7.16 0.00 (0.00%)
After hours: 5:02PM EST
|Bid||6.70 x 1000|
|Ask||7.48 x 100|
|Day's range||6.88 - 7.20|
|52-week range||5.84 - 11.70|
|PE ratio (TTM)||N/A|
|Earnings date||7 May 2018 - 11 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8.28|
SolarEdge reported earnings that beat on the top and bottom lines and guided materially above the consensus estimate.
It was the best of times for SolarEdge Technologies (SEDG), it was the worst of times for SunPower (SPWR). The two solar stocks went in different directions on Thursday after posting earnings, with SolarEdge stock jumping 22% to $45.05 at 2:35 p.m. today even as SunPower fell 4.6% to $7.14.
Shares of solar energy technology provider SunPower (SPWR) were halted after market close, just before the company reported Q4 results that topped expectations, but missed by a wide margin with its outlook for this quarter, and the full year, citing regulatory challenges, sending its shares down over 9%. In prepared remarks, CEO Tom Werner said recent regulations of renewable energy, the “201 solar tariff decision,” was having a “negative near-term impact from the ruling” by driving up costs via import tariffs, leading to delays in some projects, or making some “uneconomical." Werner said the company is putting a $20 billion U.S. expansion on hold while it reviews its “cost structure,” seeking to “materially lower our operating expenses across the company." However, during this evening’s conference call with the Street, Werner said the company is pursuing an “exclusion” from the regulations, a process that takes 30 days to file, then 30 days to get comments.
The San Jose, California-based company said it had a loss of $4.07 per share. Earnings, adjusted for one-time gains and costs, came to 25 cents per share. The results topped Wall Street expectations. The ...
SunPower Corp. late Wednesday said it has put on hold a $20 million plan to expand its workforce in the U.S. and is considering "other significant cost saving initiatives" to lower its expenses ...
SolarEdge Technologies and SunPower are set to report fourth-quarter earnings after the market close Wednesday.
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Coverage of solar stocks was initiated by Credit Suisse, including market leader First Solar, during a disruptive time in the alternative energy industry.
While it's no surprise First Solar and SunPower found a buyer for their yieldco, investors could be stunned that the deal price is below where the market valued it.
Asset manager Capital Dynamics said on Monday it would acquire a joint venture company of solar power developers First Solar Inc and SunPower Corp for about $976.6 million. The joint venture, 8point3 Energy ...
President Donald Trump's decision to impose tariffs on cheap imported panels was intended to protect American manufacturing jobs, but many in the solar industry have argued that tariffs will raise costs and trigger thousands of layoffs in the installation end of the industry. SunPower, which is based in San Jose, California, but does most of its manufacturing in the Philippines and Mexico, will be hit harder than most in the industry by the announced 30 percent tariff on imported solar modules, Chief Executive Tom Werner said in an interview.
Earlier this week, the Trump administration approved tariffs as high as 30% on imported solar panels and cells to the United States. The tariffs will be in effect for four years, declining in increments of 5%, starting from 30% in the first year, while coming down to 15% in the final year