Altus Power Inc. shares traded 17% higher to a new 52-week high after the industrial, public and community solar firm reported it entered into definitive agreements to acquire 97 megawatts of operating solar assets.
Shares of Canadian Solar Inc. traded 15% higher yesterday to a new 52-week high after the company reported Q2/22 financial results that highlighted a 62% YoY increase in revenue and raised the ranges of its FY/22 revenue estimates by $500 million.
SunPower Corp. shares traded over 9% higher after the company reported Q2/22 financial results highlighting a 63% YoY increase in revenue. The firm confirmed its previous guidance indicating that it expects to add 73,000 to 80,000 net new customers in FY/2022.
Shares of Ozop Energy Solutions Inc. traded 23% higher after the company reported that H1/22 revenues are expected to be 285% higher versus the same period last year. The firm anticipates further sequential growth in H2/22.
View Inc. shares traded 33% higher after the company reported FY/21 financial results highlighting a 125% YoY increase in revenue along with expectations for further continued growth in FY/22.
Shares of Array Technologies Inc. traded 9.0% higher after the company reported it entered into an agreement to provide advanced tracker technology for the 1.4 GWh Gemini solar project, the largest solar plus storage project in the U.S.
In this update, technical analyst Clive Maund rates this community and commercial solar generation and storage company an 'immediate strong speculative buy.'
