Emeren Group Reports Q3 Profit Despite Lower Revenues

Emeren Group reported a third-quarter net profit of USD 4.8 million (EUR 4.5 million), a turnaround from the USD 9.4 million loss in the same period last year, largely driven by a foreign exchange gain. Despite lower-than-expected revenues, which declined by 8% year-over-year and 57% sequentially to USD 12.9 million, Emeren returned to profitability. The