
ReneSola (SOL) Stock Forecast & Price Target
ReneSola (SOL) Analyst Ratings
Bulls say
Emeren Group Ltd's strong outlook is bolstered by a robust 2.4GW advanced project pipeline, with a significant focus on European markets, which constitutes 60% of this pipeline, and a growing Battery Energy Storage System (BESS) capacity that increased ~8% quarter-over-quarter to ~8.3GW. The company has demonstrated solid financial performance with an increase in operating cash flows to approximately $10 million in Q4 and a cash balance that climbed to $50 million, enhancing its financial stability. Furthermore, with a DSA contracted backlog of $84 million set to be executed over the next three years, alongside additional contracts valued at $100 million under negotiation, Emeren Group is well-positioned to expand its revenue base and improve cash flow predictability in the future.
Bears say
Emeren Group Ltd's revenue outlook for 2025 at a midpoint of $90 million reflects stagnation compared to 2024 revenues, indicating potential challenges in revenue growth. The company reported a significant 42% quarter-over-quarter decline in Independent Power Producer (IPP) revenue in Q4, attributed to seasonal factors and delays in government approvals for multiple European projects. Additionally, the 4Q24 gross margins were adversely impacted by a reduced contribution from IPP and Direct Supply Agreements (DSA), coupled with a 4% decrease in the advanced-stage solar pipeline, suggesting underlying operational weaknesses.
This aggregate rating is based on analysts' research of ReneSola and is not a guaranteed prediction by Public.com or investment advice.
ReneSola (SOL) Analyst Forecast & Price Prediction
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