Emeren Group Stock Price, News & Analysis

Emeren Group Ltd (NYSE: SOL), a global leader in solar project development, will participate in a fireside chat at the 35th Annual Roth Conference in Laguna Niguel, California, on March 13, 2023, at 8:00 a.m. PDT. The management team will also conduct one-on-one meetings with institutional investors on March 13-14. Emeren boasts a robust project pipeline of around 3 GW across Europe, North America, and Asia, focusing on solar power project development and management. Interested parties can request meetings through Roth sales representatives.

Technavio's latest report reveals that the global solar PV balance of systems (BOS) market is projected to grow by USD 79.47 billion from 2021 to 2026, with a CAGR of 18.8%. The report highlights that APAC will dominate this growth, accounting for 59% of the market's expansion, driven by increasing investments in renewable energy and government incentives in countries like China, Japan, and India. The market is fragmented and faces competition from alternative energy sources such as wind and bioenergy, but reduced solar energy costs and innovative financing solutions are key trends positively influencing the market.

Emeren Group Ltd (NYSE: SOL) announced the appointment of Marcum Asia CPAs LLP as its independent registered public accounting firm for the fiscal year ended December 31, 2022, effective January 23, 2023. This decision followed careful evaluation and was ratified by the Board of Directors and Audit Committee. The change was not due to any disagreements with the former auditor, Grant Thornton Zhitong Certified Public Accountants LLP. Emeren expects the Holding Foreign Companies Accountable Act will not apply following Marcum Asia's audit report. Emeren has a global pipeline of ~3 GW in solar projects and operates in over 10 countries.

ReneSola Ltd (NYSE: SOL) has announced a major share repurchase deal involving the buyback of 3 million ADSs for $4.4 each, totaling $13.2 million. Additionally, Shah Capital will acquire 2.05 million ADSs at the same price, amounting to $9.02 million. This transaction reflects a significant 25% discount to SOL's Net Asset Value as of September 30, 2022. The buyback is viewed as a strategic step to enhance shareholder value and establishes ownership independence from ReneSola Singapore.

ReneSola Ltd (NYSE: SOL) held its 2022 annual general meeting, where shareholders approved critical company measures.

These included the adoption of financial statements for the year ending December 31, 2021, and the re-election of Martin Bloom as a director.

Additionally, three new directors, Yumin Liu, Himanshu Harshad Shah, and Ramnath Iyer, were appointed. A significant amendment to the Company's articles of association was made, establishing federal district courts in the United States as the exclusive forum for securities law claims.

ReneSola Power (NYSE: SOL) reported its unaudited financial results for Q3 2022 on December 1, 2022. Detailed results are available in the shareholder letter on the company's Investor Relations page. The firm continues to operate as a global solar project developer with a strong presence in Europe, North America, and Asia. Investments in project development are fueled by growing demand for clean energy and favorable government policies. The company will host a conference call on December 1, 2022, to discuss these results.

ReneSola Ltd (NYSE: SOL) has appointed Himanshu H. Shah, Founder and CIO of Shah Capital, as the new Chairman of its Board of Directors. This change follows a series of updates in the leadership of the company's committees, with Martin Bloom taking over the Audit Committee, Ramnath Iyer leading the Compensation and ESG Committees, and Shah also heading the Nominating and Corporate Governance Committee. Shah Capital holds over 22% of ReneSola Power, and Shah has opted not to take any compensation for his role.

ReneSola Power (NYSE: SOL) will disclose its unaudited financial results for Q3 2022 on December 1, 2022, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. U.S. Eastern Time on the same day. The company, recognized for solar project development and financing, maintains a strong position in growing markets, particularly in the U.S. and Europe. Investors can access the earnings call via the company's website and participate by registering in advance.