Emeren Group, Ltd. (SOL) 10-Year Financial Performance & Capital Metrics

SOL • • Industrial / General

EnergySolarSolar Project Development & InstallationCommercial & Utility Project Developers

AboutEmeren Group Ltd is solar project developer, owner, and operator. The Company specializes in solar project lifecycle, construction management, and financing services.Show more

Revenue $92M -12.9%
EBITDA $6M +871.5%
Net Income -$12M -291.6%
EPS (Diluted) -0.24 -328.6%
Gross Margin 26.2% +10.7%
EBITDA Margin 6.96% +985.3%
Operating Margin -0.55% +93.3%
Net Margin -13.55% -349.4%
ROE -3.56% -319.9%
ROIC -0.11% +94.2%
Debt/Equity 0.19 +12.0%
Interest Coverage -0.25 +93.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 8.3% through buybacks
✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 5.0% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-24.65%

5Y-5.02%

3Y4.94%

TTM-30.5%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-101.7%

EPS CAGR

10Y-

5Y-

3Y-

TTM34.18%

ROCE

10Y Avg2.07%

5Y Avg0.74%

3Y Avg-0.87%

Latest-0.12%

Peer Comparison

Commercial & Utility Project Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VVPRVivoPower International PLC	45.67M	2.72	-0.18	-99.61%	-10.04%
SOLEmeren Group, Ltd.	99.56M	1.94	-8.08	-12.85%	-7.48%	-1.65%		0.19

