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Some of the biggest names in the solar energy market are surging on Tuesday. SolarEdge Technologies (SEDG - Free Report) , Enphase Energy (ENPH - Free Report) , and Blink Charging (BLNK - Free Report) 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 - Free Report) 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.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Why Solar Energy Stocks are Jumping on Tuesday
Some of the biggest names in the solar energy market are surging on Tuesday. SolarEdge Technologies (SEDG - Free Report) , Enphase Energy (ENPH - Free Report) , and Blink Charging (BLNK - Free Report) 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 - Free Report) 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.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>