The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Emeren Group Ltd ADR shares valued at $22,056 were purchased by SHAH CAPITAL MANAGEMENT on Dec 19 ’24. At $1.77 per share, SHAH CAPITAL MANAGEMENT acquired 12,461 shares. The insider’s holdings grew to 18,818,236 shares worth approximately $33.5 million following the completion of this transaction.
Also, SHAH CAPITAL MANAGEMENT purchased 4,392 shares, netting a total of over 7,730 in proceeds. Following the buying of shares at $1.76 each, the insider now holds 18,805,775 shares.
Before that, SHAH CAPITAL MANAGEMENT had added 46,211 shares to its account. In a trade valued at $81,793, the CHAIRMAN bought Emeren Group Ltd ADR shares for $1.77 each. Upon closing the transaction, the insider’s holdings increased to 46,211 shares, worth approximately $33.47 million.
As published in a research note from Northland Capital on May 24, 2024, Emeren Group Ltd ADR [SOL] has been rated down from a Market perform to an Under perform. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late November. As of September 13, 2022, Northland Capital has initiated its “an Outperform” rating for SOL. Earlier on January 05, 2022, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for SOL stock which previously was a “a Neutral”.
Analyzing SOL Stock Performance
On last trading session,, Emeren Group Ltd ADR [NYSE: SOL] rose 2.89% to $1.78. The stock’s lowest price that day was $1.7399, but it reached a high of $1.85 in the same session. During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, Emeren Group Ltd ADR shares have dropped approximately -12.32%. Shares of the company reached a 52-week high of $2.2997 on 01/07/25 and a 52-week low of $1.0401 on 03/14/25.
Support And Resistance Levels for Emeren Group Ltd ADR (SOL)
According to the 24-hour chart, there is a support level at 1.7233, which, if violated, would cause prices to drop to 1.6667. In the upper region, resistance lies at 1.8433. The next price resistance is at 1.9067. RSI (Relative Strength Index) is 57.95 on the 14-day chart, showing neutral technical sentiment.
Is Emeren Group Ltd ADR subject to short interest?
Stocks of Emeren Group Ltd ADR saw a sharp steep in short interest on 2025-05-30 dropping by -0.16 million shares to 1.07 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 1.23 million shares. A decline of -14.75% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.58 of the overall float, the days-to-cover ratio (short ratio) decline to 7.58.
Which companies own the most shares of Emeren Group Ltd ADR (SOL)?
In terms of Emeren Group Ltd ADR share price expectations, FactSet research, analysts set an average price target of 2 in the next 12 months, up nearly 15.61% from the previous closing price of $1.73. Analysts anticipate Emeren Group Ltd ADR stock to reach 2 by 2025, with the lowest price target being 2. In spite of this, 1 analysts ranked Emeren Group Ltd ADR stock as Strong Buy at the end of 2025. On January 04, 2022, Raymond James assigned a price target of “a Strong buy” to the stock and upgraded coverage with a $12.50.
