Latest news with #shed
Yahoo
a day ago
- Business
- Yahoo
Here is Why New Fortress Energy (NFE) Fell This Week
The share price of New Fortress Energy Inc. (NASDAQ:NFE) fell by 8.82% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A cutaway view of a modern energy infrastructure and its power generation facilities. New Fortress Energy Inc. (NASDAQ:NFE) owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. New Fortress Energy Inc. (NASDAQ:NFE) continues to plunge after posting a wide earnings miss in its Q1 2025 earlier this month, struggling with weak performance across all its segments. The company's loss of $0.73 per share was significantly worse than market expectations, while its revenue also declined by over 31% YoY and fell below estimates. Investors also reacted negatively when it was revealed this week that the company has been disqualified from an auction held by the Puerto Rican government to secure temporary power generation. However, the latest blow for New Fortress Energy Inc. (NASDAQ:NFE) has come in the form of a notice it received from NASDAQ on non-compliance with the stock market's listing rule for not submitting its quarterly reports with the U.S. Securities and Exchange Commission. While we acknowledge the potential of NFE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NFE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Array Technologies (ARRY) Fell Last Week. Here is Why.
The share price of Array Technologies, Inc. (NASDAQ:ARRY) fell by 8.74% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. An aerial view of a solar panel farm, its panel incremented tracking the sun's path. Array Technologies, Inc. (NASDAQ:ARRY) is a leading global provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop, and operate solar PV sites. The share price of Array Technologies, Inc. (NASDAQ:ARRY) fell last week after investors reacted negatively to the House of Representatives advancing President Trump's 'one big beautiful bill', which may end numerous green-energy subsidies that have supported the renewable energy sector. While the industry was already expecting the gradual phase-out of wind and solar tax credits, the latest version of the bill accelerates this timeline, dealing a serious blow to the solar energy industry, which relies heavily on such credits. That said, Array Technologies, Inc. (NASDAQ:ARRY) posted strong results for its Q1 2025 earlier this month, beating expectations in both revenue and earnings. The company reported a strong revenue growth of 97.1% YoY and achieved the second-largest quarter of volume shipped since 2023, indicating solid market share recovery. While we acknowledge the potential of ARRY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ARRY and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Here is Why Enphase Energy (ENPH) Crashed This Week
The share price of Enphase Energy, Inc. (NASDAQ:ENPH) fell by 17.99% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A solar panel array stretched across a large open field, its glimmering panels reflecting the sun. Enphase Energy, Inc. (NASDAQ:ENPH) is a global energy technology company and the world's leading supplier of micro-inverter-based solar and battery systems. The company has shipped approximately 80 million microinverters, and approximately 4.7 million Enphase-based systems have been deployed in more than 160 countries around the world. Enphase Energy, Inc. (NASDAQ:ENPH) plunged after investors reacted negatively to the House of Representatives narrowly passing President Trump's 'one big beautiful bill', which ends the investment and electricity production credits for clean energy facilities. Those credits have played a key role in the rapid expansion of utility-scale solar projects in the country. The rooftop solar industry faces a fatal blow as the bill would remove the 30% federal tax credit for taxpayers who install solar rooftop systems, potentially causing a drop in sales of ENPH's inverters. Enphase Energy, Inc. (NASDAQ:ENPH) also faced downward pressure after the stock was downgraded by BMO Capital from Market Perform to Underperform, with its price target also reduced from $46 to $39. While we acknowledge the potential of ENPH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENPH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
a day ago
- Business
- Yahoo
Here is Why First Solar (FSLR) Fell Last Week
The share price of First Solar, Inc. (NASDAQ:FSLR) fell by 6.87% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A solar panel farm with an orange sky illuminating the vast landscape. First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company and global provider of responsibly produced, eco-efficient solar modules. First Solar, Inc. (NASDAQ:FSLR) suffered a setback last week after House Republicans passed a tax bill that terminates key clean energy credits that have been necessary to sustain the country's solar energy industry. The 'one big beautiful bill' makes it impossible for solar energy players to claim or transfer tax credits, while terminating them completely for installers that lease equipment to customers. However, as the biggest producer of solar panels in the U.S. with a large domestic manufacturing footprint, First Solar remained relatively unhurt since manufacturing subsidies do not appear to have been touched. Another development working in favor of First Solar, Inc. (NASDAQ:FSLR) last week is when Jefferies analyst Julian Dumoulin-Smith updated the price target for FSLR from $127 to $157, while maintaining a Hold rating on the stock. While we acknowledge the potential of FSLR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FSLR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
Wall Street futures down as Trump's tariffs stay put after latest court ruling
(Reuters) -Wall Street futures slipped on Friday, as investors took stock of an appeals court decision to undo a prior ruling that had blocked most of U.S. President Donald Trump's tariffs, heading into the last trading day of a solid month for equities. The S&P 500 and the Nasdaq are on pace for their best monthly showing since November 2023, while the Dow is also set for a near 4% monthly advance. Stocks have seen immense volatility this month on Trump's on-and-off tariff moves, though the S&P 500 has rebounded from its April low and now sits about 4% lower from its all-time high hit in February. U.S. equities had initially rallied on Thursday when the Court of International Trade ruled late on Wednesday to effectively block most levies imposed since January, but did not address some industry-specific tariffs. However, a federal appeals court on Thursday temporarily reinstated most of the tariffs and ordered the plaintiffs in the cases to respond by June 5 and the administration by June 9. "This week's courtroom drama has added another layer of uncertainty to what was already an unsettling series of events," Richard Hunter, head of markets at interactive investor, said in a morning note. Hopes of more trade deals between the U.S. and major trading partners, along with upbeat earnings and tame inflation data, have been some of the main drivers of gains in equities this month. U.S. Treasury Secretary Scott Bessent stated that U.S. trade talks with China are "a bit stalled" and getting a deal over the finish line will likely need the direct involvement of President Trump and Chinese President Xi Jinping. At 5:14 a.m. ET, Dow E-minis were down 31 points, or 0.07%, S&P 500 E-minis were down 8.5 points, or 0.14% and Nasdaq 100 E-minis were down 36.5 points, or 0.17%. Most megacap and growth stocks inched lower in premarket trading, with Nvidia off 0.7% after gaining in the last session on reporting robust quarterly revenue growth. Chipmaker Marvell Technology shed 3.9% despite forecasting second-quarter revenue above estimates. Ulta Beauty gained 8.6% after the cosmetics retailer raised its annual profit forecast after beating quarterly results. Zscaler advanced 3.2% as the cloud security firm raised its annual profit and revenue forecasts and named Kevin Rubin as its chief financial officer. Later in the day, the Personal Consumption Expenditure data - the Fed's favored inflation indicator - is scheduled for release at 8:30 a.m. ET, which could shed more light on the U.S. Federal Reserve's interest rate trajectory. Trump called Fed Chair Jerome Powell to the White House late on Thursday for their first face-to-face meeting since he took office in January and told the central bank chief he was making a "mistake" by not lowering interest rates. Traders currently see at least two 25 basis points of cuts by the end of the year, according to data compiled by LSEG.
