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Solar company Emeren gets takeover proposal, says CEO to step down
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Solar company Emeren gets takeover proposal, says CEO to step down
Mar 28, 2025 3:36 AM

March 28 (Reuters) - Renewable energy company Emeren ( SOL )

said on Friday it has formed a special committee to

evaluate a buyout proposal it received earlier this month.

The company did not disclose the name of its potential

acquirer or the price, if any. It had a market capitalisation of

$83.14 million as of Thursday's close.

Emeren ( SOL ) also said CEO Yumin Liu would step down effective

April 30 and that Julia Xu would be interim CEO until a

successor was named.

The solar project developer added that it expects an

adjusted operating loss of about $4 million for the first

quarter and that it expects to report full results in mid-May.

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