(SOL) Emeren - Ratings and Ratios

Emeren Group Ltd (NYSE:SOL), formerly known as ReneSola Ltd, is a global renewable energy company specializing in the development, construction, and operation of solar power projects. With a 3-gigawatt pipeline of operational assets and a 10-gigawatt storage pipeline under development, the company is a key player in the transition to clean energy. Its operations span community solar gardens, engineering design, procurement of solar modules, balance-of-system components, and construction management services. Additionally, Emeren generates and sells electricity, positioning itself as a vertically integrated independent power producer. The company operates across multiple regions, including China, the United States, the United Kingdom, Germany, France, Poland, Italy, and Hungary. Headquartered in Norwalk, Connecticut, Emeren Group Ltd has been in operation since 2005 and rebranded in January 2023 to reflect its expanded focus on solar and storage solutions.

Over the next three months, Emeren Group Ltd is expected to face a challenging environment based on its current technical and fundamental trends. From a technical perspective, the stock is trading below its 20-day, 50-day, and 200-day moving averages, indicating bearish momentum. The average true range (ATR) of 0.11 suggests low volatility, but the stocks recent price of $1.53 is below its SMA20 of $1.67, signaling potential near-term weakness. On the fundamental side, the companys negative return on equity (RoE) of -2.27% and a price-to-book (P/B) ratio of 0.27 indicate undervaluation but also highlight operational challenges. The forward P/E of 3.69 suggests investors are pricing in modest growth expectations. Overall, the stock is likely to remain range-bound, with upside potential limited by its high debt levels and negative equity position.