Emeren's Q3 Earnings In Line With Estimates, Revenues Fall Y/Y

Emeren Group Ltd.'s (SOL) share price dropped 4.5% to reach $1.91 on Nov. 15, following its latest quarterly release. Emeren reported an income per American Depositary Share of nine cents for the third quarter of 2024, which came in line with the Zacks Consensus Estimate. The figure reflects an improvement from the year-ago quarter's loss of 17 cents per share. SOL's Revenues Emeren's net revenues of$12.9 million declined 7.2% from $13.9 million reported in the year-ago period. The year-over-year deteriora ...