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.28B	80.5M	102.97M	96.91M	119.12M	73.5M	79.66M	61.29M	105.64M	92.07M
Revenue Growth %	-0.18%	-0.94%	0.28%	-0.06%	0.23%	-0.38%	0.08%	-0.23%	0.72%	-0.13%
Cost of Goods Sold+	1.09B	73.27M	88.84M	68.84M	84.89M	56.82M	48.24M	45.95M	80.63M	67.94M
COGS % of Revenue	0.85%	0.91%	0.86%	0.71%	0.71%	0.77%	0.61%	0.75%	0.76%	0.74%
Gross Profit+	187.87M	7.23M	14.13M	28.07M	34.23M	16.69M	31.42M	15.34M	25.01M	24.12M
Gross Margin %	0.15%	0.09%	0.14%	0.29%	0.29%	0.23%	0.39%	0.25%	0.24%	0.26%
Gross Profit Growth %	-0.1%	-0.96%	0.95%	0.99%	0.22%	-0.51%	0.88%	-0.51%	0.63%	-0.04%
Operating Expenses+	6.72M	4.88M	7.58M	12.54M	35.19M	9.91M	18.77M	17.97M	33.67M	24.63M
OpEx % of Revenue	0.01%	0.06%	0.07%	0.13%	0.3%	0.13%	0.24%	0.29%	0.32%	0.27%
Selling, General & Admin	7.63M	7.38M	7.89M	11.09M	16.51M	14.95M	17.3M	17.62M	26.36M	23.31M
SG&A % of Revenue	0.01%	0.09%	0.08%	0.11%	0.14%	0.2%	0.22%	0.29%	0.25%	0.25%
Research & Development	43.91M	27.29M	0	0	0	0	0	0	0	0
R&D % of Revenue	0.03%	0.34%	-	-	-	-	-	-	-	-
Other Operating Expenses	-44.82M	-29.78M	-313K	1.45M	18.68M	-5.04M	1.47M	346K	7.32M	1.31M
Operating Income+	16.32M	2.35M	6.56M	15.53M	-964K	6.78M	12.65M	-2.63M	-8.66M	-504K
Operating Margin %	0.01%	0.03%	0.06%	0.16%	-0.01%	0.09%	0.16%	-0.04%	-0.08%	-0.01%
Operating Income Growth %	0.99%	-0.86%	1.79%	1.37%	-1.06%	8.03%	0.87%	-1.21%	-2.29%	0.94%
EBITDA+	19.87M	4.75M	11.03M	23.93M	6.83M	14.12M	19.45M	4.18M	-831K	6.41M
EBITDA Margin %	0.02%	0.06%	0.11%	0.25%	0.06%	0.19%	0.24%	0.07%	-0.01%	0.07%
EBITDA Growth %	-0.8%	-0.76%	1.32%	1.17%	-0.71%	1.07%	0.38%	-0.78%	-1.2%	8.71%
D&A (Non-Cash Add-back)	3.55M	2.4M	4.48M	8.4M	7.8M	7.34M	6.79M	6.82M	7.83M	6.92M
EBIT	22.19M	2.07M	7.46M	13.61M	-1.42M	8.53M	12.54M	536K	-697K	-7.6M
Net Interest Income+	-1.96M	-1.84M	-3.88M	-8.51M	-8.34M	-5.23M	-3.5M	-2.51M	-411K	-559K
Interest Income	38.85K	3.55K	51.4K	194K	823K	976K	1.66M	657.39K	1.79M	1.43M
Interest Expense	2M	1.84M	3.94M	8.7M	9.16M	6.21M	5.15M	3.17M	2.21M	1.99M
Other Income/Expense	3.87M	-2.12M	-3.03M	-10.62M	-9.61M	-4.46M	-5.26M	2K	5.76M	-9.09M
Pretax Income+	20.19M	226.57K	3.52M	4.91M	-10.57M	2.32M	7.39M	-2.63M	-2.9M	-9.59M
Pretax Margin %	0.02%	0%	0.03%	0.05%	-0.09%	0.03%	0.09%	-0.04%	-0.03%	-0.1%
Income Tax+	-23.19K	132.09K	322.07K	-189K	1.1M	163.04K	774.41K	1.92M	2.53M	2.02M
Effective Tax Rate %	-0.25%	-153.14%	9.78%	0.36%	0.84%	1.2%	0.93%	1.78%	1.1%	1.3%
Net Income+	-5.08M	-34.7M	34.46M	1.76M	-8.83M	2.78M	6.86M	-4.67M	-3.19M	-12.48M
Net Margin %	-0%	-0.43%	0.33%	0.02%	-0.07%	0.04%	0.09%	-0.08%	-0.03%	-0.14%
Net Income Growth %	0.85%	-5.84%	1.99%	-0.95%	-6.02%	1.31%	1.47%	-1.68%	0.32%	-2.92%
Net Income (Continuing)	20.21M	94.48K	3.2M	5.1M	-11.68M	2.16M	6.61M	-4.55M	-5.43M	-11.61M
Discontinued Operations	0	-34.79M	31.26M	0	0	0	0	0	0	0
Minority Interest	0	0	0	34M	42.83M	44.12M	44.41M	41.35M	38M	37.5M
EPS (Diluted)+	-0.20	-1.70	1.40	0.05	-0.22	0.06	0.10	0.09	-0.06	-0.24
EPS Growth %	0.88%	-7.5%	1.82%	-0.97%	-5.78%	1.25%	0.79%	-0.1%	-1.62%	-3.29%
EPS (Basic)	-0.20	-1.70	1.40	0.05	-0.22	0.06	0.10	0.09	-0.06	-0.24
Diluted Shares Outstanding	20.41M	20.22M	24.69M	38.08M	40.6M	49.79M	69.84M	64.92M	56.53M	51.85M
Basic Shares Outstanding	20.41M	20.22M	24.69M	38.08M	40.6M	49.17M	68.91M	64.92M	56.53M	51.85M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	637.75M	507.49M	170.07M	135.28M	103.06M	136.75M	319.59M	194.76M	226.45M	191.39M
Cash & Short-Term Investments	38.05M	3.96M	13.43M	6.75M	24.29M	40.59M	254.38M	107.29M	70.17M	50.01M
Cash Only	38.05M	37.34M	13.43M	6.75M	24.29M	40.59M	254.38M	107.29M	70.17M	50.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	189.41M	5.04M	38.67M	47.48M	21.53M	58.07M	50.42M	71.48M	93.82M	70.46M
Days Sales Outstanding	53.93	22.85	137.08	178.83	65.96	288.37	231.03	425.69	324.17	279.32
Inventory	193.17M	143.98M	0	2.66M	0	0	0	0	-49K	361K
Days Inventory Outstanding	64.44	717.21	-	14.08	-	-	-	-	-	1.94
Other Current Assets	198.64M	348.4M	107.18M	93.08M	51.11M	27.35M	14.52M	14.97M	39.91M	54.27M
Total Non-Current Assets+	708.57M	580.91M	165.62M	242.44M	216.88M	200.19M	218.36M	312.94M	251.9M	256.18M
Property, Plant & Equipment	667.7M	523.11M	154.66M	190.79M	192.28M	168.75M	167.15M	214.84M	198.36M	219.34M
Fixed Asset Turnover	1.92x	0.15x	0.67x	0.51x	0.62x	0.44x	0.48x	0.29x	0.53x	0.42x
Goodwill	0	0	0	0	0	1.02M	1.02M	1.02M	0	0
Intangible Assets	37.24M	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	406.83K	0	0	10.05M	0	0
Other Non-Current Assets	30.63M	42.27M	10.91M	50.54M	23.76M	29.24M	40.72M	73.19M	53.54M	36.83M
Total Assets+	1.35B	1.09B	335.7M	377.71M	319.94M	336.94M	537.95M	507.7M	478.35M	447.57M
Asset Turnover	0.95x	0.07x	0.31x	0.26x	0.37x	0.22x	0.15x	0.12x	0.22x	0.21x
Asset Growth %	-0.2%	-0.19%	-0.69%	0.13%	-0.15%	0.05%	0.6%	-0.06%	-0.06%	-0.06%
Total Current Liabilities+	1.1B	904.43M	145.2M	133.74M	109.41M	88.31M	35.1M	43.3M	56.99M	49.52M
Accounts Payable	300.18M	0	25.79M	12.05M	20.43M	6.31M	3.76M	7.12M	16.2M	11.89M
