Let’s dig into the relative performance of Enphase (NASDAQ: ENPH) and its peers as we unravel the now-completed Q3 renewable energy earnings season.

Renewable energy companies are buoyed by the secular trend of green energy that is upending traditional power generation. Those who innovate and evolve with this dynamic market can win share while those who continue to rely on legacy technologies can see diminishing demand, which includes headwinds from increasing regulation against “dirty” energy. Additionally, these companies are at the whim of economic cycles, as interest rates can impact the willingness to invest in renewable energy projects.

The 17 renewable energy stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 5.8% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.4% since the latest earnings results.

Enphase (NASDAQ: ENPH)

The first company to successfully commercialize the solar micro-inverter, Enphase (NASDAQ: ENPH) manufactures software-driven home energy products.

Enphase reported revenues of $410.4 million, up 7.8% year on year. This print exceeded analysts’ expectations by 12%. Overall, it was a strong quarter for the company with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Unsurprisingly, the stock is down 3.6% since reporting and currently trades at $35.50.

Is now the time to buy Enphase? Access our full analysis of the earnings results here, it’s free.

Best Q3: Bloom Energy (NYSE: BE)

Working in stealth mode for eight years, Bloom Energy (NYSE: BE) designs, manufactures, and markets solid oxide fuel cell systems for on-site power generation.

Bloom Energy reported revenues of $519 million, up 57.1% year on year, outperforming analysts’ expectations by 22.8%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 8% since reporting. It currently trades at $122.33.

Is now the time to buy Bloom Energy? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Generac (NYSE: GNRC)

With its name deriving from a combination of “generating” and “AC”, Generac (NYSE: GNRC) offers generators and other power products for residential, industrial, and commercial use.

Generac reported revenues of $1.11 billion, down 5% year on year, falling short of analysts’ expectations by 6.6%. It was a disappointing quarter as it posted a miss of analysts’ Residential revenue estimates and a significant miss of analysts’ revenue estimates.

As expected, the stock is down 21% since the results and currently trades at $150.21.

Read our full analysis of Generac’s results here.

American Superconductor (NASDAQ: AMSC)

Founded in 1987, American Superconductor (NASDAQ: AMSC) has shifted from superconductor research to developing power systems, adapting to changing energy grid needs and naval technology requirements.

American Superconductor reported revenues of $65.86 million, up 20.9% year on year. This print missed analysts’ expectations by 2%. Aside from that, it was a satisfactory quarter as it also recorded a beat of analysts’ EPS estimates but a significant miss of analysts’ revenue estimates.

The stock is down 48.8% since reporting and currently trades at $30.45.

Read our full, actionable report on American Superconductor here, it’s free.

Sunrun (NASDAQ: RUN)

Helping homeowners use solar energy to power their homes, Sunrun (NASDAQ: RUN) provides residential solar electricity, specializing in panel installation and leasing services.

Sunrun reported revenues of $724.6 million, up 34.9% year on year. This result topped analysts’ expectations by 22.4%. It was an exceptional quarter as it also logged an impressive beat of analysts’ customer base estimates and a solid beat of analysts’ EBITDA estimates.

The company added 32,833 customers to reach a total of 1.14 million. The stock is down 10.2% since reporting and currently trades at $18.34.

Read our full, actionable report on Sunrun here, it’s free.

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