Streetbeat News

SOL

Emeren Group, Ltd.

Industry

Solar

Emeren Group Ltd is solar project developer, owner, and operator. The Company specializes in solar project lifecycle, construction management, and financing services.

Open

1.33

Mkt cap

6.1M

Volume

1.2M

High

1.43

P/E Ratio

-23.80

52-wk high

3.00

Low

1.04

Div yield

N/A

52-wk low

1.04

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.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:02 am

Marijuana stocks experienced significant movement with ESCO Technologies, Global Hemp Group, and others among top gainers, while companies like Aurora Cannabis and OrganiGram Holdings were among the losers. The article highlights the dramatic changes in stock prices for various companies within the marijuana industry, indicating a volatile trading day.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 9:30 pm

The article provides a detailed list of cannabis stock gainers and losers for February 5, 2024, highlighting significant movements in the market. Notable gainers include Tony G Co-Investment and Maple Leaf Green World, with increases of 81.16% and 45.45% respectively. On the losing end, EVIO led with a 99% decrease. Major US-listed companies mentioned include Eastside Distilling, Neptune Wellness Solutions, Village Farms International, Scotts Miracle-Gro, GrowGeneration, Innovative Industrial Properties, Canopy Growth, Tilray Brands, and Urban-gro.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:30 pm

The GME Coin, an unofficial memecoin based on GameStop, has surged in value, coinciding with the anniversary of GameStop's 2021 short squeeze and the increased attention from the Netflix release of 'Dumb Money', a movie about the event. Produced by Sony and grossing over $34 million worldwide, the movie's success on Netflix has paralleled the memecoin's rise. GME Coin, trading on Solana, hit a $56 million market cap, with analysts suggesting it could surpass GameStop's valuation.

Portfolio Pulse from Chris Katje

February 01, 2024 | 9:58 pm

Balaji Srinivasan proposed using Decentralized Autonomous Organizations (DAOs) on Ethereum and Solana blockchains as alternatives to traditional corporate structures in Delaware. This suggestion follows Elon Musk's legal challenges in Delaware, including a court ruling that invalidated his $55.8 billion compensation package from Tesla. Srinivasan's proposal highlights DAOs as modern, transparent, and democratic business models, with recent legislation in Wyoming, Tennessee, and the Marshall Islands recognizing DAOs.

Portfolio Pulse from Mehab Qureshi

February 01, 2024 | 7:40 am

Anthony Scaramucci, founder of Skybridge Capital and former White House official, criticized Senator Elizabeth Warren's stance on cryptocurrency, calling her 'absolutely repulsive and hypocritical.' He labeled Warren and SEC's Gary Gensler as the 'axis of regulatory evil' for their approach to crypto regulation. Scaramucci believes Warren's perspective could harm the unbanked and those outside the U.S. who can't trust their currencies or banks. He also expressed bullish views on Bitcoin, predicting a significant price increase post the upcoming halving event. Scaramucci reported Skybridge Capital's cryptocurrency investments, including Bitcoin, Ethereum, and Solana, have seen a 130% rise.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 7:36 am

Cannabis stocks experienced significant volatility on January 26, 2024, with Corbus Pharmaceuticals leading the gainers with a 240.88% increase, while Blueberries Medical topped the losers with a 27.49% decline. Other notable movers included SOL Global Investments, C21 Investments, and OrganiGram Holdings with substantial gains, and 1933 Industries, Target Group, and Item 9 Labs with notable losses.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 9:30 pm

Cryptocurrency analyst Bluntz predicts that Dogwifhat (CRYPTO: WIF), a Solana-based meme token and Dogecoin rival, will surge beyond $1. WIF has already experienced a 5,535% increase in value after being listed on exchanges like Binance and KuCoin. Bluntz's analysis, based on the Elliott Wave theory, suggests WIF is in the second phase of a five-phase surge. Messari CEO Ryan Selkis and BitMEX co-founder Arthur Hayes have shown interest in WIF. Meanwhile, Bitcoin (CRYPTO: BTC) saw a slight decrease in price.

Portfolio Pulse from Mehab Qureshi

January 26, 2024 | 10:00 am

Joe Lonsdale, co-founder of Palantir Technologies, discussed on CNBC the potential of AI as a catalyst for cryptocurrencies. He suggested that AI adoption could lead to increased productivity and that AI agents might use cryptocurrencies like Bitcoin, Ethereum, and Solana for transactions. Lonsdale also sees crypto as a safe asset in inflationary times. Crypto prices have recently cooled after a surge at the end of 2023.

Portfolio Pulse from Erica Kollmann

January 25, 2024 | 3:16 pm

Emeren has projected a net income of approximately $26 million for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 11:07 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.