Days Payables Outstanding	100.14	-	105.95	63.89	87.85	40.56	28.49	56.53	73.35	63.88
Short-Term Debt	694.93M	595.43M	6.61M	44.47M	38.26M	41.02M	12.09M	12.21M	1.39M	1.18M
Deferred Revenue (Current)	0	504.65K	1000K	103K	86K	900.6K	81.61K	1000K	1000K	1000K
Other Current Liabilities	106.2M	0	464.94K	27.23M	36.28M	2.19M	17.98M	18.92M	23.11M	4.86M
Current Ratio	0.58x	0.56x	1.17x	1.01x	0.94x	1.55x	9.11x	4.50x	3.97x	3.87x
Quick Ratio	0.40x	0.40x	1.17x	0.99x	0.94x	1.55x	9.11x	4.50x	3.97x	3.86x
Cash Conversion Cycle	18.23	-	-	129.02	-	-	-	-	-	217.38
Total Non-Current Liabilities+	130.52M	117.83M	100.02M	119.31M	72.99M	65.37M	54.45M	75.76M	58.05M	60.03M
Long-Term Debt	38.78M	28.84M	32.51M	41.44M	3.37M	0	61.51K	22.52M	22.68M	23.52M
Capital Lease Obligations	0	0	67.5M	77.88M	69.62M	65.37M	45.69M	35.82M	31.83M	33.02M
Deferred Tax Liabilities	0	0	0	0	0	0	8.7M	17.42M	3.53M	3.49M
Other Non-Current Liabilities	36.13M	88.99M	0	0	0	0	0	0	0	0
Total Liabilities	1.23B	1.02B	245.22M	253.05M	182.4M	153.68M	89.55M	119.06M	115.04M	109.55M
Total Debt+	733.71M	28.84M	106.63M	176.05M	121.28M	115.58M	57.85M	70.55M	60.83M	63.39M
Net Debt	695.66M	586.93M	93.2M	157.03M	96.99M	74.99M	-196.53M	-36.74M	-9.35M	13.38M
Debt / Equity	6.55x	0.44x	1.18x	1.41x	0.88x	0.63x	0.13x	0.18x	0.17x	0.19x
Debt / EBITDA	36.93x	6.07x	9.67x	7.36x	17.75x	8.18x	2.97x	16.86x	-	9.89x
Net Debt / EBITDA	35.02x	123.57x	8.45x	6.56x	14.20x	5.31x	-10.11x	-8.78x	-	2.09x
Interest Coverage	8.16x	1.28x	1.67x	1.78x	-0.11x	1.09x	2.45x	-0.83x	-3.93x	-0.25x
Total Equity+	111.93M	66.14M	90.48M	124.67M	137.55M	183.26M	448.4M	388.64M	363.31M	338.02M
Equity Growth %	-0.2%	-0.41%	0.37%	0.38%	0.1%	0.33%	1.45%	-0.13%	-0.07%	-0.07%
Book Value per Share	5.48	3.27	3.66	3.27	3.39	3.68	6.42	5.99	6.43	6.52
Total Shareholders' Equity	111.93M	66.14M	90.48M	90.67M	94.72M	139.14M	404M	347.29M	325.31M	300.52M
Common Stock	477.96M	476.66M	519.23M	519.31M	530.21M	574.5M	847.36M	806.28M	806.71M	806.71M
Retained Earnings	-435.28M	-469.98M	-435.52M	-433.51M	-442.35M	-439.57M	-432.7M	-437.38M	-440.56M	-453.04M
Treasury Stock	0	-513.14K	0	0	0	0	-18.45M	-20M	-41.94M	-49.15M
Accumulated OCI	60.91M	51.23M	-2.24M	-4.49M	-2.86M	-3.57M	-4.62M	-15.11M	-13.63M	-19.12M
Minority Interest	0	0	0	34M	42.83M	44.12M	44.41M	41.35M	38M	37.5M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.21M	27.53M	18.43M	-51.09M	55.91M	-10.03M	-6.42M	-35.25M	-23.49M	-4.29M
Operating CF Margin %	0%	0.34%	0.18%	-0.53%	0.47%	-0.14%	-0.08%	-0.58%	-0.22%	-0.05%
Operating CF Growth %	1.02%	11.46%	-0.33%	-3.77%	2.09%	-1.18%	0.36%	-4.49%	0.33%	0.82%
Net Income	-5.08M	-34.7M	3.2M	5.1M	-11.68M	2.16M	6.61M	-4.55M	-3.19M	-11.61M
Depreciation & Amortization	90.11M	83.21M	4.48M	8.4M	7.8M	7.34M	6.79M	6.82M	7.83M	6.92M
Stock-Based Compensation	1.53M	747K	870.62K	439.07K	348.92K	369.19K	2.63M	1.74M	1.44M	377K
Deferred Taxes	2.54B	1.45B	88.05K	-1.09M	255.54K	-303K	418.46K	4.35M	-40K	132K
Other Non-Cash Items	-2.55B	-1.45B	65.11M	-290K	23.9M	-5.6M	3.93M	3.76M	8.11M	6.13M
Working Capital Changes	-70.5M	-20.75M	-55.32M	-63.64M	35.29M	-14M	-26.8M	-47.37M	-37.64M	-6.24M
Change in Receivables	-211.82M	-30.51M	2.08M	-18.36M	20.77M	-18.13M	-30.35M	-17.72M	0	11.07M
Change in Inventory	121.77M	10.47M	-24.48B	-24.48B	102.87K	0	-129K	-740.16K	0	0
Change in Payables	-158.97B	-52.55B	24.45B	24.45B	8.24M	0	-2.7M	-2.35M	0	0
Cash from Investing+	-40.03M	42.16M	-156.35M	-40.4M	-1.6M	-3.39M	19.39M	-37.06M	15.31M	-15.47M
Capital Expenditures	-16.82M	-7.1M	-80.31M	-40.4M	-13.69M	-8.25M	-11.62M	-37.62M	-10.75M	-15.75M
CapEx % of Revenue	0.01%	0.09%	0.78%	0.42%	0.11%	0.11%	0.15%	0.61%	0.1%	0.17%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-24.5M	36.67M	-76.04M	0	-13.09M	8.76M	-2.39M	7.81M	10.16M	277K
Cash from Financing+	-11.16M	-62.37M	102.4M	85.83M	-39.31M	30.18M	204.88M	-60.28M	-25.26M	-5.85M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	45.27M	-33.82M	49.51M	30.32M	12.99M	-3.5M	-5.51M	0	111K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-14.61M	20.43M	-61.88M	-91.49M	42.22M	-18.28M	-18.03M	-72.87M	-34.23M	-20.04M
FCF Margin %	-0.01%	0.25%	-0.6%	-0.94%	0.35%	-0.25%	-0.23%	-1.19%	-0.32%	-0.22%
FCF Growth %	0.91%	2.4%	-4.03%	-0.48%	1.46%	-1.43%	0.01%	-3.04%	0.53%	0.41%
FCF per Share	-0.72	1.01	-2.51	-2.40	1.04	-0.37	-0.26	-1.12	-0.61	-0.39
FCF Conversion (FCF/Net Income)	-0.44x	-0.79x	0.53x	-29.04x	-6.33x	-3.61x	-0.94x	7.54x	7.37x	0.34x
Interest Paid	0	2.97M	3.94M	8.28M	9.04M	6.19M	5.2M	3.17M	2.03M	1.99M
Taxes Paid	0	79.98K	42.88K	637.53K	338.1K	509.49K	366.35K	1.31M	1.3M	3.58M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.02%	-38.97%	44%	1.64%	-6.74%	1.73%	2.17%	-1.12%	-0.85%	-3.56%
Return on Invested Capital (ROIC)	1.49%	0.41%	4.08%	4.88%	-0.27%	2.06%	3.72%	-0.65%	-1.84%	-0.11%
Gross Margin	14.65%	8.98%	13.72%	28.97%	28.73%	22.7%	39.45%	25.02%	23.68%	26.2%
Net Margin	-0.4%	-43.1%	33.46%	1.82%	-7.41%	3.78%	8.61%	-7.62%	-3.02%	-13.55%
Debt / Equity	6.55x	0.44x	1.18x	1.41x	0.88x	0.63x	0.13x	0.18x	0.17x	0.19x
Interest Coverage	8.16x	1.28x	1.67x	1.78x	-0.11x	1.09x	2.45x	-0.83x	-3.93x	-0.25x
FCF Conversion	-0.44x	-0.79x	0.53x	-29.04x	-6.33x	-3.61x	-0.94x	7.54x	7.37x	0.34x
Revenue Growth	-17.9%	-93.72%	27.91%	-5.89%	22.92%	-38.29%	8.38%	-23.06%	72.36%	-12.85%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Electricity	-	-	-	29.26M	28.71M	23.55M	-	21.65M	29.41M	28.9M
Electricity Growth	-	-	-	-	-1.86%	-17.99%	-	-	35.79%	-1.71%
Real Estate	-	-	-	48.78M	90.1M	49.16M	-	13.75M	25.15M	25.87M
Real Estate Growth	-	-	-	-	84.68%	-45.44%	-	-	82.88%	2.87%
Contract	-	-	-	18.54M	69.75K	-	-	24.76M	43.9M	17.33M
Contract Growth	-	-	-	-	-99.62%	-	-	-	77.31%	-60.52%
Product and Service, Other	-	-	-	319.48K	-	-	-	-	-	999K
Product and Service, Other Growth	-	-	-	-	-	-	-	-	-	-
Product And Service Other	-	-	-	-	237.78K	795.51K	-	1.12M	7.18M	-
Product And Service Other Growth	-	-	-	-	-	234.56%	-	-	539.66%	-
Other	-	-	-	-	-	-	655.84K	-	-	-
Other Growth	-	-	-	-	-	-	-	-	-	-
EPC services	-	-	-	-	-	-	-	-	-	-
EPC services Growth	-	-	-	-	-	-	-	-	-	-
Solar Power Project	110.74M	83.11M	20.79M	-	-	-	-	-	-	-
Solar Power Project Growth	-	-24.95%	-74.98%	-	-	-	-	-	-	-
Solar Modules	920.27M	547.32M	-	-	-	-	-	-	-	-
Solar Modules Growth	-	-40.53%	-	-	-	-	-	-	-	-
Solar Wafers	163.7M	223.61M	-	-	-	-	-	-	-	-
Solar Wafers Growth	-	36.60%	-	-	-	-	-	-	-	-
Other Materials	61.93M	48.8M	-	-	-	-	-	-	-	-
Other Materials Growth	-	-21.20%	-	-	-	-	-	-	-	-
Services Relating to Tolling Arrangement	11.47M	18.28M	-	-	-	-	-	-	-	-
Services Relating to Tolling Arrangement Growth	-	59.37%	-	-	-	-	-	-	-	-
Solar Cells	8.27M	5.87M	-	-	-	-	-	-	-	-
Solar Cells Growth	-	-28.95%	-	-	-	-	-	-	-	-
Power	5.65M	2.85M	-	-	-	-	-	-	-	-
Power Growth	-	-49.60%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
ITALY	4.01M	944.84K	-	-	-	-	-	779.48K	6.9M	18.96M
ITALY Growth	-	-76.46%	-	-	-	-	-	-	785.34%	174.73%
CHINA	264.8M	452.57M	67.53M	45.4M	-	-	-	20.74M	14.8M	17.83M
CHINA Growth	-	70.91%	-85.08%	-32.78%	-	-	-	-	-28.62%	20.46%
POLAND	-	-	-	-	-	-	-	24.85M	25.66M	17.82M
POLAND Growth	-	-	-	-	-	-	-	-	3.24%	-30.54%
HUNGARY	-	-	-	-	-	-	-	451.63K	41.99M	16.44M
HUNGARY Growth	-	-	-	-	-	-	-	-	9198.64%	-60.85%
UNITED STATES	50.18M	23.51M	-	-	-	-	-	13.87M	1.09M	7.27M
UNITED STATES Growth	-	-53.15%	-	-	-	-	-	-	-92.14%	567.25%
FRANCE	3.53M	2.88M	-	-	-	-	96.21K	14.03K	9K	997K
FRANCE Growth	-	-18.32%	-	-	-	-	-	-85.42%	-35.83%	10977.78%
SPAIN	202.53K	-	-	-	-	-	-	-490.47K	-	815K
SPAIN Growth	-	-	-	-	-	-	-	-	-	-
LUXEMBOURG	-	-	-	-	-	-	-	-	-	656K
LUXEMBOURG Growth	-	-	-	-	-	-	-	-	-	-
UK	-	-	-	-	-	-	-	1.08M	12.75M	-
UK Growth	-	-	-	-	-	-	-	-	1082.27%	-
Germany	-	-	-	-	-	-	-	-	2.44M	-
Germany Growth	-	-	-	-	-	-	-	-	-	-
ROMANIA	-	-	-	-	-	-	-	-	-	-
ROMANIA Growth	-	-	-	-	-	-	-	-	-	-
CANADA	-	-	-	-	-	-	-	-	-	-
CANADA Growth	-	-	-	-	-	-	-	-	-	-
H	-	-	-	-	17.71M	20.47M	-	-	-	-
H Growth	-	-	-	-	-	15.63%	-	-	-	-
C	-	-	-	-	24.47M	16.56M	-	-	-	-
C Growth	-	-	-	-	-	-32.34%	-	-	-	-
P	-	-	-	-	59.88M	10.01M	-	-	-	-
P Growth	-	-	-	-	-	-83.29%	-	-	-	-
R	-	-	-	-	3.19M	5.71M	-	-	-	-
R Growth	-	-	-	-	-	78.81%	-	-	-	-
U	-	-	-	-	9.28M	4.39M	-	-	-	-
U Growth	-	-	-	-	-	-52.70%	-	-	-	-
G	-	-	-	-	3.85M	655.1K	-	-	-	-
G Growth	-	-	-	-	-	-83.00%	-	-	-	-
T	-	-	-	-	-	-	-	-	-	-
T Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	800.66M	739.72M	-	-	-	-	-	-	-	-
Asia Pacific Growth	-	-7.61%	-	-	-	-	-	-	-	-
INDIA	135.77M	117.19M	-	-	-	-	-	-	-	-
INDIA Growth	-	-13.68%	-	-	-	-	-	-	-	-
England	242.43M	81.76M	-	-	-	-	-	-	-	-
England Growth	-	-66.27%	-	-	-	-	-	-	-	-
JAPAN	298.86M	80.64M	-	-	-	-	-	-	-	-
JAPAN Growth	-	-73.02%	-	-	-	-	-	-	-	-
Other Countries	82.43M	71.64M	-	-	-	-	-	-	-	-
Other Countries Growth	-	-13.10%	-	-	-	-	-	-	-	-
TAIWAN, PROVINCE OF CHINA	34.71M	41.39M	-	-	-	-	-	-	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	19.25%	-	-	-	-	-	-	-	-
SINGAPORE	23.48M	28.06M	-	-	-	-	-	-	-	-
SINGAPORE Growth	-	19.52%	-	-	-	-	-	-	-	-
AUSTRALIA	26.45M	9M	-	-	-	-	-	-	-	-
AUSTRALIA Growth	-	-65.95%	-	-	-	-	-	-	-	-
KOREA, REPUBLIC OF	8.77M	7.34M	-	-	-	-	-	-	-	-
KOREA, REPUBLIC OF Growth	-	-16.24%	-	-	-	-	-	-	-	-
SOUTH AFRICA	17.07M	5.77M	-	-	-	-	-	-	-	-
SOUTH AFRICA Growth	-	-66.20%	-	-	-	-	-	-	-	-
GERMANY	53.6M	3.61M	-	-	-	-	-	-	-	-
GERMANY Growth	-	-93.26%	-	-	-	-	-	-	-	-
THAILAND	7.77M	3.12M	-	-	-	-	-	-	-	-
THAILAND Growth	-	-59.81%	-	-	-	-	-	-	-	-
HONG KONG	61.24K	400.03K	-	-	-	-	-	-	-	-
HONG KONG Growth	-	553.22%	-	-	-	-	-	-	-	-
NETHERLANDS	4.71M	-	-	-	-	-	-	-	-	-
NETHERLANDS Growth	-	-	-	-	-	-	-	-	-	-
BELGIUM	18.25M	-	-	-	-	-	-	-	-	-
BELGIUM Growth	-	-	-	-	-	-	-	-	-	-
CZECH REPUBLIC	4.86M	-	-	-	-	-	-	-	-	-
CZECH REPUBLIC Growth	-	-	-	-	-	-	-	-	-	-
GREECE	103.19K	-	-	-	-	-	-	-	-	-
GREECE Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Emeren Group, Ltd. (SOL) reported $71.2M in revenue for fiscal year 2024. This represents a 93% decrease from $985.3M in 2011.

Emeren Group, Ltd. (SOL) saw revenue decline by 12.8% over the past year.

Emeren Group, Ltd. (SOL) reported a net loss of $5.3M for fiscal year 2024.

Dividend & Returns

Emeren Group, Ltd. (SOL) has a return on equity (ROE) of -3.6%. Negative ROE indicates the company is unprofitable.

Emeren Group, Ltd. (SOL) generated $33.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Emeren Group, Ltd. (SOL) 10-Year Financial Performance & Capital Metrics

SOL • • Industrial / General

EnergySolarSolar Project Development & InstallationCommercial & Utility Project Developers

AboutEmeren Group Ltd is solar project developer, owner, and operator. The Company specializes in solar project lifecycle, construction management, and financing services.Show more

Revenue $92M -12.9%
EBITDA $6M +871.5%
Net Income -$12M -291.6%
EPS (Diluted) -0.24 -328.6%
Gross Margin 26.2% +10.7%
EBITDA Margin 6.96% +985.3%
Operating Margin -0.55% +93.3%
Net Margin -13.55% -349.4%
ROE -3.56% -319.9%
ROIC -0.11% +94.2%
Debt/Equity 0.19 +12.0%
Interest Coverage -0.25 +93.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 8.3% through buybacks
✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 5.0% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-24.65%

5Y-5.02%

3Y4.94%

TTM-30.5%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-101.7%

EPS CAGR

10Y-

5Y-

3Y-

TTM34.18%

ROCE

10Y Avg2.07%

5Y Avg0.74%

3Y Avg-0.87%

Latest-0.12%

Peer Comparison

Commercial & Utility Project Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VVPRVivoPower International PLC	45.67M	2.72	-0.18	-99.61%	-10.04%
SOLEmeren Group, Ltd.	99.56M	1.94	-8.08	-12.85%	-7.48%	-1.65%		0.19

