share_log

Emeren Group | 10-K: FY2024 Annual Report

SEC ·  Mar 25 16:58

Summary by Moomoo AI

Emeren Group reported FY2024 revenue of $92.1 million with gross profit of $24.1 million and a 26.2% gross margin. The company recorded a net loss of $11.6 million, impacted by $8.5 million in unrealized foreign exchange losses due to USD strength. DSA business revenue grew significantly to $19.0 million, representing 21% of total revenue with secured contracts covering over 2.8 GW of projects.The company successfully monetized approximately 200 MW of solar PV projects across multiple countries including Germany, France, Spain, Poland and the U.S., as well as over 1.3 GW of battery energy storage systems (BESS) projects primarily in Italy. The IPP segment generated $28.9 million in revenue, accounting for 31% of total revenue and 64% of gross profit, demonstrating strong recurring cash flows from operating assets totaling 293 MW of solar and...Show More
Emeren Group reported FY2024 revenue of $92.1 million with gross profit of $24.1 million and a 26.2% gross margin. The company recorded a net loss of $11.6 million, impacted by $8.5 million in unrealized foreign exchange losses due to USD strength. DSA business revenue grew significantly to $19.0 million, representing 21% of total revenue with secured contracts covering over 2.8 GW of projects.The company successfully monetized approximately 200 MW of solar PV projects across multiple countries including Germany, France, Spain, Poland and the U.S., as well as over 1.3 GW of battery energy storage systems (BESS) projects primarily in Italy. The IPP segment generated $28.9 million in revenue, accounting for 31% of total revenue and 64% of gross profit, demonstrating strong recurring cash flows from operating assets totaling 293 MW of solar and 54 MWh of storage capacity.Looking ahead, Emeren remains focused on its disciplined execution strategy and expanding presence in high-margin segments. The company's contracted DSA pipeline of over $84 million in future revenue and growing energy storage business position it well to capitalize on strong industry tailwinds. Management emphasized its commitment to leveraging core strengths in DSA, IPP and storage to drive sustainable growth and shareholder value.

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Doc 5

Doc 6

Doc 7

Doc 8

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
Comment Comment · Views 222

Recommended

Related Stocks Related Stocks
Symbol Mini Chart Price
Skycorp Solar Group
PN
3.270
Enphase Energy
ENPH
61.650
Spruce Power
SPRU
2.4700
Nextracker
NXT
43.150
First Solar
FSLR
127.320
Log In for the Full List
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Discussing
Chinese stock earnings surge: Will profit sustain the rally?
1. Which sectors are likely to be market highlights this season? 2. With the government's emphasis on technological innovation and sustaina Show More
Can strong earnings reports drive Chinese concept stocks to continue rising?
77%
23%
Bullish
Bearish
1532 votes
China's Two Sessions: Key Takeaways on Stock Price Movements Before and After the Meetings
On Tuesday, China's political leadership is convening at the Great Hall of the People in Beijing for the year's most significant event, known as the "Two Sessions." These closed-door meetings are the annual plenary sessions of both the National People's Congress and the Chinese People's Political Consultative Conference, typically held simultaneously in March. The sessions generally last for about ten days....