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NYSE: SOL
Emeren Group Ltd Stock Forecast, Predictions & Price Target

Analyst price target for SOL

Based on 4 analysts offering 12 month price targets for Emeren Group Ltd.
Min Forecast
$3.20+57.64%
Avg Forecast
$5.80+185.71%
Max Forecast
$8.00+294.09%

Should I buy or sell SOL stock?

Based on 4 analysts offering ratings for Emeren Group Ltd.
Strong Buy
Strong Buy
2 analysts 50%
Buy
1 analysts 25%
Hold
1 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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SOL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-11-22
lockedlocked$00.00+00.00%2023-11-22
lockedlocked$00.00+00.00%2023-11-22
lockedlocked$00.00+00.00%2023-10-03

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Forecast return on equity

Is SOL forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
21.34%

Forecast return on assets

Is SOL forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

SOL revenue forecast

What is SOL's revenue in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$148.7M+72.19%
Avg 2 year Forecast
$197.1M+128.29%
SOL's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

SOL revenue growth forecast

How is SOL forecast to perform vs Solar companies and vs the US market?
Company
51.09%
Industry
11.98%
Market
9.63%
SOL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
SOL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

SOL vs Solar Stocks

TickerPricePrice TargetUp/downsideConsensus
SOL$2.03$5.80+185.71%Strong Buy
BEEM$6.92N/AN/A
FTCI$0.59$1.29+119.39%Buy
SPRU$3.97N/AN/A
TYGO$1.06$3.60+239.62%Buy

Emeren Group Stock Forecast FAQ

Is Emeren Group Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NYSE: SOL) stock is to Strong Buy SOL stock.

Out of 4 analysts, 2 (50%) are recommending SOL as a Strong Buy, 1 (25%) are recommending SOL as a Buy, 1 (25%) are recommending SOL as a Hold, 0 (0%) are recommending SOL as a Sell, and 0 (0%) are recommending SOL as a Strong Sell.

If you're new to stock investing, here's how to buy Emeren Group stock.

What is SOL's revenue growth forecast for 2024-2025?

(NYSE: SOL) Emeren Group's forecast annual revenue growth rate of 51.09% is forecast to beat the US Solar industry's average forecast revenue growth rate of 11.98%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.63%.

Emeren Group's revenue in 2024 is $86,337,000.On average, 4 Wall Street analysts forecast SOL's revenue for 2024 to be $83,679,355,473, with the lowest SOL revenue forecast at $72,948,202,128, and the highest SOL revenue forecast at $97,939,715,820.

In 2025, SOL is forecast to generate $110,942,057,403 in revenue, with the lowest revenue forecast at $109,872,600,736 and the highest revenue forecast at $112,011,514,070.

What is SOL's forecast return on assets (ROA) for 2024-2026?

(NYSE: SOL) forecast ROA is N/A, which is lower than the forecast US Solar industry average of N/A.

What is SOL's Price Target?

According to 4 Wall Street analysts that have issued a 1 year SOL price target, the average SOL price target is $5.80, with the highest SOL stock price forecast at $8.00 and the lowest SOL stock price forecast at $3.20.

On average, Wall Street analysts predict that Emeren Group's share price could reach $5.80 by Nov 22, 2024. The average Emeren Group stock price prediction forecasts a potential upside of 185.71% from the current SOL share price of $2.03.

What is SOL's forecast return on equity (ROE) for 2024-2026?

(NYSE: SOL) forecast ROE is N/A, which is considered weak.
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