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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 07:21 EDT
Barclays analyst Moses Sutton raised the firm's price target on Sunrun to $26 from $21 and keeps an Overweight rating on the shares. If Sunrun is letting Sunnova Energy (NOVA) and SunPower (SPWR) "battle it out" while focusing more on its direct business, "it looks like the rational, level-headed play," Sutton tells investors in a research note after sifted through California data.
News For RUN;NOVA;SPWR From the Last 2 Days
Aug 3, 2021 | 19:10 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGSCerus... To see the rest of the story go to See Story Here
Aug 3, 2021 | 16:12 EDT
Sees Q3 GAAP net loss of $10 to $0 million and MW recognized of 125 MW to 150 MW. Third quarter Adjusted EBITDA will be in the range of $21 to $31 million as linearity has significantly improved compared to the previous two years.
Aug 3, 2021 | 16:11 EDT
Reports Q2 revenue $308.9M, consensus $327.31M. "Consumer demand for better, more resilient energy is increasing and with more than 100 million homes in the U.S. that could benefit from solar and storage, we see a significant opportunity to meet that demand," said Peter Faricy, CEO of SunPower. "To lead in customer adoption and growth we are focused on delivering world class customer experiences and continuing to invest in strategic priorities that will make solar easy, reliable and affordable. We believe this long-term strategic approach will position SunPower as a leader as the market continues to expand." "Our solid second quarter results reflect continued execution in both our residential and commercial businesses as year over year megawatts grew 40 percent and we doubled our gross margin per watt," said Faricy. "We also made material progress on a number of our key initiatives to expand our addressable market during the quarter including increasing our dealer footprint, expanding our financial platform to include loan servicing as well as announcing our strategic alliance with leading EV solutions provider Wallbox. This alliance will enable us to offer our residential customers a simple and cost effective integrated solar, storage and EV solution that will lower overall energy costs while reducing strain on the grid. Looking forward, we remain on track to achieve our 2021 financial outlook and are well positioned to drive growth and profitability in 2022 and beyond."