Emeren Group Ltd - Understand $sol stock

$SOL Market Cap: $98.63 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$101.7M

TTM

Gross Margin

27.46%

TTM

Net Earnings

-$7.257M

TTM

Current Assets

$211.8M

Q3 2024

Current Liabilities

$48.84M

Q3 2024

Current Ratio

433.66%

Q3 2024

Total Assets

$470.1M

Q3 2024

Total Liabilities

$110.7M

Q3 2024

Book Value

$359.4M

Q3 2024

Cash

$35.76M

Q3 2024

P/E

-13.59

Nov 29, 2024 EST

Free Cash Flow

$5.804M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Revenue	$105.6M	$61.29M	$79.66M	$73.50M	$119.1M	$96.90M	$103.0M	$80.50M	$1.282B	$1.562B	$1.520B	$969.1M	$985.3M	$1.206B	$510.4M	$670.4M	$249.0M	$84.40M	$5.100M
YoY Change	72.36%	-23.06%	8.38%	-38.29%	22.91%	-5.92%	27.95%	-93.72%	-17.9%	2.76%	56.81%	-1.64%	-18.27%	136.21%	-23.87%	169.24%	195.02%	1554.9%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Revenue	$105.6M	$61.29M	$79.66M	$73.50M	$119.1M	$96.90M	$103.0M	$80.50M	$1.282B	$1.562B	$1.520B	$969.1M	$985.3M	$1.206B	$510.4M	$670.4M	$249.0M	$84.40M	$5.100M
Cost Of Revenue	$80.63M	$45.95M	$48.24M	$56.80M	$84.90M	$68.80M	$88.80M	$73.30M	$1.094B	$1.352B	$1.407B	$1.007B	$889.2M	$857.6M	$553.6M	$684.7M	$195.5M	$59.60M	$3.700M
Gross Profit	$25.01M	$15.34M	$31.42M	$16.70M	$34.20M	$28.10M	$14.10M	$7.200M	$187.9M	$209.3M	$113.1M	-$38.10M	$96.10M	$348.0M	-$43.20M	-$14.30M	$53.50M	$24.70M	$1.400M
Gross Profit Margin	23.68%	25.02%	39.45%	22.72%	28.72%	29.0%	13.69%	8.94%	14.66%	13.4%	7.44%	-3.93%	9.75%	28.87%	-8.46%	-2.13%	21.49%	29.27%	27.45%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Selling, General & Admin	$26.36M	$17.62M	$17.30M	$14.90M	$16.50M	$11.10M	$7.900M	$7.400M	$131.6M	$160.4M	$131.2M	$82.10M	$55.80M	$51.70M	$34.50M	$23.80M	$9.300M	$2.600M	$600.0K
YoY Change	49.57%	1.85%	16.13%	-9.7%	48.65%	40.51%	6.76%	-94.38%	-17.96%	22.26%	59.81%	47.13%	7.93%	49.86%	44.96%	155.91%	257.69%	333.33%
% of Gross Profit	105.38%	114.91%	55.06%	89.22%	48.25%	39.5%	56.03%	102.78%	70.04%	76.64%	116.0%		58.06%	14.86%			17.38%	10.53%	42.86%
Research & Development									$43.90M	$52.60M	$46.50M	$44.10M	$47.10M	$36.30M	$14.50M	$9.700M	$1.100M	$0.00	$0.00
YoY Change									-16.54%	13.12%	5.44%	-6.37%	29.75%	150.34%	49.48%	781.82%
% of Gross Profit									23.36%	25.13%	41.11%		49.01%	10.43%			2.06%	0.0%	0.0%
Depreciation & Amortization	$7.830M	$6.817M	$6.794M	$7.300M	$7.800M	$8.400M	$4.500M	$2.400M	$90.10M	$90.20M	$112.9M	$93.50M	$82.70M	$56.40M	$32.70M	$15.50M	$4.200M	$700.0K	$0.00
