Emeren Group Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Emeren Group Ltd (SOL) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Emeren Group Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 71M vs 20,725M combined for tracked competitors (0.3% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-12.7% annualized vs trailing 12 months), vs decelerating (-40.6%) for its tracked peer group.
- Growth: Emeren Group Ltd generated 20.7% revenue growth year over year in Q3 2025, vs 49.9% for its tracked competitors combined.
- Profitability: Its 22.4% net margin compares with 6.1% for the peer group.
- Peer revenue share: Emeren Group Ltd accounted for 0.5% of combined revenue among its tracked peer group, down from 0.6% a year earlier.
- Peer differentiation: Revenue per employee of $1.92M compares with $0.41M for the peer group (4.7x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SOL Sales vs. its Competitors, Q3 2025
Emeren Group Ltd reported revenue growth of 20.65 % year on year in Q3 2025, below its competitors' combined revenue growth of 49.89 %.
With a net margin of 22.36 %, Emeren Group Ltd achieved higher profitability than its competitors (6.11 %).
Emeren Group Ltd generated 0.50 % of the combined sales of its peer group, down from 0.62 % a year earlier.
Emeren Group Ltd vs. its Competitors, Q3 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Emeren Group Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Emeren Group Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Emeren Group Ltd's competitor groups requires a Commercial License.
For context: the Semiconductors industry grew revenue 45.2% year over year, combined, vs 20.7% for Emeren Group Ltd. Emeren Group Ltd's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Emeren Group Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Emeren Group Ltd | No | No | No | No |
| Competitors combined (8) | ||||
| Similar Growth & Profitability (8) | 12.50 % (1 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 75.00 % (6 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SOL Stock Performance relative to its Competitors
SOL Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Ascent Solar Technologies Inc | 282.9% | Outperformed |
| 2 | Enphase Energy Inc | 282.9% | Outperformed |
| 3 | Solaredge Technologies Inc | 282.9% | Outperformed |
| 4 | First Solar Inc | 282.9% | Outperformed |
| 5 | Beam Global | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Emeren Group Ltd's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Emeren Group Ltd's Comment on Competition and Industry Peers
Publicly Traded Peers of Emeren Group Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Emeren Group Ltd | 99.56 | 71.10 |
| First Solar Inc | 18,870.34 | 5,378.07 |
| Enphase Energy Inc | 4,332.81 | 1,399.16 |
| Sunrun Inc | 2,128.97 | 3,475.61 |
| Jinkosolar Holding Co ltd | 1,982.00 | 9,113.24 |
| Solaredge Technologies Inc | 1,945.51 | 1,332.28 |
| SUBTOTAL | 29,409.57 | 20,511.47 |
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Sources: Emeren Group Ltd's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Emeren Group Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Emeren Group Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Emeren Group Ltd | 100 | 1,921,622 | -777,892 |
| First Solar Inc | 18,870 | 680,768 | 221,014 |
| Enphase Energy Inc | 4,333 | 487,171 | 47,005 |
| Sunrun Inc | 2,129 | 383,664 | -105,802 |
| Jinkosolar Holding Co ltd | 1,982 | 379,718 | -26,485 |
| Solaredge Technologies Inc | 1,946 | 372,562 | -75,587 |
| PEERS TOTAL | 29,310 | 408,432 | -12,429 |
Emeren Group Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Emeren Group Ltd | CN 47.01 % |
| Enphase Energy Inc | United States 74.85 % |
| Jinkosolar Holding Co ltd | Europe 91.92 % |
| Solaredge Technologies Inc | US 50.92 % |
| Beam Global | US 53.47 % |
| Maxeon Solar Technologies Ltd | United States 63.04 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Emeren Group Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 109 companies in Emeren Group Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Emeren Group Ltd ranks #0 of 109 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,360, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Nvidia Corp | 5,602,793 | 44.19 % |
| 2 | Broadcom Inc | 1,783,853 | 14.07 % |
| 3 | Micron Technology Inc | 1,228,345 | 9.69 % |
| 4 | Advanced Micro Devices Inc | 1,008,329 | 7.95 % |
| 5 | Intel Corporation | 1,234 | 5.2% |
| 6 | Applied Materials Inc | 1,234 | 5.2% |
| 7 | Arm Holdings Plc | 1,234 | 5.2% |
| 8 | Texas Instruments Incorporated | 1,234 | 5.2% |
| 9 | Marvell Technology Inc | 1,234 | 5.2% |
| 10 | Analog Devices Inc | 1,234 | 5.2% |
| 0 | Emeren Group Ltd | 100 | 0.00 % |
Market cap and industry share for the rest of Emeren Group Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2025-12-12.
