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Emeren Group Ltd (SOL)



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Upturn Advisory Summary
09/17/2025: SOL (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $7
1 Year Target Price $7
0 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 3.1% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 97.00M USD | Price to earnings Ratio - | 1Y Target Price 7 |
Price to earnings Ratio - | 1Y Target Price 7 | ||
Volume (30-day avg) 2 | Beta 2.01 | 52 Weeks Range 1.04 - 3.00 | Updated Date 09/17/2025 |
52 Weeks Range 1.04 - 3.00 | Updated Date 09/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.07 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-28 | When - | Estimate -0.005 | Actual 0.03 |
Profitability
Profit Margin -5.77% | Operating Margin (TTM) -50.38% |
Management Effectiveness
Return on Assets (TTM) -0.44% | Return on Equity (TTM) -9.66% |
Valuation
Trailing PE - | Forward PE 4.13 | Enterprise Value 133558865 | Price to Sales(TTM) 1.42 |
Enterprise Value 133558865 | Price to Sales(TTM) 1.42 | ||
Enterprise Value to Revenue 1.95 | Enterprise Value to EBITDA 19.61 | Shares Outstanding 51321600 | Shares Floating 319246150 |
Shares Outstanding 51321600 | Shares Floating 319246150 | ||
Percent Insiders 1.06 | Percent Institutions 42.57 |
Upturn AI SWOT
Emeren Group Ltd
Company Overview
History and Background
Emeren Group Ltd (formerly ReneSola) was founded in 2005. Initially focused on solar wafer manufacturing, it has evolved into a global solar project developer, owner, and operator. Key milestones include expanding into project development and diversifying geographically.
Core Business Areas
- Solar Project Development: Develops, owns, and operates solar power projects globally, focusing on utility-scale, commercial & industrial, and distributed generation segments. This includes project origination, permitting, engineering, procurement, construction management, and commissioning.
- Independent Power Producer (IPP): Emeren Group owns and operates a portfolio of solar power plants and sells the generated electricity through power purchase agreements (PPAs).
Leadership and Structure
Mr. Yumin Liu serves as the Chief Executive Officer. The organizational structure comprises various departments including project development, finance, legal, and operations, with regional teams focused on specific geographic markets.
Top Products and Market Share
Key Offerings
- Utility-Scale Solar Projects: Development and sale of large-scale solar projects. Emeren competes with project developers like NextEra Energy Resources and EDP Renewables. Market share data is difficult to pinpoint exactly, but Emeren's activity represents a relatively small percentage of the total market, likely below 1%. Revenue fluctuates based on project sales and power generation.
- Commercial & Industrial (C&I) Solar Projects: Development of solar solutions for businesses. Competitors include SunPower and Enphase Energy. Again, Emeren holds a small portion of this overall market.
Market Dynamics
Industry Overview
The solar energy industry is experiencing rapid growth, driven by increasing demand for renewable energy, government incentives, and declining costs of solar technology. The industry is competitive, with numerous players ranging from large multinational corporations to smaller regional developers.
Positioning
Emeren Group is positioned as a global solar project developer with a focus on selected high-growth markets. Its competitive advantages include its experienced development team, global presence, and access to financing.
Total Addressable Market (TAM)
The global solar energy market is expected to reach hundreds of billions of dollars in the coming years. Emeren Group is positioned to capture a portion of this TAM through its project development activities and IPP portfolio. TAM for solar is estimated to reach $223.3 Billion in 2024.
Upturn SWOT Analysis
Strengths
- Global presence
- Experienced development team
- Focus on high-growth markets
- Expanding IPP portfolio
- Strong project pipeline
Weaknesses
- Relatively small market share
- Dependence on government incentives
- Exposure to regulatory changes
- Fluctuations in solar panel prices
- Limited brand recognition compared to larger players
Opportunities
- Expanding into new geographic markets
- Developing energy storage solutions
- Securing long-term power purchase agreements (PPAs)
- Benefiting from increasing government support for solar energy
- Acquiring smaller project developers
Threats
- Increased competition
- Changes in government regulations and incentives
- Economic downturns
- Fluctuations in interest rates
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- First Solar (FSLR)
- Enphase Energy (ENPH)
- SunPower (SPWR)
Competitive Landscape
Emeren Group faces intense competition from larger, more established players. Its advantages include its focus on high-growth markets and its experienced development team. Disadvantages include its relatively small market share and limited brand recognition.
Major Acquisitions
Project Development Platform in Europe
- Year: 2021
- Acquisition Price (USD millions): 12
- Strategic Rationale: Expanded Emeren's presence in the European solar market.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by expanding project development activities and strategic acquisitions.
Future Projections: Future growth is expected to be driven by increasing demand for solar energy, expansion into new markets, and the development of new technologies such as energy storage.
Recent Initiatives: Recent initiatives include expanding into new geographic markets, developing energy storage projects, and strengthening partnerships with key suppliers.
Summary
Emeren Group is a growing solar project developer with a global presence and focus on high-growth markets. Its strengths lie in its experienced team and strategic partnerships, but it faces challenges due to intense competition and regulatory uncertainties. Future success depends on its ability to execute its project pipeline and expand into new markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Analyst Reports
- Industry News
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Emeren Group Ltd
Exchange NYSE | Headquaters Norwalk, CT, United States | ||
IPO Launch date 2008-01-29 | Interim CEO & Director Ms. Julia Xu | ||
Sector Technology | Industry Solar | Full time employees - | Website https://emeren.com |
Full time employees - | Website https://emeren.com |
Emeren Group Ltd, together with its subsidiaries, develops, builds, and sells solar power projects. It owns and operates 3 GW pipeline of projects and independent power producer assets, as well as a 10 GWh pipeline of storage pipeline. The company develops community solar gardens; and sells project rights. In addition, it engages in engineering design; procurement of solar modules; balance-of-system components and other components; and construction contracting and management services. Further, the company generates and sells electricity. It operates in China, the United States, the United Kingdom, Germany, France, Poland, Italy, and Hungary. The company was formerly known as ReneSola Ltd and changed its name to Emeren Group Ltd in January 2023. Emeren Group Ltd was founded in 2005 and is headquartered in Norwalk, Connecticut.

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