@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.
finance.yahoo.com
| Spotting Winners: Blink Charging (NASDAQ:BLNK) And Renewable Energy Stocks In Q3
@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.