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Stock impact report

Q4 Earnings Roundup: EVgo (NASDAQ:EVGO) And The Rest Of The Renewable Energy Segment [Yahoo! Finance]

EVgo Inc. (EVGO) 
Company Research Source: Yahoo! Finance
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let's take a look at how renewable energy stocks fared in Q4, starting with EVgo (NASDAQ:EVGO). 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 mixed Q4. As a group, revenues missed analysts' consensus estimates by 4.6% while next quarter's revenue guidance was 0.6% above. Amidst this news, share prices of the companies have had a rough stretch. On average, they are dow Show less Read more
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