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Emeren Group (SOL) Q2 Earnings Miss Estimates, Revenues Top
SOLEmeren(SOL) ZACKS·2024-08-22 15:46

Emeren Group Ltd’s (SOL) share price increased 5.9% to reach 1.96onAug21followingthecompany’slatestquarterlyrelease.EmerenreportedanincomeperAmericanDepositaryShare(“ADS”)ofapennyforthesecondquarterof2024,whichmissedtheZacksConsensusEstimateof7centsby85.71.96 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 ...