Recap: Emeren Group Q3 Earnings
Portfolio Pulse from Benzinga Insights
Emeren Group (NYSE:SOL) reported Q3 earnings with an EPS of $-0.17, missing estimates by 383.33% compared to the expected $0.06. Revenue also decreased by $14.94 million from the same period last year. The stock previously dropped 5.48% following last quarter's earnings beat.
November 21, 2023 | 9:15 pm
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NEGATIVE IMPACT
Emeren Group's Q3 earnings were disappointing with a substantial miss on EPS and a decline in revenue from the previous year.
The significant miss on both EPS and revenue is likely to negatively impact investor sentiment and the stock price in the short term, especially considering the historical drop after last quarter's earnings beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100