STAMFORD, Conn., Aug. 1, 2024
/PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company")
(www.emeren.com) (NYSE: SOL), a leading global solar project
developer, owner, and operator, today announced that it has filed
its delayed Annual Report on Form 10-K for the fiscal year ended
December 31, 2023. This filing
represents the Company's first 10-K submission following its
transition from a foreign issuer to a domestic issuer. The Form
10-K for 2023 is available on the Investor Relations section of
Emeren Group Ltd's website at https://ir.emeren.com/.
In the recently filed Form 10-K, the Company reported foreign
exchange gains of approximately $5.9
million and a net loss of $3.2
million for the full year 2023. These amounts differ
from the preliminary unaudited Fourth Quarter and Full Year 2023
results reported on March 28,
2024. The variance was due to differences of unrealized
foreign exchange gains. The final figures reported today
represent treatment consistent with the Company's audited
historical treatment of foreign exchange gain/losses.
About Emeren Group Ltd
Emeren Group Ltd (NYSE: SOL), a renewable energy leader,
showcases a comprehensive portfolio of solar projects and
Independent Power Producer (IPP) assets, complemented by a
significant global Battery Energy Storage System (BESS) capacity.
Specializing in the entire solar project lifecycle — from
development through construction to financing — we excel by
leveraging local talent in each market, ensuring our sustainable
energy solutions are at the forefront of efficiency and impact. Our
commitment to enhancing solar power and energy storage underlines
our dedication to innovation, excellence, and environmental
responsibility. For more information, go
to www.emeren.com.
Safe Harbor Statement
This press release contains statements that constitute
''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. Whenever you
read a statement that is not simply a statement of historical fact
(such as when the Company describes what it "believes," "expects"
or "anticipates" will occur, what "will" or "could" happen, and
other similar statements), you must remember that the Company's
expectations may not be correct, even though it believes that they
are reasonable. The Company does not guarantee that the
forward-looking statements will happen as described or that they
will happen at all. Further information regarding risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements is included in the
Company's filings with the U.S. Securities and Exchange Commission,
including the Company's annual report on Form 10-K. The Company
undertakes no obligation, beyond that required by law, to update
any forward-looking statement to reflect events or circumstances
after the date on which the statement is made, even though the
Company's situation may change in the future.
For investor and media inquiries, please contact:
Emeren Group Ltd
Suzanne Wilson
+1 (510) 631 6550
Suzanne.wilson@emeren.com
Emeren Group Ltd - Investor Relations
ir@emeren.com
The Blueshirt Group
Gary Dvorchak
+1 (323) 240-5796
gary@blueshirtgroup.co
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SOURCE Emeren Group Ltd
