Emeren Group (SOL) Q2 Earnings Miss Estimates, Revenues Top

Emeren Group Ltd’s (SOL) share price increased 5.9% to reach $1.96 on Aug 21 following the company’s latest quarterly release.Emeren reported an income per American Depositary Share (“ADS”) of a penny for the second quarter of 2024, which missed the Zacks Consensus Estimate of 7 cents by 85.7%. The figure also reflects a deterioration of 92.9% from the year-ago quarter’s reported figure of 14 cents per share.RevenuesEmeren’s second-quarter net revenues of $30.1 million declined 11.2% from $33.9 million repo ...