Emeren Group Ltd. (NYSE:SOL) is a solar stock that Wall Street analysts consider a buy. The company announced a merger with Shurya Vitra Ltd., which will result in Emeren Group becoming a privately held company. The deal is valued at $103 million and will close in Q3 2025. Emeren Group develops, builds, and sells solar power projects and owns a 3 GW pipeline of projects and a 10 GWh pipeline of storage projects.
Emeren Group Ltd. (NYSE: SOL), a leading solar power project developer, is expected to post breakeven results for the quarter ending June 30, 2025, according to analyst estimates [1]. The company is anticipated to report a significant decrease in quarterly revenue, with a projected 38.2% decline to $18.575 million from $30.06 million a year ago. Despite this expected revenue drop, analysts maintain a "buy" rating for the stock, with no "hold" or "sell" recommendations [1].
The company recently announced a definitive merger agreement with Shurya Vitra Ltd., which will result in Emeren Group becoming a privately held company. The deal, valued at $103 million, is expected to close during the third quarter of 2025. Under the terms of the merger, Emeren Holdings Ltd. will merge with and into Emeren Group Ltd., with Emeren Group surviving as a wholly-owned subsidiary of Shurya Vitra Ltd. [2].
Emeren Group Ltd. develops, builds, and sells solar power projects, owning and operating a 3 GW pipeline of projects and a 10 GWh pipeline of storage projects. The company's shares and American Depositary Shares (ADSs) will be delisted from the New York Stock Exchange upon completion of the merger.
Wall Street analysts have a median 12-month price target for Emeren Group Ltd. of $4.50, approximately 57.8% above its last closing price of $1.90. Despite the expected revenue decrease, the company's strong pipeline and potential for growth in the renewable energy sector may provide investors with optimism.
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3U70LO:0-emeren-group-ltd-expected-to-post-breakeven-results-a-share-earnings-preview/
[2] https://finance.yahoo.com/news/emeren-group-private-040144306.html
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