|Bid||33.25 x 900|
|Ask||33.75 x 2200|
|Day's Range||33.17 - 34.48|
|52 Week Range||3.70 - 35.11|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||347.92|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.13|
For us, stock picking is in large part the hunt for the truly magnificent stocks. Not every pick can be a winner, but...
Canadian Solar (CSIQ) posts better-than-expected results for second-quarter 2019. Additionally, the company raises its full-year shipment view.
Canadian Solar's (CSIQ) Q2 results are likely to gain from solid product sales, higher volume of module sales and stable average selling price.
Solar stocks started last week significantly lower due to increased trade war concerns. The solar energy space is one of the hottest sectors this year.
(Bloomberg) -- The most profitable corner of the booming U.S. solar industry isn’t making -- or even installing -- panels. It’s building the components that keep electricity flowing to the power grid.They’re called inverters, and the two companies that make the vast majority of premium ones in the U.S. reported their highest revenue ever in the second quarter, propelling their shares to record levels. Enphase Energy Inc., has gone from trading at less than a dollar to ranking among the world’s most valuable solar stocks with a market capitalization of $3.8 billion. Its slightly larger rival, SolarEdge Technologies Inc., has rallied 129% this year. Enphase gained another 2.6% at 11:55 a.m. in New York. SolarEdge was little changed.The systems Enphase and SolarEdge supply are crucial to making solar power work. Panels produce direct-current electricity that needs to be converted to alternating current so it can be carried into homes or sent to local power grids. That’s what inverters do. The ones Enphase and SolarEdge make are so specialized and cost-effective to manufacture that the companies have bigger margins than most other segments of the solar business.“They’re better than anything in the industry,” said Jeffrey Osborne, an alternative energy analyst at Cowen & Co. “There’s nothing out there that I’ve seen that can compete” in terms of profitability.SolarEdge reported record revenue of $325 million and profit that beat analyst’s estimates. Its shares jumped 25% to close at $80.30 on Tuesday. Last week, Enphase posted $134 million in revenue, up 77% from a year earlier, and said third-quarter sales may total as much as $180 million.The two companies supplied 89% of the total U.S. market for module-level inverters last year, according to Wood Mackenzie Power & Renewable analyst Lindsay Cherry. They’ve kept their edge in the U.S. even as China’s Huawei Technologies Co. and Sungrow Power Supply Co. dominate the global market. That’s in part because Huawei canceled plans earlier this year to enter the U.S. market after lawmakers suggested a ban on their technology.Both SolarEdge and Enphase gave earnings projections that beat analysts’ estimates as demand for solar rebounds. Wood Mackenzie Power & Renewables and the Solar Energy Industries Association projected that photovoltaic capacity installations in the U.S. would rise 14% in 2019 after a two-year slowdown. A global index of solar stocks maintained by Bloomberg has surged almost 30% in 2019 after declining in four of the previous five years.Fraction of the CostInverters represent just a fraction of the total cost of a rooftop solar system. For a typical $15,000 panel installation, an inverter may price at about $1,500. But they’ve proven to be the source of many breakdowns, and buyers have grown comfortable with the quality of Enphase and SolarEdge products, Osborne said.The type of “smart” inverters that Enphase and SolarEdge make has also given them a leg up. These components isolate issues on an individual panel so they don’t affect the output of an entire system. And they can be easier to integrate with batteries, an attractive proposition for installers trying to sell solar-plus-battery combinations.The biggest threat facing the two manufacturers may be each other. “Investors have been fiercely debating whether Enphase is taking or will take market share from SolarEdge in the U.S.,” Philip Shen, an analyst at Roth Capital Partners, said in a research note. He went on to say, “We believe the global growth of distributed solar is big enough for both.”(Updates shares in third paragraph.)To contact the reporter on this story: Christopher Martin in New York at email@example.comTo contact the editors responsible for this story: Lynn Doan at firstname.lastname@example.org, Joe RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
SolarEdge Technologies (SEDG) reported its second-quarter earnings on Tuesday. The company reported an EPS of $0.94 for the quarter ending June 30.
Among the top solar stocks, First Solar broke below its 50-day moving average level, which might open a new downside for the stock in the short term.
SolarEdge Technologies (SEDG) second-quarter 2019 results are likely to benefit from the growing commercial and residential solar installations in the United States.
Enphase Energy, Inc. (ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, today announced that over 5,300 homeowners have joined the Enphase Upgrade Program, a service program that gives homeowners several options for upgrading to the latest, more efficient and reliable microinverters from Enphase. Participation in the Enphase Upgrade Program is entirely voluntary, and Enphase continues to stand by its warranties for existing products in the field. The Enphase Upgrade Program is a close collaboration between Enphase, homeowners and solar installation contractors in North America.
Enphase Energy (ENPH) stock skyrocketed more than 30% after the company reported record second-quarter earnings, closing at an all-time high of $28.15.
Here are four stocks in technology and solar energy that have broken out on earnings. Enphase Energy (ENPH) popped $6.50, or 30%, to $28.15 on 22.2 million shares Wednesday. On Tuesday the supplier of solar power microinverters released favorable second-quarter financial results.
Today we'll evaluate Enphase Energy, Inc. (NASDAQ:ENPH) to determine whether it could have potential as an investment...