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Solar Energy Stocks Surge After SolarEdge Earnings

Tiger Newspress11-05

Solar energy stocks surged in morning trading. SolarEdge rose 22%; Canadian Solar rose 18%; JinkoSolar rose 9%; NEXTracker and Array Technologies rose 6%; Enphase Energy and First Solar rose 5%; Sunrun rose 4%.

SolarEdge reported third quarter EPS of $-0.31, $0.10 better than the analyst estimate of $-0.41. Revenue for the quarter came in at $340.21M versus the consensus estimate of $330.29M.

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Comment1

  • Nursebobby
    ·11-05
    Where they gonna store all that excess energy during the day??? Maybe $Eos Inc.(EOSE)$  can be a solution???
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