
ReneSola (SOL) Stock Forecast & Price Target
ReneSola (SOL) Analyst Ratings
Bulls say
Emeren Group Ltd demonstrates a robust financial outlook, highlighted by a 2.4GW advanced pipeline, with 60% situated in Europe and a significant increase in its Battery Energy Storage System (BESS) pipeline, which rose approximately 8% quarter-over-quarter to 8.3GW in Q4. The company reported a notable growth in its solar Independent Power Producer (IPP) portfolio, increasing by 7% in Q4, contributing to improved operational cash flow (OCF) of around $10 million for the quarter and a promising forecast of sustaining positive OCF through 2025. Furthermore, Emeren's contracted backlog, valued at $84 million, alongside an additional $100 million in negotiations, positions the company for potential revenue acceleration, enhancing financial predictability and earnings quality over the long term.
Bears say
Emeren Group Ltd has projected a relatively stagnant revenue outlook for 2025, estimating $80-100 million, which is not significantly higher than 2024 figures. Reports indicate a notable decrease in gross margins for Q4 2024, primarily attributed to reduced contributions from Independent Power Producer (IPP) and Development Services Agreement (DSA) activities compared to project development revenues. Additionally, the company's advanced-stage solar pipeline saw a 4% quarter-over-quarter decline, coupled with a substantial 42% quarterly drop in IPP revenue, indicating ongoing challenges in project approvals and execution, thereby contributing to a negative financial outlook.
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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