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.28B	80.5M	102.97M	96.91M	119.12M	73.5M	79.66M	61.29M	105.64M	92.07M
Revenue Growth %	-0.18%	-0.94%	0.28%	-0.06%	0.23%	-0.38%	0.08%	-0.23%	0.72%	-0.13%
Cost of Goods Sold+	1.09B	73.27M	88.84M	68.84M	84.89M	56.82M	48.24M	45.95M	80.63M	67.94M
COGS % of Revenue	0.85%	0.91%	0.86%	0.71%	0.71%	0.77%	0.61%	0.75%	0.76%	0.74%
Gross Profit+	187.87M	7.23M	14.13M	28.07M	34.23M	16.69M	31.42M	15.34M	25.01M	24.12M
Gross Margin %	0.15%	0.09%	0.14%	0.29%	0.29%	0.23%	0.39%	0.25%	0.24%	0.26%
Gross Profit Growth %	-0.1%	-0.96%	0.95%	0.99%	0.22%	-0.51%	0.88%	-0.51%	0.63%	-0.04%
Operating Expenses+	6.72M	4.88M	7.58M	12.54M	35.19M	9.91M	18.77M	17.97M	33.67M	24.63M
OpEx % of Revenue	0.01%	0.06%	0.07%	0.13%	0.3%	0.13%	0.24%	0.29%	0.32%	0.27%
Selling, General & Admin	7.63M	7.38M	7.89M	11.09M	16.51M	14.95M	17.3M	17.62M	26.36M	23.31M
SG&A % of Revenue	0.01%	0.09%	0.08%	0.11%	0.14%	0.2%	0.22%	0.29%	0.25%	0.25%
Research & Development	43.91M	27.29M	0	0	0	0	0	0	0	0
R&D % of Revenue	0.03%	0.34%	-	-	-	-	-	-	-	-
Other Operating Expenses	-44.82M	-29.78M	-313K	1.45M	18.68M	-5.04M	1.47M	346K	7.32M	1.31M
Operating Income+	16.32M	2.35M	6.56M	15.53M	-964K	6.78M	12.65M	-2.63M	-8.66M	-504K
Operating Margin %	0.01%	0.03%	0.06%	0.16%	-0.01%	0.09%	0.16%	-0.04%	-0.08%	-0.01%
Operating Income Growth %	0.99%	-0.86%	1.79%	1.37%	-1.06%	8.03%	0.87%	-1.21%	-2.29%	0.94%
EBITDA+	19.87M	4.75M	11.03M	23.93M	6.83M	14.12M	19.45M	4.18M	-831K	6.41M
EBITDA Margin %	0.02%	0.06%	0.11%	0.25%	0.06%	0.19%	0.24%	0.07%	-0.01%	0.07%
EBITDA Growth %	-0.8%	-0.76%	1.32%	1.17%	-0.71%	1.07%	0.38%	-0.78%	-1.2%	8.71%
D&A (Non-Cash Add-back)	3.55M	2.4M	4.48M	8.4M	7.8M	7.34M	6.79M	6.82M	7.83M	6.92M
EBIT	22.19M	2.07M	7.46M	13.61M	-1.42M	8.53M	12.54M	536K	-697K	-7.6M
Net Interest Income+	-1.96M	-1.84M	-3.88M	-8.51M	-8.34M	-5.23M	-3.5M	-2.51M	-411K	-559K
Interest Income	38.85K	3.55K	51.4K	194K	823K	976K	1.66M	657.39K	1.79M	1.43M
Interest Expense	2M	1.84M	3.94M	8.7M	9.16M	6.21M	5.15M	3.17M	2.21M	1.99M
Other Income/Expense	3.87M	-2.12M	-3.03M	-10.62M	-9.61M	-4.46M	-5.26M	2K	5.76M	-9.09M
Pretax Income+	20.19M	226.57K	3.52M	4.91M	-10.57M	2.32M	7.39M	-2.63M	-2.9M	-9.59M
Pretax Margin %	0.02%	0%	0.03%	0.05%	-0.09%	0.03%	0.09%	-0.04%	-0.03%	-0.1%
Income Tax+	-23.19K	132.09K	322.07K	-189K	1.1M	163.04K	774.41K	1.92M	2.53M	2.02M
Effective Tax Rate %	-0.25%	-153.14%	9.78%	0.36%	0.84%	1.2%	0.93%	1.78%	1.1%	1.3%
Net Income+	-5.08M	-34.7M	34.46M	1.76M	-8.83M	2.78M	6.86M	-4.67M	-3.19M	-12.48M
Net Margin %	-0%	-0.43%	0.33%	0.02%	-0.07%	0.04%	0.09%	-0.08%	-0.03%	-0.14%
Net Income Growth %	0.85%	-5.84%	1.99%	-0.95%	-6.02%	1.31%	1.47%	-1.68%	0.32%	-2.92%
Net Income (Continuing)	20.21M	94.48K	3.2M	5.1M	-11.68M	2.16M	6.61M	-4.55M	-5.43M	-11.61M
Discontinued Operations	0	-34.79M	31.26M	0	0	0	0	0	0	0
Minority Interest	0	0	0	34M	42.83M	44.12M	44.41M	41.35M	38M	37.5M
EPS (Diluted)+	-0.20	-1.70	1.40	0.05	-0.22	0.06	0.10	0.09	-0.06	-0.24
EPS Growth %	0.88%	-7.5%	1.82%	-0.97%	-5.78%	1.25%	0.79%	-0.1%	-1.62%	-3.29%
EPS (Basic)	-0.20	-1.70	1.40	0.05	-0.22	0.06	0.10	0.09	-0.06	-0.24
Diluted Shares Outstanding	20.41M	20.22M	24.69M	38.08M	40.6M	49.79M	69.84M	64.92M	56.53M	51.85M
Basic Shares Outstanding	20.41M	20.22M	24.69M	38.08M	40.6M	49.17M	68.91M	64.92M	56.53M	51.85M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	637.75M	507.49M	170.07M	135.28M	103.06M	136.75M	319.59M	194.76M	226.45M	191.39M
Cash & Short-Term Investments	38.05M	3.96M	13.43M	6.75M	24.29M	40.59M	254.38M	107.29M	70.17M	50.01M
Cash Only	38.05M	37.34M	13.43M	6.75M	24.29M	40.59M	254.38M	107.29M	70.17M	50.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	189.41M	5.04M	38.67M	47.48M	21.53M	58.07M	50.42M	71.48M	93.82M	70.46M
Days Sales Outstanding	53.93	22.85	137.08	178.83	65.96	288.37	231.03	425.69	324.17	279.32
Inventory	193.17M	143.98M	0	2.66M	0	0	0	0	-49K	361K
Days Inventory Outstanding	64.44	717.21	-	14.08	-	-	-	-	-	1.94
Other Current Assets	198.64M	348.4M	107.18M	93.08M	51.11M	27.35M	14.52M	14.97M	39.91M	54.27M
Total Non-Current Assets+	708.57M	580.91M	165.62M	242.44M	216.88M	200.19M	218.36M	312.94M	251.9M	256.18M
Property, Plant & Equipment	667.7M	523.11M	154.66M	190.79M	192.28M	168.75M	167.15M	214.84M	198.36M	219.34M
Fixed Asset Turnover	1.92x	0.15x	0.67x	0.51x	0.62x	0.44x	0.48x	0.29x	0.53x	0.42x
Goodwill	0	0	0	0	0	1.02M	1.02M	1.02M	0	0
Intangible Assets	37.24M	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	406.83K	0	0	10.05M	0	0
Other Non-Current Assets	30.63M	42.27M	10.91M	50.54M	23.76M	29.24M	40.72M	73.19M	53.54M	36.83M
Total Assets+	1.35B	1.09B	335.7M	377.71M	319.94M	336.94M	537.95M	507.7M	478.35M	447.57M
Asset Turnover	0.95x	0.07x	0.31x	0.26x	0.37x	0.22x	0.15x	0.12x	0.22x	0.21x
Asset Growth %	-0.2%	-0.19%	-0.69%	0.13%	-0.15%	0.05%	0.6%	-0.06%	-0.06%	-0.06%
Total Current Liabilities+	1.1B	904.43M	145.2M	133.74M	109.41M	88.31M	35.1M	43.3M	56.99M	49.52M
Accounts Payable	300.18M	0	25.79M	12.05M	20.43M	6.31M	3.76M	7.12M	16.2M	11.89M
Days Payables Outstanding	100.14	-	105.95	63.89	87.85	40.56	28.49	56.53	73.35	63.88
