Stock Alert: ENOC, FSLR, SSNI, SUNE
by Harris Roen Editor
Roen Financial Report
Friday, August 7, 2015
Today’s Alert:
EnerNOC, Inc (ENOC)
First Solar, Inc (FSLR)
Silver Spring Networks Inc (SSNI)
SunEdison Inc (SUNE)
Earnings season continues, triggering three large gains and one massive loss in these pure-play alternative energy companies.
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| 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 |
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| 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 |
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| 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 |
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| 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 |
DISCLOSURE
Individuals involved with the Roen Financial Report and Swiftwood Press LLC owned or controlled shares of SUNE. It is also possible that individuals may own or control shares of one or more of the underlying securities contained in the Mutual Funds or Exchange Traded Funds mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions. See Terms of Use for more information.
Remember to always consult with your investment professional before making important financial decisions.
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