BUZZ-Emeren Group rises after beating Q2 revenue estimates

Reuters
2024.08.20 13:02
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Shares of renewable energy firm Emeren Grouprise ~5% to $1.69 premarketCo posts Q2 revenue of $30.1 mln, beating estimates of $21.1 mln - LSEG dataSOL reaffirms full-year revenue outlook to be in the range of $150 to $160 mln, well above analysts’ estimates of $139.9 mlnCo also reaffirms 2024 profit forecast of $22 mln vs analysts’ expectations of $16.2 mlnAs of last close, stock is down 41% YTD

Shares of renewable energy firm Emeren Group (SOL.N) rise ~5% to $1.69 premarket

Co posts Q2 revenue of $30.1 mln, beating estimates of $21.1 mln - LSEG data

SOL reaffirms full-year revenue outlook to be in the range of $150 to $160 mln, well above analysts’ estimates of $139.9 mln

Co also reaffirms 2024 profit forecast of $22 mln vs analysts’ expectations of $16.2 mln

As of last close, stock is down 41% YTD

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