YoY Change	14.85%	0.34%	-6.93%	-6.41%	-7.14%	86.67%	87.5%	-97.34%	-0.11%	-20.11%	20.75%	13.06%	46.63%	72.48%	110.97%	269.05%	500.0%
% of Gross Profit	31.3%	44.45%	21.62%	43.71%	22.81%	29.89%	31.91%	33.33%	47.95%	43.1%	99.82%		86.06%	16.21%			7.85%	2.83%	0.0%
Operating Expenses	$33.67M	$17.97M	$17.31M	$8.500M	$18.00M	$12.60M	$7.600M	$4.800M	$158.5M	$201.1M	$131.8M	$124.5M	$84.50M	$102.0M	$47.30M	$33.40M	$10.00M	$2.500M	$800.0K
YoY Change	87.4%	3.79%	103.67%	-52.78%	42.86%	65.79%	58.33%	-96.97%	-21.18%	52.58%	5.86%	47.34%	-17.16%	115.64%	41.62%	234.0%	300.0%	212.5%
Operating Profit	-$8.661M	-$2.633M	$14.11M	$8.200M	$16.20M	$15.50M	$6.500M	$2.400M	$29.40M	$8.200M	-$18.70M	-$162.6M	$11.60M	$246.0M	-$90.50M	-$47.70M	$43.50M	$22.20M	$600.0K
YoY Change	228.96%	-118.66%	72.1%	-49.38%	4.52%	138.46%	170.83%	-91.84%	258.54%	-143.85%	-88.5%	-1501.72%	-95.28%	-371.82%	89.73%	-209.66%	95.95%	3600.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Interest Expense	$2.205M	$3.167M	-$5.264M	-$4.500M	-$9.600M	-$11.00M	-$3.000M	-$2.300M	-$47.40M	-$57.50M	-$40.20M	-$42.20M	-$38.00M	-$17.00M	-$16.80M	-$13.20M	-$6.600M	$300.0K	$0.00
YoY Change	-30.37%	-160.17%	16.97%	-53.13%	-12.73%	266.67%	30.43%	-95.15%	-17.57%	43.03%	-4.74%	11.05%	123.53%	1.19%	27.27%	100.0%	-2300.0%
% of Operating Profit			-37.3%	-54.88%	-59.26%	-70.97%	-46.15%	-95.83%	-161.22%	-701.22%			-327.59%	-6.91%			-15.17%	1.35%	0.0%
Other Income/Expense, Net	$5.759M	$1.887K	-$5.264M	$0.00	$0.00	$300.0K	$0.00	$0.00
YoY Change	305093.43%	-100.04%			-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Pretax Income	-$2.902M	-$2.631M	$7.389M	$2.300M	-$10.60M	$4.900M	$3.500M	$200.0K	-$4.400M	-$34.00M	-$261.6M	-$221.2M	-$4.500M	$229.0M	-$112.8M	-$61.70M	$36.80M	$22.60M	$600.0K
YoY Change	10.3%	-135.61%	221.26%	-121.7%	-316.33%	40.0%	1650.0%	-104.55%	-87.06%	-87.0%	18.26%	4815.56%	-101.97%	-303.01%	82.82%	-267.66%	62.83%	3666.67%
Income Tax	$2.529M	$1.917M	$774.4K	$200.0K	$1.100M	-$200.0K	$300.0K	$100.0K	$700.0K	-$300.0K	-$2.700M	$21.40M	-$4.900M	$60.00M	-$41.20M	-$2.400M	-$6.200M	-$2.700M	-$600.0K
% Of Pretax Income			10.48%	8.7%		-4.08%	8.57%	50.0%						26.2%			-16.85%	-11.95%	-100.0%
Net Earnings	-$3.186M	-$4.672M	$6.862M	$2.800M	-$8.800M	$1.800M	$34.50M	-$34.70M	-$5.100M	-$33.60M	-$258.9M	-$242.5M	$300.0K	$169.0M	-$71.90M	-$54.90M	$42.90M	$25.30M	$1.200M
YoY Change	-31.8%	-168.08%	145.07%	-131.82%	-588.89%	-94.78%	-199.42%	580.39%	-84.82%	-87.02%	6.76%	-80933.33%	-99.82%	-335.05%	30.97%	-227.97%	69.57%	2008.33%
