In This Article:
Emeren Group (NYSE:SOL) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$12.9m (down 7.8% from 3Q 2023).
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Net income: US$4.84m (up from US$9.39m loss in 3Q 2023).
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Profit margin: 38% (up from net loss in 3Q 2023).
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EPS: US$0.94 (up from US$1.67 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Emeren Group EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 51%. Earnings per share (EPS) exceeded analyst estimates by 3.8%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are down 10% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Emeren Group (of which 1 is potentially serious!) you should know about.
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