Northland Capital Markets Downgrades Emeren Group to Market Perform, Lowers Price Target to $3.2
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Donovan Schafer downgraded Emeren Group (NYSE:SOL) from Outperform to Market Perform and reduced the price target from $6 to $3.2.
November 22, 2023 | 2:47 pm
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Emeren Group's stock rating was downgraded by Northland Capital Markets from Outperform to Market Perform, and its price target was lowered from $6 to $3.2.
Downgrades by analysts and reductions in price targets typically lead to negative investor sentiment and can result in a decrease in stock price in the short term. The substantial cut in the price target from $6 to $3.2 by a reputable analyst could significantly impact investor confidence and the perceived value of Emeren Group.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100