Net Earnings / Revenue	-3.02%	-7.62%	8.61%	3.81%	-7.39%	1.86%	33.5%	-43.11%	-0.4%	-2.15%	-17.04%	-25.02%	0.03%	14.02%	-14.09%	-8.19%	17.23%	29.98%	23.53%
Basic Earnings Per Share	-$0.06	-$0.07
Diluted Earnings Per Share	-$0.06	-$0.01	$9.825K	$56.22K	-$216.7K	$4.727K	$139.7K	-$171.6K	-$24.99K	-$165.0K	-$1.421M	-$280.9K	$1.725K	$965.2K	-$487.1K	-$431.9K	$396.5K	$315.9K	$12.00K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$70.17M	$107.1M	$254.1M	$40.60M	$24.30M	$6.800M	$13.40M	$37.30M	$38.00M	$99.80M	$86.80M	$93.30M	$379.0M	$294.0M	$113.0M	$112.3M	$53.10M	$9.900M	$400.0K
YoY Change	-34.48%	-57.84%	525.78%	67.08%	257.35%	-49.25%	-64.08%	-1.84%	-61.92%	14.98%	-6.97%	-75.38%	28.91%	160.18%	0.62%	111.49%	436.36%	2375.0%
Cash & Equivalents	$70.17M	$107.1M	$254.1M	$40.60M	$24.30M	$6.800M	$13.40M	$37.30M	$38.00M	$99.80M	$86.80M	$93.30M	$379.0M	$290.7M	$106.8M	$112.3M	$53.10M	$9.900M	$400.0K
Short-Term Investments	$0.00												$0.00	$3.300M	$6.200M	$0.00
Other Short-Term Assets	$62.68M	$42.14M	$24.50M	$72.10M	$57.20M	$81.20M	$118.1M	$192.1M	$217.1M	$244.3M	$490.6M	$260.2M	$114.1M	$103.4M	$69.10M	$75.60M	$77.20M	$23.20M	$1.700M
YoY Change	48.73%	72.02%	-66.02%	26.05%	-29.56%	-31.24%	-38.52%	-11.52%	-11.13%	-50.2%	88.55%	128.05%	10.35%	49.64%	-8.6%	-2.07%	232.76%	1264.71%
Inventory								$144.0M	$193.2M	$357.4M	$359.6M	$254.9M	$154.2M	$170.6M	$137.8M	$193.0M	$110.6M	$44.80M	$3.200M
Prepaid Expenses
Receivables	$86.62M	$65.55M	$45.82M	$20.20M	$13.80M	$34.50M	$23.30M	$72.80M	$117.6M	$125.7M	$236.6M	$216.8M	$129.6M	$81.50M	$108.0M	$43.20M	$8.800M	$700.0K	$200.0K
Other Receivables	$7.361M	$5.929M	$4.801M	$3.800M	$7.700M	$12.80M	$15.20M	$61.30M	$71.80M	$32.30M	$33.20M	$48.60M	$56.10M	$48.60M	$52.30M	$15.90M	$13.50M	$10.80M	$1.300M
Total Short-Term Assets	$226.8M	$220.7M	$329.2M	$136.7M	$103.1M	$135.3M	$170.1M	$507.5M	$637.8M	$859.5M	$1.207B	$873.8M	$832.9M	$698.0M	$480.2M	$440.1M	$263.2M	$89.40M	$6.800M
YoY Change	2.76%	-32.95%	140.81%	32.59%	-23.8%	-20.46%	-66.48%	-20.43%	-25.79%	-28.78%	38.11%	4.91%	19.33%	45.36%	9.11%	67.21%	194.41%	1214.71%
Property, Plant & Equipment	$197.2M	$214.8M	$167.1M	$168.7M	$192.3M	$190.8M	$154.7M	$491.3M	$630.5M	$750.3M	$863.1M	$1.103B	$980.2M	$801.5M	$702.8M	$341.4M	$136.6M	$19.90M	$2.400M
YoY Change	-8.19%	28.53%	-0.92%	-12.27%	0.79%	23.34%	-68.51%	-22.08%	-15.97%	-13.07%	-21.72%	12.49%	22.3%	14.04%	105.86%	149.93%	586.43%	729.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$0.00	$10.05M														$0.00	$0.00