Emeren Group Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Semiconductors industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (153 companies). See the full Semiconductors industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 34.01 % | 34.38 % (avg) | -0.4 pp |
| Operating Margin | -46.90 % | industry median | -46.7 pp |
| EBITDA Margin | -26.44 % | 7.23 % (avg) | -33.7 pp |
| Capital Intensity (Capex / Revenue) | 15.65 % | 9.34 % (avg) | +6.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Emeren Group Ltd's Valuation vs Competitive Position
Valuation multiples vs the Semiconductors industry average (153 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Semiconductors industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 43.0x | - |
| EV / EBITDA | - | 22.6x | - |
| P/B | 0.3x | 6.5x | -6.2x |
| Return on Equity | -9.05 % | industry aggregate | -37.21 % |
| Return on Invested Capital | -4.58 % | -0.12 % (avg) | -4.46 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Emeren Group Ltd's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2015 | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -17.90 % | -91.97 % | -5.89 % | 22.92 % | -38.29 % | 8.38 % | - | -12.85 % |
| Operating Margin | 2.29 % | 6.37 % | 16.03 % | -0.81 % | 9.22 % | 15.88 % | -10.01 % | 1.78 % |
| Return on Invested Capital | 6.53 % | 2.33 % | 3.86 % | -0.25 % | 1.42 % | 1.28 % | -1.22 % | 0.21 % |
| P/E | - | 297.6x | - | - | 192.6x | 66.7x | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Emeren Group Ltd's Strategic Group Map
Every company in Emeren Group Ltd's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Emeren Group Ltd is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Emeren Group Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,360 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 15.65 % vs industry average 9.34 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Emeren Group Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Emeren Group Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Emeren Group Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Emeren Group Ltd falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Emeren Group Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 46.7 points below the industry median.
- Return on equity 37.2 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-12.7% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
Opportunities
- A meaningful share of tracked competitors (42.90 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Nvidia Corp, holding 44.19 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-40.6% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Emeren Group Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Emeren Group Ltd | 1.27 | 4.09 | 0.02 |
| First Solar Inc | 0.92 | 2.37 | 0.04 |
| Enphase Energy Inc | 0.43 | 2.24 | 1.03 |
| Sunrun Inc | 0.52 | 1.49 | 1.11 |
| Jinkosolar Holding Co ltd | 0.42 | 1.25 | 2.56 |
| Solaredge Technologies Inc | 0.57 | 2.12 | 0.77 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Emeren Group Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Emeren Group Ltd | Q3 2025 | +20.6 % | -38.9 % |
| First Solar Inc | Q2 2026 | -3.7 % | +23.6 % |
| Enphase Energy Inc | Q1 2026 | -20.5 % | - |
| Sunrun Inc | Q2 2026 | +52.8 % | - |
| Jinkosolar Holding Co ltd | Q4 2025 | +16,081.5 % | - |
| Solaredge Technologies Inc | Q2 2026 | +19.6 % | - |
| PEERS TOTAL | +247.6 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Emeren Group Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Emeren Group Ltd | Q3 2025 | -15.3 % | -63.5 % |
| First Solar Inc | Q2 2026 | -24.5 % | -44.0 % |
| Enphase Energy Inc | Q1 2026 | -2.7 % | +36.2 % |
| Sunrun Inc | Q2 2026 | - | +408.5 % |
| Jinkosolar Holding Co ltd | Q4 2025 | -18.6 % | -56.6 % |
| Solaredge Technologies Inc | Q2 2026 | -2.4 % | +559.4 % |
Emeren Group Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Emeren Group Ltd | - | - | - |
| First Solar Inc | 13.05% | 16.09% | 18.02% |
| Enphase Energy Inc | 4.24% | 5.11% | 13.28% |
| Sunrun Inc | - | - | - |
| Jinkosolar Holding Co ltd | - | - | - |
| Solaredge Technologies Inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Emeren Group Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Emeren Group Ltd | - | 1.40 |
| First Solar Inc | 10.80 | 3.51 |
| Enphase Energy Inc | 32.66 | 3.10 |
| Sunrun Inc | - | 0.61 |
| Jinkosolar Holding Co ltd | - | 0.22 |
| Solaredge Technologies Inc | - | 1.46 |
| PEERS AVERAGE | - | 1.43 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.