| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Several solar stocks including Sunrun Inc (NASDAQ:RUN), SolarEdge Technologies Inc (NASDAQ:SEDG) and Sunnova Energy International Inc (NYSE:NOVA) are trading lower in Tuesday’s after-hours session in sympathy with shares of Enphase Energy Inc (NASDAQ:ENPH), which fell after the company reported worse-than-expected quarterly results.
Enphase Energy’s U.S. revenue was down approximately 34% on a year-over-year basis in the first quarter, while revenues in Europe increased by approximately 70%.
“The decline in revenue for the first quarter of 2024 compared to the fourth quarter of 2023 was the result of seasonality and a further softening in U.S. demand, while we continued to reduce shipments to manage channel inventory,” the company said.
Enphase also issued weak guidance, which appears to be adding to the selling pressure after hours. The company guided for second-quarter revenue of $290 million to $330 million versus estimates of $350.706 million. Enphase shares were down approximately 8% at last check.
Check This Out: Tesla Q1 Earnings Highlights: EV Giant Misses Wall Street Estimates, Makes Cost Cuts, Invests In AI, Speeds Launch Of New Models
Sunrun, SolarEdge Technologies and Sunnova Energy are all scheduled to report quarterly results in early May.
Sunnova will report after the market close on May 1. Analysts are anticipating a loss of 73 cents per share on revenue of $194.778 million, according to Benzinga Pro.
Sunrun is due to report earnings after the market close on May 8. The company is expected to report a loss of 46 cents per share and revenue of $470.894 million.
SolarEdge is also scheduled to report earnings after the market close on May 8. Analysts are looking for a loss of $1.57 per share on revenue of $194.061 million.
See Also: Wall Street’s Most Accurate Analysts’ Views On 3 Energy Stocks With Over 3% Dividend Yields
RUN, SEDG, NOVA Price Action: At publication time, Sunrun shares were down 1.07% at $10.17 after hours, SolarEdge shares were down 2.22% at $55.39 and Sunnova shares were down 1.02% at $3.88, according to Benzinga Pro.
Photo: Andreas from Pixabay.
