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Why Solar Energy Stocks are Jumping on Tuesday

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Madeleine Johnson
·2 min read
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Some of the biggest names in the solar energy market are surging on Tuesday. SolarEdge Technologies SEDG, Enphase Energy ENPH, and Blink Charging BLNK were all up 19.3%, 12.5%, and 13.4%, respectively, in midday trading.

What sent these stocks higher?

Well, a few things. SolarEdge just posted blowout second quarter earnings of $0.97 per share and revenue of $331.8 million that also handily beat expectations. Plus, its Q3 guidance is much better than analysts’ previous forecasts.

These numbers are a good sign for Enphase, which reports earnings today.

Another thing driving these stocks is news from Blink. It recently announced a deal with real estate services firm Cushman & Wakefield CWK to market and potentially deploy Blink’s level 2 fast-charging stations.

Overall, investors are optimistic about solar energy stocks and shares are up as a result.

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Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report
 
SolarEdge Technologies, Inc. (SEDG) : Free Stock Analysis Report
 
Cushman Wakefield PLC (CWK) : Free Stock Analysis Report
 
Blink Charging Co. (BLNK) : Free Stock Analysis Report
 
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