After a run-up of more than 160% during the past three years, Solana's (SOL 8.37%) price is near $270 (as of Jan. 22). But, there's a solid set of arguments for why it can go much higher -- perhaps even as high as $500 or more, and perhaps as soon as before the end of the year.So without further ado, here are the three most important reasons it might more than double in the near term.1. The government may start buying itIt's no secret that the new Trump administration is unabashedly in favor of loosening re ...

Solana (SOL) was losing ground in Thursday trading, having dropped by 3.2% over the previous 24 hours as of 12:15 p.m. ET. Over the same period, Bitcoin was up 0.5% and Ethereum was down 1.5%.Solana's fall came after the Chicago Mercantile Exchange (CME) said that it does not have a plan to begin offering futures for the token as an investment vehicle. The CME currently offers options trading for Bitcoin and Ethereum, and some investors have been hoping that options trading for Solana could help send its to ...

NORWALK, Conn., Jan. 22, 2025 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the sale of a 17 MW operational solar portfolio in Poland, composed of a previously announced 15 MW under a Power Purchase Agreement (PPA) and an additional 2 MW, all developed and constructed by Emeren and sold together as a package deal. It supports Poland's climate goals and energy transition by integrating ...

SOL Global Announces First Closing of Fully Subscribed $4 Million Debenture Unit Financing75% of Net Proceeds Will Be Used for Additional Solana PurchasesJanuary 21, 2025 2:16 PM EST | Source: SOL Global Investments Corp.First C$1M of the Four Equal Tranches Has Been Released to SOL with the Balance Released Every 15 DaysToronto, Ontario--(Newsfile Corp. - January 21, 2025) - SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) ("SOL Global" or the "Company") is pleased to anno ...

Emeren Group Ltd. (SOL) recently declared the sale of a 65 megawatt-peak (MWp) solar portfolio to Trina Solar International System Business Unit in Germany. The portfolio consists of three projects, which are expected to be completed in mid-to-late 2025.These projects could provide opportunities for the integration of Battery Energy Storage Systems. This project sale should boost SOL's revenues in the upcoming quarterly results.SOL’s Expansion Focus on Europe Project monetization has been a well-known reven ...

Transaction Overview - Emeren Group Ltd sold a 65 MWp solar project portfolio to Trina Solar ISBU, marking a significant transaction in the renewable energy sector [1] - The portfolio includes three projects in Germany, with potential for Battery Energy Storage Systems (BESS) integration, expected to close in mid-to-late 2025 [2] Strategic Importance - The sale strengthens Emeren's position in Germany's renewable energy market, a key focus for the company [2] - Trina Solar ISBU views Germany as a crucial market for downstream PV and BESS project development, marking the beginning of its activities in the region [3] Company Statements - Emeren's CEO highlighted the success of previous collaborations with Trina Solar and emphasized Germany's importance as a dynamic solar energy market [3] - Trina Solar ISBU's Head of EMEA expressed confidence in the successful delivery of the projects and the potential for future partnerships with Emeren [3] Company Profiles - Emeren Group Ltd is a global leader in solar project development, ownership, and operation, with a significant focus on Battery Energy Storage Systems (BESS) [4] - Trina Solar ISBU is a global developer of utility-scale solar power and battery storage solutions, active in over 20 countries and regions, with a strong presence in Europe [5] Market Context - Germany's ambitious renewable energy goals make it a crucial market for solar energy development, as highlighted by both Emeren and Trina Solar ISBU [3] - Trina Solar ISBU has constructed over 2.5GW of grid-connected energy projects in Europe, underscoring its expertise and commitment to the region [5]

NORWALK, Conn., Dec. 30, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the signing of a 7-year Power Purchase Agreement (PPA). The solar farm, located in Poland's southwest Silesia region, will supply clean energy under a pay-as-produced agreement to the Polish subsidiary of a multinational consumer goods business. The solar farm will generate approximately 14,958 MWh of renewable ...

Clean Energy and Energy Storage Market Growth - The global energy storage market is strengthening due to increasing adoption of clean energy, with Europe's total energy storage expected to grow from 15 GW in 2023 to 375 GW by 2050 [1] Emeren Group (SOL) Developments - Emeren signed DSA contracts with nine partners for 28 projects totaling over 2.1 GW capacity, with 84% in battery storage, expected to generate over $69 million in revenues over the next 2-3 years [2] - Emeren completed the second phase of its BESS portfolio, adding 162 MW (1.4 GWh) capacity in Sicily, Italy, contributing to a total DSA portfolio of 462 MW [14] - Emeren's DSA partnership with PLT energia Srl involves developing a 394 MW portfolio of five advanced BESS projects in Italy [8] - Emeren has been expanding its European footprint in countries including Poland, Hungary, England, France, Germany, Spain, and Italy, utilizing its DSA model to monetize projects [15] - SOL shares gained 53.9% in the past six months, outperforming the industry's 23.3% decline [19] Canadian Solar (CSIQ) Developments - Canadian Solar has a strong presence in Germany, Poland, Spain, Italy, France, and the Netherlands, with a 32,719 MWh battery energy storage development project pipeline in Europe, the Middle East, and Africa as of September 2024 [3] - CSIQ has a long-term earnings growth rate of 25% and is expected to achieve 18.4% year-over-year sales growth in 2025 [17] SolarEdge Technologies (SEDG) Developments - SolarEdge launched its first commercial storage system, the CSSOD battery, in Germany in December 2024, offering an integrated solar and storage solution [10] - SEDG has a long-term earnings growth rate of 1.2% and is expected to achieve 36.7% year-over-year sales growth in 2025 [4] Enphase Energy (ENPH) Developments - Enphase introduced its IQ Battery 5P in Belgium and France in September and July 2024, respectively, as part of its European expansion strategy [18] - ENPH has a long-term earnings growth rate of 3.6% and is expected to achieve 27.7% year-over-year sales growth in 2025 [11] Industry Trends and Opportunities - The expanding energy storage market in Europe presents opportunities for solar companies, with Emeren, Canadian Solar, SolarEdge, and Enphase actively capitalizing on this growth [9][16]

NORWALK, Conn., Dec. 23, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the closing of the second round of its Battery Energy Storage System (BESS) portfolio under the Development Service Agreement (DSA) with Arpinge, a permanent capital vehicle focused on sustainable infrastructure in Italy. This round includes two standalone BESS projects located in Sicily, Italy, with a total ca ...

NORWALK, Conn., Dec. 20, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the sale of its 2.8 MWdc solar project located in Maine to Altus Power, Inc. ("Altus Power") (NYSE: AMPS), the largest commercial scale provider of clean electric power. This transaction underscores Emeren's commitment to advancing clean energy solutions and its active role in supporting renewable energy goals ...