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Emeren Group (SOL)
NYSE:SOL
Holding SOL?
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2018
|% Change Since: 2.00%
|Next Earnings Date:Sep 06, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of solid profitability and strategic growth in the European markets, alongside challenges with project delays and revenue shortfalls. While the company showcased robust segment performances and a promising future outlook, current revenue issues and cash flow concerns were notable.Company Guidance
During the Q3 2024 earnings call for Emeren Group Limited, the company provided guidance indicating anticipated revenue of $40 million to $45 million for Q4, with a project gross margin of 20% to 25%. Despite revenue challenges due to project delays, Emeren expects full-year revenue to range from $97 million to $102 million, aiming for a gross margin of approximately 30%. The company projects 2024 EBITDA to be between $15 million and $20 million, with significant contributions from its Independent Power Producer (IPP) and Development Service Agreement (DSA) segments. For 2025, Emeren forecasts EBITDA contributions from these segments to exceed $50 million, with IPP revenue expected to be between $24 million and $26 million at a gross margin of around 50%. The company remains optimistic about its strategic focus on high-margin growth opportunities, particularly in Europe, despite delayed project approvals affecting the current revenue mix.Solid Profitability Despite Revenue Delays
Achieved a gross profit of approximately $5.6 million with a gross margin of 43.8%, and net income attributable to common shareholders of $4.8 million, supported by a strong euro and foreign exchange gain.
Strong Performance in European Markets
The independent power producer (IPP) segment generated $9.4 million, driven by seasonal strength in European assets. The DSA model expanded in key markets, adding $1.3 million from Italy and $1 million from France.
Significant Contracts and Partnerships
Executed a 394-megawatt BESS-DSA with PLT Energia and signed the first DSA contract in the U.S. for a 72-megawatt BESS project portfolio in California. Secured DSA contracts with 9 partners covering over 2.1 gigawatts.
High IPP Segment Revenue Contribution
IPP assets contributed approximately 73.2% of total revenue for Q3 2024, demonstrating robust growth and profitability.
Positive Outlook for Future Growth
Despite delays, the company expects substantial growth in Q4 driven by a strong pipeline and favorable market conditions, with revenue guidance for Q4 between $40 million and $45 million.
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SOL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SOL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $2.00 | $1.91 | -4.50% |
| Aug 20, 2024 | $1.61 | $1.85 | +14.91% |
| May 23, 2024 | $2.10 | $1.95 | -7.14% |
| Mar 28, 2024 | $1.93 | $2.34 | +21.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Emeren Group (SOL) report earnings?
Emeren Group (SOL) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Emeren Group (SOL) earnings time?
Emeren Group (SOL) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SOL EPS forecast?
SOL EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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