SOL - Bullish Move: SHAH CAPITAL MANAGEMENT Shows Confidence Acquires $1.41M In Emeren Group Stock | Benzinga
On December 13, SHAH CAPITAL MANAGEMENT, Director at Emeren Group (NYSE:SOL) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: MANAGEMENT's recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, involves purchasing 596,118 shares of Emeren Group. The total transaction value is $1,406,609.
The latest market snapshot at Wednesday morning reveals Emeren Group shares up by 0.86%, trading at $2.35.
Unveiling the Story Behind Emeren Group
Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.
Key Indicators: Emeren Group's Financial Health
Revenue Growth: Emeren Group's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -41.65%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than ...