Emeren rises after sale of solar project portfolio to Trina Solar
** Shares of U.S.-based solar firm Emeren Group SOL.N rise 8.79% to $2.60
** Co announces sale of a 57 megawatt peak solar project portfolio to a French subsidiary of Trina Solar International System Business Unit
** Portfolio includes five projects, two of which were sold in Q3 2024, along with three mid-stage projects to be monetized in milestones and sold to Trina
** "The value of this specific sale was not disclosed, but I estimate it to be $20 to $30 million. For some perspective, the company's revenue in Q2 2024 was $30 mln, so this is a financially needle-moving sale," says Pavel Molchanov, analyst at Raymond James
** Including session's moves, stock down 4.76% YTD
Reporting by Pooja Menon in Bengaluru
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