Short-Term Debt	694.93M	595.43M	6.61M	44.47M	38.26M	41.02M	12.09M	12.21M	1.39M	1.18M
Deferred Revenue (Current)	0	504.65K	1000K	103K	86K	900.6K	81.61K	1000K	1000K	1000K
Other Current Liabilities	106.2M	0	464.94K	27.23M	36.28M	2.19M	17.98M	18.92M	23.11M	4.86M
Current Ratio	0.58x	0.56x	1.17x	1.01x	0.94x	1.55x	9.11x	4.50x	3.97x	3.87x
Quick Ratio	0.40x	0.40x	1.17x	0.99x	0.94x	1.55x	9.11x	4.50x	3.97x	3.86x
Cash Conversion Cycle	18.23	-	-	129.02	-	-	-	-	-	217.38
Total Non-Current Liabilities+	130.52M	117.83M	100.02M	119.31M	72.99M	65.37M	54.45M	75.76M	58.05M	60.03M
Long-Term Debt	38.78M	28.84M	32.51M	41.44M	3.37M	0	61.51K	22.52M	22.68M	23.52M
Capital Lease Obligations	0	0	67.5M	77.88M	69.62M	65.37M	45.69M	35.82M	31.83M	33.02M
Deferred Tax Liabilities	0	0	0	0	0	0	8.7M	17.42M	3.53M	3.49M
Other Non-Current Liabilities	36.13M	88.99M	0	0	0	0	0	0	0	0
Total Liabilities	1.23B	1.02B	245.22M	253.05M	182.4M	153.68M	89.55M	119.06M	115.04M	109.55M
Total Debt+	733.71M	28.84M	106.63M	176.05M	121.28M	115.58M	57.85M	70.55M	60.83M	63.39M
Net Debt	695.66M	586.93M	93.2M	157.03M	96.99M	74.99M	-196.53M	-36.74M	-9.35M	13.38M
Debt / Equity	6.55x	0.44x	1.18x	1.41x	0.88x	0.63x	0.13x	0.18x	0.17x	0.19x
Debt / EBITDA	36.93x	6.07x	9.67x	7.36x	17.75x	8.18x	2.97x	16.86x	-	9.89x
Net Debt / EBITDA	35.02x	123.57x	8.45x	6.56x	14.20x	5.31x	-10.11x	-8.78x	-	2.09x
Interest Coverage	8.16x	1.28x	1.67x	1.78x	-0.11x	1.09x	2.45x	-0.83x	-3.93x	-0.25x
Total Equity+	111.93M	66.14M	90.48M	124.67M	137.55M	183.26M	448.4M	388.64M	363.31M	338.02M
Equity Growth %	-0.2%	-0.41%	0.37%	0.38%	0.1%	0.33%	1.45%	-0.13%	-0.07%	-0.07%
Book Value per Share	5.48	3.27	3.66	3.27	3.39	3.68	6.42	5.99	6.43	6.52
Total Shareholders' Equity	111.93M	66.14M	90.48M	90.67M	94.72M	139.14M	404M	347.29M	325.31M	300.52M
Common Stock	477.96M	476.66M	519.23M	519.31M	530.21M	574.5M	847.36M	806.28M	806.71M	806.71M
Retained Earnings	-435.28M	-469.98M	-435.52M	-433.51M	-442.35M	-439.57M	-432.7M	-437.38M	-440.56M	-453.04M
Treasury Stock	0	-513.14K	0	0	0	0	-18.45M	-20M	-41.94M	-49.15M
Accumulated OCI	60.91M	51.23M	-2.24M	-4.49M	-2.86M	-3.57M	-4.62M	-15.11M	-13.63M	-19.12M
Minority Interest	0	0	0	34M	42.83M	44.12M	44.41M	41.35M	38M	37.5M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.21M	27.53M	18.43M	-51.09M	55.91M	-10.03M	-6.42M	-35.25M	-23.49M	-4.29M
Operating CF Margin %	0%	0.34%	0.18%	-0.53%	0.47%	-0.14%	-0.08%	-0.58%	-0.22%	-0.05%
Operating CF Growth %	1.02%	11.46%	-0.33%	-3.77%	2.09%	-1.18%	0.36%	-4.49%	0.33%	0.82%
Net Income	-5.08M	-34.7M	3.2M	5.1M	-11.68M	2.16M	6.61M	-4.55M	-3.19M	-11.61M
Depreciation & Amortization	90.11M	83.21M	4.48M	8.4M	7.8M	7.34M	6.79M	6.82M	7.83M	6.92M
Stock-Based Compensation	1.53M	747K	870.62K	439.07K	348.92K	369.19K	2.63M	1.74M	1.44M	377K
Deferred Taxes	2.54B	1.45B	88.05K	-1.09M	255.54K	-303K	418.46K	4.35M	-40K	132K
Other Non-Cash Items	-2.55B	-1.45B	65.11M	-290K	23.9M	-5.6M	3.93M	3.76M	8.11M	6.13M
Working Capital Changes	-70.5M	-20.75M	-55.32M	-63.64M	35.29M	-14M	-26.8M	-47.37M	-37.64M	-6.24M
Change in Receivables	-211.82M	-30.51M	2.08M	-18.36M	20.77M	-18.13M	-30.35M	-17.72M	0	11.07M
Change in Inventory	121.77M	10.47M	-24.48B	-24.48B	102.87K	0	-129K	-740.16K	0	0
Change in Payables	-158.97B	-52.55B	24.45B	24.45B	8.24M	0	-2.7M	-2.35M	0	0
Cash from Investing+	-40.03M	42.16M	-156.35M	-40.4M	-1.6M	-3.39M	19.39M	-37.06M	15.31M	-15.47M
Capital Expenditures	-16.82M	-7.1M	-80.31M	-40.4M	-13.69M	-8.25M	-11.62M	-37.62M	-10.75M	-15.75M
CapEx % of Revenue	0.01%	0.09%	0.78%	0.42%	0.11%	0.11%	0.15%	0.61%	0.1%	0.17%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-24.5M	36.67M	-76.04M	0	-13.09M	8.76M	-2.39M	7.81M	10.16M	277K
Cash from Financing+	-11.16M	-62.37M	102.4M	85.83M	-39.31M	30.18M	204.88M	-60.28M	-25.26M	-5.85M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	45.27M	-33.82M	49.51M	30.32M	12.99M	-3.5M	-5.51M	0	111K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-14.61M	20.43M	-61.88M	-91.49M	42.22M	-18.28M	-18.03M	-72.87M	-34.23M	-20.04M
FCF Margin %	-0.01%	0.25%	-0.6%	-0.94%	0.35%	-0.25%	-0.23%	-1.19%	-0.32%	-0.22%
FCF Growth %	0.91%	2.4%	-4.03%	-0.48%	1.46%	-1.43%	0.01%	-3.04%	0.53%	0.41%
FCF per Share	-0.72	1.01	-2.51	-2.40	1.04	-0.37	-0.26	-1.12	-0.61	-0.39
FCF Conversion (FCF/Net Income)	-0.44x	-0.79x	0.53x	-29.04x	-6.33x	-3.61x	-0.94x	7.54x	7.37x	0.34x
Interest Paid	0	2.97M	3.94M	8.28M	9.04M	6.19M	5.2M	3.17M	2.03M	1.99M
Taxes Paid	0	79.98K	42.88K	637.53K	338.1K	509.49K	366.35K	1.31M	1.3M	3.58M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.02%	-38.97%	44%	1.64%	-6.74%	1.73%	2.17%	-1.12%	-0.85%	-3.56%
Return on Invested Capital (ROIC)	1.49%	0.41%	4.08%	4.88%	-0.27%	2.06%	3.72%	-0.65%	-1.84%	-0.11%
Gross Margin	14.65%	8.98%	13.72%	28.97%	28.73%	22.7%	39.45%	25.02%	23.68%	26.2%
Net Margin	-0.4%	-43.1%	33.46%	1.82%	-7.41%	3.78%	8.61%	-7.62%	-3.02%	-13.55%
Debt / Equity	6.55x	0.44x	1.18x	1.41x	0.88x	0.63x	0.13x	0.18x	0.17x	0.19x
Interest Coverage	8.16x	1.28x	1.67x	1.78x	-0.11x	1.09x	2.45x	-0.83x	-3.93x	-0.25x
FCF Conversion	-0.44x	-0.79x	0.53x	-29.04x	-6.33x	-3.61x	-0.94x	7.54x	7.37x	0.34x
