Clean Energy Stocks Surge Post Harris-Trump Debate Insights

As interest in clean energy stocks rises following Vice President Kamala Harris's debate performance against Donald Trump, analysts highlight potential investment opportunities in companies like Sunrun, Quanta Services, and First Solar, poised to benefit from evolving energy trends.

Date: 20-09-2024

AI Rating: 8

The recent report outlines a promising outlook for clean energy stocks, particularly focusing on Sunrun, Quanta Services, and First Solar. The increase in interest is linked to Vice President Kamala Harris's strong performance in a debate, leading to heightened attention toward clean energy stocks.

Regarding Earnings Per Share (EPS), First Solar reported earnings of $3.25, representing an impressive year-over-year increase of 104.4%. Analysts forecast robust EPS growth of 75% for fiscal year 2024 and an additional 55% in fiscal 2025, indicating strong profit growth expectations.

In terms of Revenue Growth, First Solar recorded net sales of $1.01 billion, a 24.6% increase from the previous year, thus surpassing analysts' predictions. While Sunrun faced a revenue drop of 11% in the most recent quarter, it remains projected to generate substantial cash flow and maintain a trajectory for future growth.

For Quanta Services, while its EPS missed analysts' expectations, the revenue of $5.59 billion did exceed forecasts, indicating a strong market position despite short-term challenges. Analysts anticipate a steady EPS growth of roughly 20% for the upcoming fiscal years, which can generate investor confidence.

The stock performance of these companies has garnered attention, notably Quanta's share price hitting new highs and First Solar's year-to-date jump over 41%. Sunrun has also seen appreciable rises over the past months. These movements highlight strong investor support.

The report concludes with a positive note, advising investors to consider these stocks as potentially lucrative options aligning with long-term energy trends and the clean energy transition.

Stocks: RUN PWR FSLR