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@kewur 1 month ago

Recap of Q3 renewable energy earnings: Bloom beats while Blink and Generac miss

Recap of Q3 renewable energy earnings: Bloom beats while Blink and Generac miss

Most renewable energy stocks tracked reported satisfactory Q3 results, with group revenues beating estimates by 5.8% on average. Guidance for next quarter was mostly in line. **Bloom Energy (BE)** Revenue up 57% YoY to $519 million, beating expectations by 23%. They also beat EPS estimates. Stock is up 25% since the report. **Blink Charging (BLNK)** Revenue up 7% to $27 million but missed analyst estimates by nearly 10%. Stock is down 42% since reporting. **Generac (GNRC)** Revenue down 5% to $1.11 billion, missing estimates by 6.6%. Weakness in residential revenue contributed to the miss. Stock is down 15%. **Enphase (ENPH)** Revenue up 8% to $410 million, beating expectations by 12%. Strong beat on EPS as well. Stock is down 4%. **American Superconductor (AMSC)** Revenue up 21% to $66 million, missing estimates by 2%. Despite the growth, the stock is down 48% since the results came out.
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@ProduceCut309 1 month ago

Mixed bag for renewables, clear execution winners like BE getting rewarded, while misses and weak end-markets are still being punished hard. Fundamentals matter more than the theme right now.