Emeren Group, Ltd. (SOL) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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SOL Revenue Growth
Revenue Breakdown (FY 2024)
SOL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SOL Revenue Analysis (2013–2024)
As of May 8, 2026, Emeren Group, Ltd. (SOL) generated trailing twelve-month (TTM) revenue of $71.2 million, reflecting exceptional growth of +21.6% year-over-year. The most recent quarter (Q3 2025) recorded $15.6 million in revenue, up 21.4% sequentially.
Looking at the longer-term picture, SOL's 5-year compound annual growth rate (CAGR) stands at -5.0%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.56 billion in 2014.
Revenue diversification analysis shows SOL's business is primarily driven by Electricity (40%), Real Estate (35%), and Contract (24%).
When compared to Energy sector peers including ARRY (+13.2% YoY), SHLS (+37.8% YoY), and CWEN (+4.2% YoY), SOL has underperformed the peer group in terms of revenue growth. Compare SOL vs ARRY →
SOL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SOLCurrent | $71M | +21.6% | -5.0% | -0.5% | |
 ARRY | $1.3B | +13.2% | +8.0% | 6.6% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 CWEN | $1.4B | +4.2% | +3.6% | 12.3% | |
 FSLR | $5.2B | +27.3% | +14.0% | 32.3% | |
 SPWR | $309M | +73.3% | +59.2% | -2.0% |
SOL Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $92.1M | -12.8% | $24.1M | 26.2% | $-504,000 | -0.5% |
| 2023 | $105.6M | +72.4% | $25.0M | 23.7% | $-8,661,000 | -8.2% |
| 2022 | $61.3M | -23.1% | $15.3M | 25.0% | $-2,633,000 | -4.3% |
| 2021 | $79.7M | +8.4% | $31.4M | 39.4% | $12.7M | 15.9% |
| 2020 | $73.5M | -38.3% | $16.7M | 22.7% | $6.8M | 9.2% |
| 2019 | $119.1M | +22.9% | $34.2M | 28.7% | $-964,000 | -0.8% |
| 2018 | $96.9M | -5.9% | $28.1M | 29.0% | $15.5M | 16.0% |
| 2017 | $103.0M | +27.9% | $14.1M | 13.7% | $6.6M | 6.4% |
| 2016 | $80.5M | -93.7% | $7.2M | 9.0% | $2.3M | 2.9% |
| 2015 | $1.28B | -17.9% | $187.9M | 14.7% | $16.3M | 1.3% |
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Start ComparisonSOL — Frequently Asked Questions
Quick answers to the most common questions about buying SOL stock.
Is SOL's revenue growth accelerating or slowing?
SOL revenue is accelerating at +21.6% year-over-year, exceeding the 5-year CAGR of -5.0%. TTM revenue reached $71M. Growth momentum has increased versus prior periods.
What is SOL's long-term revenue growth rate?
Emeren Group, Ltd.'s 5-year revenue CAGR of -5.0% reflects the sustained expansion pattern. Current YoY growth of +21.6% is above this long-term average.
How is SOL's revenue distributed by segment?
SOL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.