Emeren Group Ltd (SOL) Shareholder/Analyst Call Prepared Remarks Transcript
Smart investors know that you don't need to swing at every pitch. Sometimes, simply parking a modest sum in the right play before the crowd arrives can reap outsize rewards.
Wall Street's investment moods might change faster than a beach playlist, but one pattern rarely fails: When fresh institutional money turns up, it chases utility, not memes.
The battle between rival cryptocurrencies Solana (SOL -6.55%) and Ethereum (ETH -3.62%) is heating up, and, at least for now, it seems the latter coin is on the back foot.
Emeren Group Ltd (NYSE:SOL ) Q4 2024 Earnings Conference Call March 13, 2025 5:00 PM ET Company Participants Gary Dvorchak - MD, The Blueshirt Group Yumin Liu - CEO Ke Chen - CFO Conference Call Participants Philip Shen - Roth Capital Partners Sameer Joshi - H.C. Wainwright Operator Hello, ladies and gentlemen, thank you for standing by for Emeren Group Limited Fourth Quarter 2024 Earnings Conference Call.
With the price of Solana (SOL) falling to nearly $163 on Feb. 18, investors are right to assume it'll take a powerful cocktail of catalysts and new tailwinds to send its price back up toward $300. Something like a totally new category of cryptocurrency investments finding its home on the chain would probably do the trick.
Few asset classes have created millionaires faster than crypto. Known for their explosive volatility , these digital assets have allowed retail investors to trounce benchmarks like the NASDAQ Composite and S&P 500.
Since January 2023, Bitcoin (BTC -2.22%) is up a mind-blowing 533%. That includes triple-digit returns in 2024, when Bitcoin was the best-performing asset in the world, and it wasn't even close.
Cryptocurrencies are back in vogue. The entire industry's market cap sits just under $3.5 trillion (as of Jan. 28), with investors adopting a risk-on approach.
In the evening of Jan. 17, then President-elect Donald Trump took an action that's one of the largest green flags possible for the future of the Solana (SOL 1.95%) blockchain and its merits as a cryptocurrency.
After a run-up of more than 160% during the past three years, Solana's (SOL 9.11%) price is near $270 (as of Jan. 22). But, there's a solid set of arguments for why it can go much higher -- perhaps even as high as $500 or more, and perhaps as soon as before the end of the year.
Solana (SOL -1.08%) was losing ground in Thursday trading, having dropped by 3.2% over the previous 24 hours as of 12:15 p.m. ET. Over the same period, Bitcoin was up 0.5% and Ethereum was down 1.5%.