The energy sector is reporting the largest earnings decline of all eleven sectors at -51.4%, much worse than the S&P 500 average at -5.2%.
The clean energy sector has posted more positive results, but not without some notable stinkers.Q2 GAAP EPS of $1.59, beating the Wall Street consensus by $0.65 while revenue of $811M beat by $91.59M. The company also provided a healthy full-year outlook, with Net Sales expected to fall in the $3.4B to $3.6B range, considerably better at the midpoint than the analysts average at $3.46B while EPS is expected to clock in at$7.00 to $8.00 vs $7.24 consensus.
a week ago. Although the company’s second quarter revenue of $590.19M missed the Wall Street estimate by $40.89M, the market has decided to overlook it after Q2 EPS of $0.25 came in much better than the consensus of -$0.39. Analysts at Janney have upgraded Sunrun to Buy from Neutral with a $32 price target, good for 90% upside. The analysts have cited Sunrun’s"
operationally solid quarter, beating customer additions expectations and reiterating its stance for continued margin expansion over the next few quarters. " They have also noted that the company is gaining market share from small and large competitors thanks to its differentiated product offering.impressive quarterly scorecard
, with Q2 revenue of $50.6M beating by $20.89M while Q2 GAAP EPS of -$0.08 beat by $0.10. EVgo has reported that network throughput hit a record 24.9 gigawatt-hours, good for a 147% Y/Y increase while total network utilization was in the double digits.. The solar inverter manufacturer has reported revenue of $991.29M missing estimates by $4.6M while Q2 Non-GAAP EPS of $2.79 beat by $0.23.
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