SunPower (SPWR) Stock Spirals Down, YELP, SCTY, CLNE Higher on Strong Earnings

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SunPower Corporation (NASDAQ:SPWR) shares are down almost 18 percent to $12.20 in after-hours trading Tuesday after the company topped analysts’ expectations, but missed with its Q3 and year forecast.

The solar energy technology company posted a second-quarter earnings loss of ($0.22) per share on revenues of $401.8 million, up 6.7% from a year ago. Analysts were expecting EPS of ($0.24) on revenues of $347.7 million.

The big news from SunPower this afternoon besides a restructuring that will include 1,200 layoffs, is its revised guidance. For the current quarter, SunPower said it expects revenues to be between $750 million to 850 million, below consensus for $1.13 billion. For the full fiscal-year 2016, the company sees revenue of $3 billion to $3.2 billion, bellow consensus for $3.28 billion.

SunPower CEO Tom Werner called Q2 a “solid” quarter, ading”while the long-term fundamentals for solar power remain strong, we see a number of near-term industry challenges, primarily in our power plant segment, that we expect to impact our business and financial performance in the second half of 2016.”

SPWR currently prints a one year loss of about 39%, and a year-to-date loss of around 49%. Ticker currently boasts 13 ‘Buy’ endorsements, compared to 4 ‘Holds’ and no ‘Sell’.

Yelp Inc (NYSE:YELP) reported second quarter 2016 results after the market close today that exceeded Wall Street’s expectations. Revenue came in at $173.4 million, a 29.5% increase from a year ago, and well ahead of Wall Street’s consensus estimate of $169.8 million. Earnings per share were reported at $0.16. That was up 33.3% from last year and $0.01 above the Street’s expectations.

CEO Jerry Stoppelman called it a “great second quarter,” adding, “In the second half of the year, we look to execute against our three strategic priorities of growing the core local advertising business, boosting awareness of Yelp and driving transactions.”

For the current quarter, the company guided revenues of $180 to $184 million, as compared to analysts’ expectations of $179.59 million.

For the full fiscal-year 2016, Yelp said it sees revenue in a range of $700 million to $708 million compare to consensus for $690.6 million.

Yelp stock currently prints a one year return of 25.54%. The name is 13.33% higher since Jan. 1.

SolarCity Corp (NASDAQ:SCTY) reported second-quarter non-GAAP EPS loss of ($2.32) after the closing bell Tuesday, narrower than analysts’ estimates of a loss of $2.51. Revenues jumped 80.7% from last year to $185.8 million. Analysts expected revenues of $147.31 million.

“SolarCity delivered notable sequential improvement in its operating metrics in the second quarter of 2016,” the company’s report said. “Megawatts (MW) Installed exceeded guidance by 9% and MW Booked grew 42% quarter-over-quarter.”

Last week, Tesla Motors (TSLA) struck a deal to buy the solar-energy company for $2.6 billion in stock as the electric car company pursues Elon Musk’s ambitious plans for a carbon-free energy and transportation company.

For Q316, SolarCity provided EPS guidance of ($2.55 to $2.65) versus consensus of ($2.34) per share. The company also issued revenue projection of $155 to $168 million, compared to the consensus revenue estimate of $173.77 million.

SCTY is currently down $0.05 to $24.50 on 1.88 million shares.

Clean Energy Fuels Corp (NASDAQ:CLNE) rallied nearly 18 percent to $3.43 in after-hours trading after it reported fiscal-second quarter earnings.

The natural gas provider handed in earnings of $0.03 per share on revenue of $108.03 million, beating Wall Street estimates of ($0.14) per share on revenue of $94.33 million. On a GAAP basis, net income came in at $1.5 million, or $0.01 per share, compared to a net loss of $30 million, or ($0.33) per share, for the second quarter of 2015.

Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated, “We had another strong quarter with positive Adjusted EBITDA and continued improvements to our capitalization. We believe the increasing attention to the immediate favorable environmental impacts of natural gas and particularly our Redeem renewable natural gas, coupled with growing volumes through customer fleet expansions and increased market penetration, are coming through in our operating results.”

CLNE currently prints a one year loss of about 45%, and a year-to-date loss of around 20%.

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