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home / articles / SOL - Why Construction Engineering Company Emeren Shares Are Sinking Today | Benzinga

SOL - Why Construction Engineering Company Emeren Shares Are Sinking Today | Benzinga

Renesola Ltd. ADR

Emeren Group Ltd (NYSE: SOL) shares are trading lower by over 9% after the company reported Q3 FY23 results.

Revenue of $13.95 million, missing the consensus of $28.29 million.

The revenue declined 42% Y/Y, mainly due to the timing of the final government approval for a 53 MW solar NTP project portfolio in Hungary.

However, the company benefited from the IPP assets, mainly the 50 MW UK Branston ...

Full story available on Benzinga.com
Stock Information
Company Name: Renesola Ltd. ADR
Stock Symbol: SOL
Market: NYSE
Website: renesolapower.com
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