Revenue Growth	-17.9%	-93.72%	27.91%	-5.89%	22.92%	-38.29%	8.38%	-23.06%	72.36%	-12.85%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Electricity	-	-	-	29.26M	28.71M	23.55M	-	21.65M	29.41M	28.9M
Electricity Growth	-	-	-	-	-1.86%	-17.99%	-	-	35.79%	-1.71%
Real Estate	-	-	-	48.78M	90.1M	49.16M	-	13.75M	25.15M	25.87M
Real Estate Growth	-	-	-	-	84.68%	-45.44%	-	-	82.88%	2.87%
Contract	-	-	-	18.54M	69.75K	-	-	24.76M	43.9M	17.33M
Contract Growth	-	-	-	-	-99.62%	-	-	-	77.31%	-60.52%
Product and Service, Other	-	-	-	319.48K	-	-	-	-	-	999K
Product and Service, Other Growth	-	-	-	-	-	-	-	-	-	-
Product And Service Other	-	-	-	-	237.78K	795.51K	-	1.12M	7.18M	-
Product And Service Other Growth	-	-	-	-	-	234.56%	-	-	539.66%	-
Other	-	-	-	-	-	-	655.84K	-	-	-
Other Growth	-	-	-	-	-	-	-	-	-	-
EPC services	-	-	-	-	-	-	-	-	-	-
EPC services Growth	-	-	-	-	-	-	-	-	-	-
Solar Power Project	110.74M	83.11M	20.79M	-	-	-	-	-	-	-
Solar Power Project Growth	-	-24.95%	-74.98%	-	-	-	-	-	-	-
Solar Modules	920.27M	547.32M	-	-	-	-	-	-	-	-
Solar Modules Growth	-	-40.53%	-	-	-	-	-	-	-	-
Solar Wafers	163.7M	223.61M	-	-	-	-	-	-	-	-
Solar Wafers Growth	-	36.60%	-	-	-	-	-	-	-	-
Other Materials	61.93M	48.8M	-	-	-	-	-	-	-	-
Other Materials Growth	-	-21.20%	-	-	-	-	-	-	-	-
Services Relating to Tolling Arrangement	11.47M	18.28M	-	-	-	-	-	-	-	-
Services Relating to Tolling Arrangement Growth	-	59.37%	-	-	-	-	-	-	-	-
Solar Cells	8.27M	5.87M	-	-	-	-	-	-	-	-
Solar Cells Growth	-	-28.95%	-	-	-	-	-	-	-	-
Power	5.65M	2.85M	-	-	-	-	-	-	-	-
Power Growth	-	-49.60%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
ITALY	4.01M	944.84K	-	-	-	-	-	779.48K	6.9M	18.96M
ITALY Growth	-	-76.46%	-	-	-	-	-	-	785.34%	174.73%
CHINA	264.8M	452.57M	67.53M	45.4M	-	-	-	20.74M	14.8M	17.83M
CHINA Growth	-	70.91%	-85.08%	-32.78%	-	-	-	-	-28.62%	20.46%
POLAND	-	-	-	-	-	-	-	24.85M	25.66M	17.82M
POLAND Growth	-	-	-	-	-	-	-	-	3.24%	-30.54%
HUNGARY	-	-	-	-	-	-	-	451.63K	41.99M	16.44M
HUNGARY Growth	-	-	-	-	-	-	-	-	9198.64%	-60.85%
UNITED STATES	50.18M	23.51M	-	-	-	-	-	13.87M	1.09M	7.27M
UNITED STATES Growth	-	-53.15%	-	-	-	-	-	-	-92.14%	567.25%
FRANCE	3.53M	2.88M	-	-	-	-	96.21K	14.03K	9K	997K
FRANCE Growth	-	-18.32%	-	-	-	-	-	-85.42%	-35.83%	10977.78%
SPAIN	202.53K	-	-	-	-	-	-	-490.47K	-	815K
SPAIN Growth	-	-	-	-	-	-	-	-	-	-
LUXEMBOURG	-	-	-	-	-	-	-	-	-	656K
LUXEMBOURG Growth	-	-	-	-	-	-	-	-	-	-
UK	-	-	-	-	-	-	-	1.08M	12.75M	-
UK Growth	-	-	-	-	-	-	-	-	1082.27%	-
Germany	-	-	-	-	-	-	-	-	2.44M	-
Germany Growth	-	-	-	-	-	-	-	-	-	-
ROMANIA	-	-	-	-	-	-	-	-	-	-
ROMANIA Growth	-	-	-	-	-	-	-	-	-	-
CANADA	-	-	-	-	-	-	-	-	-	-
CANADA Growth	-	-	-	-	-	-	-	-	-	-
H	-	-	-	-	17.71M	20.47M	-	-	-	-
H Growth	-	-	-	-	-	15.63%	-	-	-	-
C	-	-	-	-	24.47M	16.56M	-	-	-	-
C Growth	-	-	-	-	-	-32.34%	-	-	-	-
P	-	-	-	-	59.88M	10.01M	-	-	-	-
P Growth	-	-	-	-	-	-83.29%	-	-	-	-
R	-	-	-	-	3.19M	5.71M	-	-	-	-
R Growth	-	-	-	-	-	78.81%	-	-	-	-
U	-	-	-	-	9.28M	4.39M	-	-	-	-
U Growth	-	-	-	-	-	-52.70%	-	-	-	-
G	-	-	-	-	3.85M	655.1K	-	-	-	-
G Growth	-	-	-	-	-	-83.00%	-	-	-	-
T	-	-	-	-	-	-	-	-	-	-
T Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	800.66M	739.72M	-	-	-	-	-	-	-	-
Asia Pacific Growth	-	-7.61%	-	-	-	-	-	-	-	-
INDIA	135.77M	117.19M	-	-	-	-	-	-	-	-
INDIA Growth	-	-13.68%	-	-	-	-	-	-	-	-
England	242.43M	81.76M	-	-	-	-	-	-	-	-
England Growth	-	-66.27%	-	-	-	-	-	-	-	-
JAPAN	298.86M	80.64M	-	-	-	-	-	-	-	-
JAPAN Growth	-	-73.02%	-	-	-	-	-	-	-	-
Other Countries	82.43M	71.64M	-	-	-	-	-	-	-	-
Other Countries Growth	-	-13.10%	-	-	-	-	-	-	-	-
TAIWAN, PROVINCE OF CHINA	34.71M	41.39M	-	-	-	-	-	-	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	19.25%	-	-	-	-	-	-	-	-
SINGAPORE	23.48M	28.06M	-	-	-	-	-	-	-	-
SINGAPORE Growth	-	19.52%	-	-	-	-	-	-	-	-
AUSTRALIA	26.45M	9M	-	-	-	-	-	-	-	-
AUSTRALIA Growth	-	-65.95%	-	-	-	-	-	-	-	-
KOREA, REPUBLIC OF	8.77M	7.34M	-	-	-	-	-	-	-	-
KOREA, REPUBLIC OF Growth	-	-16.24%	-	-	-	-	-	-	-	-
SOUTH AFRICA	17.07M	5.77M	-	-	-	-	-	-	-	-
SOUTH AFRICA Growth	-	-66.20%	-	-	-	-	-	-	-	-
GERMANY	53.6M	3.61M	-	-	-	-	-	-	-	-
GERMANY Growth	-	-93.26%	-	-	-	-	-	-	-	-
THAILAND	7.77M	3.12M	-	-	-	-	-	-	-	-
THAILAND Growth	-	-59.81%	-	-	-	-	-	-	-	-
HONG KONG	61.24K	400.03K	-	-	-	-	-	-	-	-
HONG KONG Growth	-	553.22%	-	-	-	-	-	-	-	-
NETHERLANDS	4.71M	-	-	-	-	-	-	-	-	-
NETHERLANDS Growth	-	-	-	-	-	-	-	-	-	-
BELGIUM	18.25M	-	-	-	-	-	-	-	-	-
BELGIUM Growth	-	-	-	-	-	-	-	-	-	-
CZECH REPUBLIC	4.86M	-	-	-	-	-	-	-	-	-
CZECH REPUBLIC Growth	-	-	-	-	-	-	-	-	-	-
GREECE	103.19K	-	-	-	-	-	-	-	-	-
GREECE Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Emeren Group, Ltd. (SOL) reported $71.2M in revenue for fiscal year 2024. This represents a 93% decrease from $985.3M in 2011.

Emeren Group, Ltd. (SOL) saw revenue decline by 12.8% over the past year.

Emeren Group, Ltd. (SOL) reported a net loss of $5.3M for fiscal year 2024.

Dividend & Returns

Emeren Group, Ltd. (SOL) has a return on equity (ROE) of -3.6%. Negative ROE indicates the company is unprofitable.

Emeren Group, Ltd. (SOL) generated $33.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.