Emeren gets takeover proposal, says CEO to step down; shares fall
ReutersMar 28, 2025 3:01 PM
Shares of U.S.-based solar firm Emeren Group SOL.N fall 1.7% to $1.64
Company forms special committee to evaluate a going-private proposal received on March 17
SOL did not disclose the name of its potential acquirer or the price, if any
Yumin Liu to step down as chief executive officer, effective April 30
SOL's board appoints Julia Xu as interim CEO, effective May 1, and initiates formal search for its next CEO
Company forecasts Q1 adjusted operating loss of $4 million
Including session's move, shares down 21.8% YTD
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