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Emeren Group Ltd Buyback

OLI recorded this information on 2/12/2024

Company: Emeren Group Ltd
Buyback: SOL buyback
$Amount Authorized: $21,000,000
Buyback Details: Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that its Board of Directors has approved an accelerated stock repurchase (ASR) program of up to $10 million and could be completed by the end of March 2024. This ASR is incremental to the $11 million remaining authorization in Emeren's buyback program at the end of Q3 2023.

Emeren Group is a holding company. Through its subsidiaries, Co. is a solar project developer and operator. Co. develops and sells solar power projects or sells project SPVs (project development business), and owns and operates solar power projects and sells the electricity generated by its operated solar power plants (IPP business). In its Project Development Business, Co. has two basic project development models: Build-Transfer and Project Rights Sale. Co. primarily conducts its IPP business in China where it can sell electricity in gross metering or net metering. Co.'s Engineering, Procurement and Construction Business includes engineering design and procurement of solar modules.
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Company Name:  Emeren Group Ltd
Stock buyback:  SOL buyback
Website:  www.renesolapower.com
Sector:  Construction
Number of ETFs Holding SOL:  11
Total Market Value Held by ETFs:  $3.09M
 

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April 18, 2024    5:17 AM Eastern
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Strong Buy (3.50 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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