltd (NYSE: SOL) has announced a registered direct offering of 2.50 million American Depositary Shares (ADSs) at $16.00 each, aiming to raise $40 million before costs. The offering, facilitated by H.C. Wainwright & Co., is set to close around January 11, 2021. Proceeds will support the expansion of the company's solar project pipeline and meet general working capital needs. The securities are part of a shelf registration filed with the SEC, with pertinent documents to be available for investors.