Emeren Group Ltd financial data

Symbol
SOL on NYSE
Industry
Semiconductors & Related Devices
Location
149 Water Street, Suite 302, Norwalk, CT
State of incorporation
Virgin Islands, British
Fiscal year end
December 31
Former names
ReneSola Ltd (to 1/4/2023)
Latest financial report
10-Q - Q3 2024 - Nov 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 408 %
Debt-to-equity 35.6 %
Return On Equity -0.74 %
Return On Assets -0.56 %
Operating Margin -2.79 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 513M shares
Common Stock, Shares, Outstanding 513M shares
Entity Public Float 161M USD
Common Stock, Value, Issued 807M USD
Weighted Average Number of Shares Outstanding, Basic 51.3M shares -8.94%
Weighted Average Number of Shares Outstanding, Diluted 51.4M shares -8.77%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 102M USD -7.8%
Cost of Revenue 78.1M USD -12.5%
Selling and Marketing Expense 231K USD -89.2%
General and Administrative Expense 23.2M USD -43.2%
Operating Income (Loss) -2.86M USD
Nonoperating Income (Expense) 5.51M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 2.65M USD
Income Tax Expense (Benefit) 5.2M USD +158%
Net Income (Loss) Attributable to Parent -2.64M USD
Earnings Per Share, Basic -0.05 USD/shares
Earnings Per Share, Diluted -0.04 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 35.8M USD
Accounts Receivable, after Allowance for Credit Loss, Current 24.4M USD
Assets, Current 212M USD
Deferred Income Tax Assets, Net 0 USD -100%
Property, Plant and Equipment, Net 168M USD
Operating Lease, Right-of-Use Asset 22.5M USD
Goodwill 0 USD -100%
Other Assets, Noncurrent 18.8M USD
Assets 470M USD
Accounts Payable, Current 13M USD
Contract with Customer, Liability, Current 6.13M USD
Liabilities, Current 48.8M USD
Deferred Income Tax Liabilities, Net 3.69M USD
Operating Lease, Liability, Noncurrent 21.6M USD
Liabilities 111M USD
Accumulated Other Comprehensive Income (Loss), Net of Tax -11.7M USD
Retained Earnings (Accumulated Deficit) -441M USD
Stockholders' Equity Attributable to Parent 320M USD
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 359M USD -0.35%
Liabilities and Equity 470M USD

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -6.79M USD +71.4%
Net Cash Provided by (Used in) Financing Activities -8.19M USD +49.3%
Net Cash Provided by (Used in) Investing Activities -2.61M USD -39.7%
Common Stock, Shares Authorized 1B shares
Common Stock, Shares, Issued 652M shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -15.1M USD +62.8%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 35.8M USD -39.6%
Deferred Tax Assets, Valuation Allowance 19.2M USD +38.7%
Deferred Tax Assets, Gross 19.2M USD +38.9%
Operating Lease, Liability 22.2M USD
Depreciation 7.3M USD -5.26%
Payments to Acquire Property, Plant, and Equipment 2.85M USD +44%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 6.85M USD
Lessee, Operating Lease, Liability, to be Paid 43.2M USD
Operating Lease, Liability, Current 592K USD
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.95M USD
Lessee, Operating Lease, Liability, to be Paid, Year One 1.86M USD
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 21M USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 2.08M USD
Deferred Tax Assets, Operating Loss Carryforwards 16.9M USD +44.4%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.47M USD
Operating Lease, Payments 454K USD -10.1%
Depreciation, Depletion and Amortization 1.75M USD -14.6%
Deferred Tax Assets, Net of Valuation Allowance 28K USD