5 Analysts Have This to Say About Emeren Group
Portfolio Pulse from Benzinga Insights
Over the last 3 months, 5 Wall Street analysts have provided ratings on Emeren Group (NYSE:SOL), with 4 giving bullish and 1 somewhat bullish opinions. The average 12-month price target for SOL is $7.6, with a high of $10.00 and a low of $6.00. This target is a 24.75% decrease from the previous target of $10.10. Analysts' ratings are based on predictions of a company's future earnings and revenue, and are updated quarterly or after major company events.
November 22, 2023 | 1:00 pm
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Emeren Group received mostly bullish ratings from analysts, with an average price target of $7.6, which is a decrease from the previous target. This suggests analysts are optimistic but see less upside than before.
The predominance of bullish ratings indicates a positive sentiment towards SOL, which could lead to a short-term increase in stock price. However, the decrease in the average price target may temper expectations and suggests analysts anticipate slower growth or increased risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100