Event-Driven Stocks

Emeren Group Ltd

SOL

Utilities · Electric & Other Services Combined · D8 · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 2 good● 5 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY24FY23FY22
Revenue$92.1M$105.6M$61.3M
Operating income−$504,000−$8.7M−$2.6M
Net income−$12.5M−$3.2M−$4.7M
Total assets$447.6M$478.4M$493.9M
Total liabilities$109.5M$115.0M$105.2M
Equity$300.5M$325.3M$347.3M
EPS (diluted)$-0.24$-0.06$-0.07
Shares out.512.2M546.2M602.7M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2024
Operating margin
−0.5%
Net margin
−13.6%
Return on equity
−4.2%
Return on assets
−2.8%
Return on capital (ROCE)
−0.1%
Liabilities / assets
24.5%
Debt / equity
0.36×
Book value / share
$0.59
Revenue growth (YoY)
−12.9%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2024
Altman Z″ (distress)
1.65grey zone
Accruals / assets
−1.8%clean
Beneish M-Score
-2.91normal
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
42
/ 100
Profitability 0Growth 0Catalyst 67Earnings quality 67Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 5 warning● 2 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Altman Z″ in the grey zone
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
Nov 28, 2025829,2304.8-4.2%
Nov 14, 2025865,8735.9+0.5%
Oct 31, 2025861,6055.8+0.8%
Oct 15, 2025854,3983.8-2.2%
Sep 30, 2025873,7585.3-2.0%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (3)