Emeren Group Sees Q2 Revenue $20M-$23M Vs $33.517M Est.
Portfolio Pulse from Benzinga Newsdesk
Emeren Group has announced its Q2 revenue forecast to be between $20 million and $23 million, significantly lower than the estimated $33.517 million.
May 23, 2024 | 8:10 pm
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Emeren Group's Q2 revenue forecast of $20M-$23M is significantly below the estimated $33.517M, indicating potential financial challenges.
The revenue forecast is significantly lower than the market estimate, which could lead to a negative reaction from investors and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100