YoY Change	-100.0%
Other Assets	$53.94M	$47.22M	$31.91M	$30.40M	$24.60M	$51.70M	$11.00M	$57.80M	$40.90M	$19.60M	$24.90M	$32.00M	$81.70M	$52.00M	$72.00M	$212.8M	$33.30M	$15.10M	$700.0K
YoY Change	14.24%	47.98%	4.96%	23.58%	-52.42%	370.0%	-80.97%	41.32%	108.67%	-21.29%	-22.19%	-60.83%	57.12%	-27.78%	-66.17%	539.04%	120.53%	2057.14%
Total Long-Term Assets	$251.2M	$273.1M	$200.1M	$200.2M	$216.8M	$242.4M	$165.6M	$580.9M	$708.5M	$809.5M	$933.0M	$1.185B	$1.116B	$895.9M	$804.6M	$567.7M	$177.4M	$39.20M	$3.300M
YoY Change	-8.03%	36.51%	-0.06%	-7.66%	-10.56%	46.38%	-71.49%	-18.01%	-12.48%	-13.24%	-21.23%	6.13%	24.58%	11.35%	41.73%	220.01%	352.55%	1087.88%
Total Assets	$478.0M	$493.9M	$529.3M	$336.9M	$319.9M	$377.7M	$335.7M	$1.088B	$1.346B	$1.669B	$2.140B	$2.058B	$1.949B	$1.594B	$1.285B	$1.008B	$440.6M	$128.6M	$10.10M
YoY Change
Accounts Payable	$13.04M	$7.118M	$3.765M	$6.300M	$20.40M	$12.10M	$25.80M	$223.3M	$300.2M	$461.5M	$656.2M	$483.0M	$235.8M	$220.8M	$93.40M	$37.90M	$13.10M	$4.900M	$1.600M
YoY Change	83.21%	89.06%	-40.24%	-69.12%	68.6%	-53.1%	-88.45%	-25.62%	-34.95%	-29.67%	35.86%	104.83%	6.79%	136.4%	146.44%	189.31%	167.35%	206.25%
Accrued Expenses	$1.621M	$1.751M	$1.265M	$2.000M	$2.100M	$2.200M	$600.0K									$2.800M	$1.400M	$700.0K	$100.0K
YoY Change	-7.44%	38.4%	-36.73%	-4.76%	-4.55%	266.67%										100.0%	100.0%	600.0%
Deferred Revenue
YoY Change
Short-Term Debt	$1.069M	$0.00	$0.00	$41.00M	$9.700M	$3.400M	$6.600M	$595.4M	$694.9M	$654.7M	$673.1M	$733.6M	$570.9M	$400.8M	$358.6M	$180.3M	$71.70M	$14.70M	$700.0K
YoY Change			-100.0%	322.68%	185.29%	-48.48%	-98.89%	-14.32%	6.14%	-2.73%	-8.25%	28.5%	42.44%	11.77%	98.89%	151.46%	387.76%	2000.0%
Long-Term Debt Due	$4.916M	$11.00M	$11.37M	$8.100M	$38.20M	$53.40M									$32.50M	$11.70M	$0.00
YoY Change	-55.31%	-3.22%	40.33%	-78.8%	-28.46%										177.78%
Total Short-Term Liabilities	$58.39M	$43.30M	$35.10M	$88.30M	$109.4M	$133.7M	$145.2M	$904.4M	$1.104B	$1.337B	$1.713B	$1.442B	$989.4M	$778.2M	$609.9M	$333.1M	$158.4M	$56.00M	$7.300M
YoY Change	34.85%	23.36%	-60.25%	-19.29%	-18.18%	-7.92%	-83.95%	-18.07%	-17.42%	-21.96%	18.78%	45.77%	27.14%	27.59%	83.1%	110.29%	182.86%	667.12%
Long-Term Debt	$33.77M	$37.48M	$29.98M	$44.00M	$50.10M	$119.3M	$100.0M	$28.80M	$38.80M	$138.1M	$181.1M	$168.2M	$256.3M	$121.5M	$189.3M	$171.7M	$146.1M	$0.00	$0.00
YoY Change	-9.89%	25.03%	-31.87%	-12.18%	-58.01%	19.3%	247.22%	-25.77%	-71.9%	-23.74%	7.67%	-34.37%	110.95%	-35.82%	10.25%	17.52%
