Emeren Group Q2 EPS $(0.11), Sales $14.60M Up From $12.88M YoY
Portfolio Pulse from Benzinga Newsdesk
Emeren Group (NYSE:SOL) reported a Q2 loss of $(0.11) per share, with sales increasing by 13.39% year-over-year to $14.60 million.
August 20, 2024 | 12:48 pm
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Emeren Group reported a Q2 loss of $(0.11) per share, but sales increased by 13.39% to $14.60 million compared to the same period last year.
The reported loss per share of $(0.11) is a negative indicator for investors, suggesting financial challenges. However, the 13.39% increase in sales to $14.60 million is a positive sign of growth. Overall, the negative EPS is likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100