Emeren Group Ltd Files Q2 2025 10-Q
| Field | Detail |
|---|---|
| Company | Emeren Group Ltd |
| Form Type | 10-Q |
| Filed Date | Aug 19, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, Emeren Group Ltd
TL;DR
Emeren Group Ltd (formerly ReneSola) filed its Q2 2025 10-Q, showing updated financials.
AI Summary
Emeren Group Ltd filed its 10-Q for the period ending June 30, 2025. The company, formerly known as ReneSola Ltd, is involved in the electric and other services industry. The filing provides financial data as of June 30, 2025, and includes details on retained earnings, additional paid-in capital, and treasury stock.
Why It Matters
This filing provides investors with the latest financial snapshot of Emeren Group Ltd, crucial for understanding its performance and financial health in the electric and services sector.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 06-30-2025 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 08-19-2025 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Emeren Group Ltd (company) — Filer of the 10-Q
- ReneSola Ltd (company) — Former name of Emeren Group Ltd
- June 30, 2025 (date) — End of the reporting period
- 20250819 (date) — Filing date
FAQ
What was Emeren Group Ltd's former name?
Emeren Group Ltd was formerly known as ReneSola Ltd, with a name change date of 20071108.
What is the fiscal year end for Emeren Group Ltd?
The fiscal year end for Emeren Group Ltd is December 31 (1231).
What is the Standard Industrial Classification code for Emeren Group Ltd?
The SIC code for Emeren Group Ltd is 4931, categorized under ELECTRIC & OTHER SERVICES COMBINED.
What is the business address listed for Emeren Group Ltd?
The business address is 149 WATER STREET, SUITE 302, NORWALK, CT 06854.
What specific financial statement components are listed for June 30, 2025?
The filing lists components such as TreasuryStockCommonMember, RetainedEarningsMember, ParentMember, NoncontrollingInterestMember, AdditionalPaidInCapitalMember, and AccumulatedOtherComprehensiveIncomeMember as of June 30, 2025.
Filing Stats: 4,531 words · 18 min read · ~15 pages · Grade level 17.7 · Accepted 2025-08-19 16:06:49
Filing Documents
- tmb-20250630x10q.htm (10-Q) — 2450KB
- tmb-20250630xex31d1.htm (EX-31.1) — 15KB
- tmb-20250630xex31d2.htm (EX-31.2) — 15KB
- tmb-20250630xex32d1.htm (EX-32.1) — 9KB
- 0001410578-25-001854.txt ( ) — 11068KB
- tmb-20250630.xsd (EX-101.SCH) — 78KB
- tmb-20250630_cal.xml (EX-101.CAL) — 89KB
- tmb-20250630_def.xml (EX-101.DEF) — 297KB
- tmb-20250630_lab.xml (EX-101.LAB) — 546KB
- tmb-20250630_pre.xml (EX-101.PRE) — 462KB
- tmb-20250630x10q_htm.xml (XML) — 2214KB
Forward-Looking Statements
Forward-Looking Statements ii PART I. FINANCIAL INFORMATION 1 Item 1.
Financial Statements
Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets 1 Unaudited Condensed Consolidated Statements of Operations 3 Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) 4 Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity 5 Unaudited Condensed Consolidated Statements of Cash Flows 6 Notes to Unaudited Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 38 Item 4.
Controls and Procedures
Controls and Procedures 38 PART II. OTHER INFORMATION 39 Item 1.
Legal Proceedings
Legal Proceedings 39 Item 1A.
Risk Factors
Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 3. Defaults Upon Senior Securities 42 Item 4. Mine Safety Disclosures 42 Item 5. Other Information 42 Item 6. Exhibits 43
Signatures
Signatures 44 i Table of Contents
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS Some of the statements contained in this Quarterly Report on Form 10-Q of Emeren Group Ltd (hereinafter referred to as "Emeren Group Ltd", "we", "our", or the "Company") are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995 (the "PSLRA"). All statements other than statements of historical fact included in this Form 10-Q, including statements regarding the Company's future financial condition, results of operations, plans, objectives, expectations, future performance, business operations or business prospects, are forward-looking statements. Words such as "believes," "expects," "anticipates," "will," "could," "plans, "estimates," "predicts," "goals," "should," "will," "could," "would," "may," forecast," "seeks," and other similar expressions and variations of such words are intended to identify forward-looking statements and are included, along with this statement, with the intention these forward-looking statements be covered by the safe harbor provisions for forward-looking statements contained in the PSLRA. Forward-looking statements are neither historical facts, nor assurances of future performance. Instead, such statements are based only on our beliefs, expectations and assumptions regarding the future, which may not prove to be accurate, and are subject to known and unknown risks and uncertainties, many of which are outside of our control. These risks and uncertainties could cause actual events or results to differ materially from our historical experience and management's present expectations or projections. These risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 25, 2025, as amended by the Annual Report on Form 10-K/A filed with the SEC on
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS EMEREN GROUP LTD UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts expressed in U.S. dollars in thousands, except for number of shares and per share amounts) As of Notes June 30, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents 2 $ 46,642 $ 50,012 Restricted cash 2 1,715 — Accounts receivable trade, net 3 16,483 21,121 Accounts receivable unbilled, net 3 47,068 41,330 Advances to suppliers 2 622 568 Value added tax recoverables 9,539 8,005 Project assets, current 5 46,993 54,267 Prepaid expenses and other current assets, net 4 18,427 16,085 Total current assets 187,489 191,388 Property, plant and equipment, net 6 177,423 194,839 Project assets, non-current 5 27,956 14,444 Operating lease, right-of-use assets 16 18,583 19,931 Finance lease, right-of-use assets 8 4,529 4,574 Other non-current assets 3 26,884 22,390 Total assets $ 442,864 $ 447,566 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 1 Table of Contents EMEREN GROUP LTD UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Continued) (Amounts expressed in U.S. dollars in thousands, except for number of shares and per share amounts) As of Notes June 30, 2025 December 31, 2024 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 5,400 $ 11,892 Advances from customers 2 5,383 5,042 Amounts due to related parties 15 2,943 4,028 Long-term borrowings, current 8 2,575 1,181 Income tax payable 7 1,141 606 Salaries payable 1,368 1,265 Operating lease liabilities, current 16 544 659 Failed sales-leaseback and finance lease liabilities, current 8 5,640 5,014 Other current liabilities 9 19,203 19,831 Total current liabilities 44,197 49,518 Long-term borrowings, non-current 8 40,009 23,515