Solar stocks drop following Vivint's results/guidance
Newly-public Vivint Solar (VSLR -21.6%) has nosedived after
missing Q3 EPS estimates and guiding for Q4 revenue of $5.5M-$6.5M, below a
$7.3M consensus. Installations are expected to fall to 45MW-47MW from Q3's
49MW.
Rivals SolarCity (SCTY -3%) and SunPower (SPWR -3.2%) are
following Vivint lower, as are several other solar names. RGSE -6.2%. ENPH
-5.7%. CSIQ -2.5%. JKS -2.2%. DQ -4.1%. CSUN -2.7%.
Solar ETFs: KWT, TAN
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com