News Formal

Array Technologies' Guidance Shows More Pain for Solar Stocks

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Shares of the solar tracking solutions company are on pace for their worst day in more than two years.

Array Technologies stock cratered Wednesday as the company’s weaker-than-expected outlook reflected the solar energy industry’s continued challenges.

Array said Tuesday evening it expects full-year revenue between $1.525 billion and $1.575 billion, below the Wall Street estimate for $1.622 billion, according to FactSet. The broader solar industry has been having a tough time lately, largely thanks to high interest rates, which have made it more challenging for consumers to finance solar installations. This year, Array shares have fallen 26%—including Wednesday’s drop—while First Solar is off 8.4%, and SunRun has fallen 58%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Rivian, Robinhood, Upstart, Toast, Array, Kyndryl, Sleep Number, and More Market MoversRivian raises production guidance, Robinhood's third-quarter revenue misses analysts' expectations, and Upstart posts a wider-than-expected quarterly loss.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Stocks making the biggest moves after hours: eBay, Extra Space Storage, Akamai Technologies and moreSee which stocks are posting big moves after the bell.
La source: CNBC - 🏆 12. / 72 Lire la suite »