NYSE$SOL
Emeren Group Ltd-ADR · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Emeren Group's Q4 2023 financial performance reflected a significant increase in revenue year-over-year, but was impacted by project delays and one-time adjustments, resulting in a net loss.
Emeren Group's Q4 2023 saw a 71% year-over-year increase in revenue, reaching $44.0 million. However, the company experienced a net loss of $8.1 million, impacted by project delays, a $4.1 million adjustment to earnout revenue in Poland, and $5.0 million in write-offs. Despite these challenges, cash and cash equivalents increased to $70.2 million.
- Revenue increased by 71% year-over-year to $44.0 million.
- Gross profit was $3.3 million with a gross margin of 7.6%.
- Net loss was $8.1 million, or $0.15 per ADS.
- Cash and cash equivalents increased to $70.2 million.
Headline financials
Revenue & EPS history
Emeren Group · Revenue · Quarterly
$44M
Forward guidance
Emeren Group anticipates strong growth in 2024, driven by increasing demand for solar energy and supportive government policies. The company expects full-year revenue to be in the range of $150 million to $160 million, with a gross margin of approximately 30% and a net income of at least $26 million, or approximately $0.50 per ADS.
Tailwinds
- Expects 2024 full year revenue to be in the range of $150 million - $160 million.
- Expects gross margin to be approximately 30%.
- Expects net income to be at least $26 million, or approximately $0.50 per ADS.
- Anticipates 2024 IPP revenue to be between $24 million - $26 million and gross margin to be approximately 50%.
- Expects gross profit contributed by DSA globally to be at least $6 million.
Headwinds
- Results were below full-year guidance primarily due to delays in closing the sales of six projects in U.S. and Europe.
- Projects continued to face delays due to rising interest rates affecting financing terms.
- Utility-scale project delays stemming from transmission capacity challenges.
- Regulatory uncertainty in the U.S. and Europe.
- Q4 results impacted by several one-time items, including a $4.1 million adjustment to the earnout revenue at our 75 MW of projects in Poland as well as $5.0 million of write-offs of project cancellations and bad debt reserves.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q4 2023
-1.2%
Avg return
Earnings day
+1.5%
Avg return
5 days after
-1.1%
Avg return
30 days after
33%
20 / 60 earnings
Positive
+24.5%
Q2 2013
Best reaction
-33.3%
Q3 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | -0.5% | -2.2% | +4.9% | |
| Q2 2025 | +0.0% | +0.0% | +1.6% | |
| Q1 2025 | +10.3% | -1.8% | +13.3% | |
| Q4 2024 | -19.0% | +12.4% | -6.2% | |
| Q3 2024 | -7.7% | -7.9% | -13.3% | |
| Q2 2024 | +21.7% | +22.0% | +38.4% | |
| Q1 2024 | -6.3% | -10.7% | -28.8% | |
| Q4 2023 | +15.3% | +17.6% | -6.0% | |
| Q3 2023 | -16.2% | -12.4% | +6.4% | |
| Q2 2023 | -3.8% | +0.0% | -9.9% | |
| Q1 2023 | +3.2% | +7.1% | +11.5% | |
| Q4 2022 | +1.2% | +9.7% | +2.5% | |
| Q3 2022 | +12.5% | +4.3% | -3.4% | |
| Q2 2022 | -3.4% | +5.6% | -7.1% | |
| Q1 2022 | +3.7% | -6.9% | -2.0% | |
| Q4 2021 | -8.3% | -13.3% | -27.9% | |
| Q3 2021 | +4.7% | +2.2% | +7.5% | |
| Q2 2021 | -1.1% | — | — | |
| Q1 2021 | +17.4% | — | — | |
| Q4 2020 | -11.9% | — | — | |
| Q3 2020 | -21.6% | — | — | |
| Q2 2020 | -9.1% | — | — | |
| Q1 2020 | +7.0% | — | — | |
| Q4 2019 | -5.8% | — | — | |
| Q3 2019 | -3.8% | — | — | |
| Q2 2019 | +10.4% | — | — | |
| Q1 2019 | -7.9% | — | — | |
| Q4 2018 | +0.0% | — | — | |
| Q3 2018 | -9.0% | — | — | |
| Q2 2018 | -4.4% | — | — | |
| Q1 2018 | +7.6% | — | — | |
| Q4 2017 | -2.6% | — | — | |
| Q3 2017 | -4.0% | — | — | |
| Q2 2017 | -7.8% | — | — | |
| Q1 2017 | -2.8% | — | — | |
| Q4 2016 | -2.1% | — | — | |
| Q3 2016 | -3.0% | — | — | |
| Q2 2016 | -4.7% | — | — | |
| Q1 2016 | +11.4% | — | — | |
| Q4 2015 | -3.4% | — | — | |
| Q3 2015 | -3.7% | — | — | |
| Q2 2015 | -6.8% | — | — | |
| Q1 2015 | -7.7% | — | — | |
| Q4 2014 | +20.7% | — | — | |
| Q3 2014 | -15.1% | — | — | |
| Q2 2014 | -10.9% | — | — | |
| Q1 2014 | -5.9% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | -33.3% | — | — | |
| Q2 2013 | +24.5% | — | — | |
| Q1 2013 | -5.4% | — | — | |
| Q4 2012 | -7.9% | — | — | |
| Q2 2012 | -10.1% | — | — | |
| Q4 2010 | -1.7% | — | — | |
| Q4 2009 | -1.7% | — | — | |
| Q3 2011 | +17.0% | — | — | |
| Q1 2011 | -5.7% | — | — | |
| Q3 2010 | +1.5% | — | — | |
| Q2 2010 | +17.0% | — | — | |
| Q1 2010 | +3.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro