Emeren Approved An Accelerated Stock Repurchase Program Of Up To $10M And Could Be Completed By The End Of March 2024. This Is Incremental To The $11M Remaining Authorization In Emeren's Buyback Program At The End Of Q3 2023.
Portfolio Pulse from Benzinga Newsdesk
Emeren has approved an accelerated stock repurchase program of up to $10M, in addition to the $11M remaining in its buyback program as of the end of Q3 2023. The program could be completed by the end of March 2024.
February 12, 2024 | 11:02 am
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Emeren's new $10M accelerated stock repurchase program, on top of the existing $11M buyback, could positively impact its stock price.
Stock repurchase programs often signal a company's confidence in its future prospects, potentially leading to an increase in stock price due to the reduced supply of shares and the positive signal it sends to the market.
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