Earnings season continues, triggering three large gains and one massive loss in these pure-play alternative energy companies.
|EnerNOC shoots up 25% on a mixed earnings report. Revenues are up, though the company still has a $8.9 million net loss. Both revenues and net income come in ahead of analyst expectations, and guidance going forward stays steady. ENOC is still 56% below its highs of 2014.||Reuters|
|First Solar is up 15% in two days after an extremely upbeat earnings release. Revenues are almost double the previous quarter, and are up 65% year-over-year. EPS came in positive, beating analyst expectations by 90%. FSLR is still down 25% for the year, but the stock is worth more than four times what it was when it reached its lows in 2012.||Market Watch|
|Smart gird company Silver Spring Networks jumps up 15% after announcing better than expected earnings. Revenues are up 8.6% year-over-year, and EPS remain positive. SSNI is now up 30% for the year.||Zacks|
|SunEdison drops 25% on historic volume after releasing a negative earnings report. EPS came in at -$0.93/share, way below analysts’ estimates of -$0.55. SUNE has crashed down 47% since its 7-year high reached in June 2015.||SEC filing|
Remember to always consult with your investment professional before making important financial decisions.