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SUNE, SPWR, CSIQ, SEDG lower as SolarCity plunges post-earnings

Feb. 09, 2016 6:13 PM ETSunEdison, Inc. (SUNE) StockSPWR, CSIQ, SEDG, SUNEBy: Eric Jhonsa, SA News Editor22 Comments
  • In addition to First Solar and Sunrun, SunEdison, SolarEdge, SunPower, and Canadian Solar are lower after SolarCity (down 32.6%) missed its Q4 installation guidance and offered a weaker-than-expected Q1 forecast.
  • SunEdison (SUNE), set to acquire SolarCity rival Vivint Solar, is down 6.1%. SolarEdge (NASDAQ:SEDG), which counts SolarCity as a major client, is down 6.6%. SunPower (NASDAQ:SPWR) is down 4.2%, and Canadian Solar (NASDAQ:CSIQ) down 3.5%.
  • SunEdison, SunPower, and Canadian are expected to post Q4 results in the coming weeks. SolarEdge beat FQ2 estimates and issued strong FQ3 guidance last week.

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