What caused SOL's Q3 2024 EPS to plummet?

The Q3 2024 EPS of SOL declined significantly due to several factors:

1. **Revenue Decline**: The company's revenue decreased, with the Solar Power Project segment reporting $25.87 million, the Development Service Agreement segment reporting $18.96 million, and the Engineering, procurement and construction Services segment reporting $17.33 million. The Other segment reported $999,000. This decline in revenue contributed to the overall negative financial performance.
2. **Net Income**: The company reported a net loss of $12.54 million for the quarter. This net loss, coupled with a decrease in revenue, further indicates the financial strain experienced by the company during this period.

In summary, the Q3 2024 EPS of SOL was negatively impacted by a combination of reduced revenue and increased net losses.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|SOL|SOL.N|Emeren Group|20240101-2024|Other|999000|169|
|SOL|SOL.N|Emeren Group|20240101-2024|Other|320000|169|
|SOL|SOL.N|Emeren Group|20240101-2024|Other|36000|169|
|SOL|SOL.N|Emeren Group|20240101-2024|Other|17000|169|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SOL|SOL.N|Emeren Group|2024 Q1|-792.3577235772358|-5488000|169|
|SOL|SOL.N|Emeren Group|2024 Q2|-90.28898724290549|746000|169|
|SOL|SOL.N|Emeren Group|2024 Q3|162.9255850060996|5674000|169|
|SOL|SOL.N|Emeren Group|2024 Q4|-260.2987647227808|-1.2542E7|169|