Other Long-Term Liabilities	$18.25M	$20.86M	$15.78M	$21.40M	$22.90M		$0.00	$89.00M	$91.70M	$59.00M	$76.70M	$83.50M	$102.2M	$107.7M	$89.40M	$120.8M	$1.200M	$100.0K	$0.00
YoY Change	-12.51%	32.18%	-26.27%	-6.55%			-100.0%	-2.94%	55.42%	-23.08%	-8.14%	-18.3%	-5.11%	20.47%	-25.99%	9966.67%	1100.0%
Total Long-Term Liabilities	$52.02M	$58.34M	$45.76M	$65.40M	$73.00M	$119.3M	$100.0M	$117.8M	$130.5M	$197.1M	$257.8M	$251.7M	$358.5M	$229.2M	$278.7M	$292.5M	$147.3M	$100.0K	$0.00
YoY Change	-10.83%	27.49%	-30.04%	-10.41%	-38.81%	19.3%	-15.11%	-9.73%	-33.79%	-23.55%	2.42%	-29.79%	56.41%	-17.76%	-4.72%	98.57%	147200.0%
Total Liabilities	$151.7M	$146.6M	$125.3M	$197.8M	$225.2M	$287.0M	$245.2M	$1.022B	$1.234B	$1.534B	$1.971B	$1.694B	$1.348B	$1.008B	$888.6M	$626.0M	$314.9M	$56.00M	$7.400M
YoY Change	3.5%	17.0%	-36.67%	-12.17%	-21.53%	17.05%	-76.01%	-17.18%	-19.53%	-22.17%	16.32%	25.7%	33.8%	13.38%	41.95%	98.79%	462.32%	656.76%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	56.53M	64.92M	68.91M	49.17M
Diluted Shares Outstanding	56.53M	64.92M	69.84M	49.79M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $98.633 Million

About Emeren Group Ltd

Emeren Group Ltd. is a pure solar project developer and operator. The company is headquartered in Norwalk, Connecticut. The company went IPO on 2008-01-29. The firm is a global solar project developer, owner, and operator with a pipeline of projects and independent power producer (IPP) assets, as well as a storage pipeline across Europe, North America and Asia. The company develops and sells solar power projects or sells project special purpose vehicles (SPVs) (project development business); provides engineering, procurement and construction business (EPC business); owns and operates solar power projects and sells the electricity generated by the operated solar power plants (IPP business); and provides development services agreement (DSA). The company is focused on expanding the DSA business in solar and battery energy storage systems (BESS) across Europe and the United States. The firm conducts the IPP business, EPC business, DSA business and project development business in several countries, including the United States, Poland, Hungary, Spain, France, United Kingdom, Germany, Italy and China.

Industry: Semiconductors & Related Devices Peers: ARGAN INC Concrete Pumping Holdings, Inc. Great Lakes Dredge & Dock CORP IES Holdings, Inc. NORTHWEST PIPE CO STERLING INFRASTRUCTURE, INC. TUTOR PERINI CORP QUANTA SERVICES, INC.