Clean Energy Earnings: A Few Stinkers Sour Sentiment | OilPrice.com

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Publicly owned energy company launched in WalesYnni Cymru will be based on Anglesey and the Welsh government hopes it will expand community-owned renewable energy initiatives.
Source: SkyNews - 🏆 35. / 67 Read more »