
ReneSola (SOL) Stock Forecast & Price Target
ReneSola (SOL) Analyst Ratings
Bulls say
Emeren Group Ltd demonstrates a robust outlook, particularly reflected in its substantial advanced pipeline of 2.4GW, with a notable 60% located in Europe and 39% in the US, indicating a strategic focus on high-demand markets. The company's battery energy storage system capacity has also seen significant growth, with an 8% quarterly increase to 8.3GW and a remarkable 43% surge in the advanced-stage storage pipeline, emphasizing its commitment to expanding renewable energy solutions. Additionally, the company's cash balance of $50 million and a contracted backlog worth $84 million provide a solid financial foundation for future revenues, enhanced by the potential for an additional $100 million in negotiations, promising predictable cash flows and improved earnings quality.
Bears say
Emeren Group Ltd's revenue forecast for 2025 remains relatively flat, with expected revenues of $80-100 million, suggesting a stagnant growth trajectory compared to 2024. The company's fourth-quarter performance was disappointing, revealing a 42% quarter-over-quarter decline in Independent Power Producer (IPP) revenue alongside overall lower revenues due to regulatory delays in project approvals in Europe. Additionally, a decrease of approximately 4% in the advanced-stage solar pipeline indicates potential challenges in future project development and revenue generation, further contributing to a negative outlook for the company.
This aggregate rating is based on analysts' research of ReneSola and is not a guaranteed prediction by Public.com or investment advice.
ReneSola (SOL) Analyst Forecast & Price Prediction
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