This stock no longer trades (delisted December 15, 2025)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Emeren Group

SOL

Solar · Energy

Exchange

United States

Winston Score

Historical score — this stock no longer trades, so the score is frozen at the last available data.

Data as of Aug 23, 2026 · filings through Sep 30, 2025

How the score breaks down

Quality

Good

Growth

Weak

Cash Flow

Mixed

Stability

Good

Valuation

Strong

Winston Score History

The full picture

Emeren Group is a Chinese-founded solar energy company that develops, builds, and sells solar power projects around the world. Its main business is creating solar farms — large fields of solar panels that generate electricity — and then selling those completed projects to investors or utilities. The company also keeps some projects and earns money from the electricity they produce over time.

Emeren makes money two ways: selling finished solar projects in one-time deals and collecting ongoing revenue from projects it continues to own and operate. It works mainly in Europe, North America, and parts of Asia, with a growing focus on markets like Italy, Germany, and the United States. The company is relatively small, and its heavy operating losses show it spends significantly more than it earns right now. The key risk is that project development is lumpy and unpredictable — revenue can swing sharply depending on how many projects close in a given year.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+21.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-28.4% YoY

YoY Growth Rate

Earnings declining

Insider Activity

0.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$85M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Emeren Group is a rare growth stock that's already generating positive cash flow while growing at 22%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

60.8%

Premium pricing power — 60.8% gross margin

Profit after running costs

Operating Margin

43.6%

Excellent — 43.6% operating margin

Return on the money invested

ROCE

-9.9%

Weak — -9.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-30.5%

Shrinking sales (-30.5% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

47.4%

Converts sales into free cash efficiently (47.4%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.16

Conservative — low debt load (0.16)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

15.4x

no trend

Fair value — P/E 15.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+5.9

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (15.4 → 9.5)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial