STAMFORD, Conn., Feb. 12, 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 that its Board of Directors has approved an accelerated stock repurchase (ASR) program of up to $10 million and could be completed by the end of March 2024. This ASR is incremental to the $11 million remaining authorization in Emeren's buyback program at the end of Q3 2023. Yumin Liu, CEO of Emeren Group, stat ...

STAMFORD, Conn., Jan. 25, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today provided a preliminary unaudited overview of its key financial results for the full year 2023, highlighting notable achievements and providing insights into the Company's strategic plans moving forward. Positive Operating Cash Flow and Strong Cash Position: As of December 31, 2023, Emeren achieved a cash balance of $70 ...

Emeren Group Ltd. (SOL) recently completed the acquisition of a 10.76 Megawatt-hour (MWh) energy storage power portfolio from Kunneng Smart Energy Service Group Co. Ltd., in China.The portfolio comprises six energy storage power stations and is located in the Zhejiang Province. It operates under the Energy Management Services agreements, providing benefits to customers based on energy arbitrage.As of now, all six facilities are connected to the virtual power plant (VPP) platform. Emeren Group will earn its ...

STAMFORD, Conn., Jan. 9, 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 successful acquisition of a 10.76 MWh energy storage power portfolio from Kunneng Smart Energy Service Group Co. LTD ("Kunneng Group"), which specializes in renewable energy industry, offering comprehensive solutions in solar, energy storage, power sales, and carbon asset management in China. Located in Zhe ...

Exhibit 99.1 November 22, 2023 Dear shareholders, We closed Q3 with revenue of $13.9 million, gross margin of 40.8% and a net loss of $9.4 million. Our revenue was below our guidance mainly due to timing of the final government approval for a 53 MW solar NTP project portfolio in Hungary. We expected to receive approval based on the government's official processing timeline before mid-August. Had we received approval within their standard timeline, our revenue would have been near the low end of our guidance ...

Emeren Group Ltd (NYSE:SOL) Q3 2023 Earnings Conference Call November 21, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director, The Blueshirt Group Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer Conference Call Participants Philip Shen - ROTH MKM Pavel Molchanov - Raymond James & Associates Donovan Schafer - Northland Capital Markets Amit Dayal - HCW Operator Hello, ladies and gentlemen. Thank you for standing by for Emeren’s Group Limited Third Quarter 2023 Earnings Co ...

Q3 2023 Earnings Presentation November 21, 2023 SOL LISTED NYSE ...

Exhibit 99.1 Aug 31, 2023 Dear shareholders, We delivered an extremely solid quarter and made good progress on our key strategic initiatives. Q2 revenue grew 312% year-overyear to $33.8 million driven by strong contribution across all of our business lines. Gross margin was 37.4%, driven by improved mix of higher margin projects, particularly in Europe, where we are benefiting from a tailwind of higher energy prices. These results drove a net income of $8.3 million, which was a record high for us in the las ...

Emeren Group Ltd (NYSE:SOL) Q2 2023 Earnings Conference Call August 31, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director, The Blueshirt Group Himanshu Shah - Chairman of the Board Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer Conference Call Participants Donovan Schafer - Northland Capital Markets Matthew Koranda - ROTH MKM Amit Dayal - H.C. Wainwright Pavel Molchanov - Raymond James Operator Hello, ladies and gentlemen. Thank you for standing by for Emeren Group L ...

Emeren Group Ltd (NYSE:SOL) Q1 2023 Earnings Conference Call May 31, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director of The Blueshirt Group Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer John Ewen - Chief Executive Officer of North America Conference Call Participants Philip Shen - ROTH Capital Partners, LLC Donovan Schafer - Northland Capital Markets Pavel Molchanov - Raymond James & Associates, Inc. Amit Dayal - H.C. Wainwright & Co. Operator Hello, ladies and ge ...