Emeren Group rises on accelerated stock repurchase program

Emeren

12/02/2024 11:42

** Shares of solar project developer Emeren Group  SOL.N 
rise 4.5% to $1.86 premarket
    ** Board approves an accelerated stock repurchase (ASR)
program of up to $10 mln
    ** The ASR is incremental to the $11 mln remaining
authorization in Emeren's buyback program at end of Q3 2023
    ** Repurchase program could be completed by end of March
2024
    ** In 2023, SOL stock lost 39.6%

 (Reporting by Khushi Singh in Bengaluru)
 ((Khushi.Singh@thomsonreuters.com;))