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