Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Enphase (NASDAQ: ENPH) and its peers.

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 beat analysts’ consensus estimates by 7.8% while next quarter’s revenue guidance was in line.

Luckily, renewable energy stocks have performed well with share prices up 12.7% on average 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 $343.3 million, down 10.3% year on year. This print exceeded analysts’ expectations by 1.9%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ adjusted operating income estimates and revenue guidance for next quarter exceeding analysts’ expectations.

Unsurprisingly, the stock is down 3.1% since reporting and currently trades at $36.14.

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

Best Q4: 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 $1.16 billion, up 124% year on year, outperforming analysts’ expectations by 92.3%. The business had an incredible quarter with an impressive beat of analysts’ ARR estimates and a beat of analysts’ EPS estimates.

Sunrun pulled off the biggest analyst estimates beat among its peers. The company added 27,773 customers to reach a total of 1.17 million. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 36.9% since reporting. It currently trades at $12.88.

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

Slowest Q4: 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 $1.09 billion, down 11.6% year on year, falling short of analysts’ expectations by 5.9%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Interestingly, the stock is up 20.2% since the results and currently trades at $219.19.

Read our full analysis of Generac’s results here.

First Solar (NASDAQ: FSLR)

Headquartered in Arizona, First Solar (NASDAQ: FSLR) specializes in manufacturing solar panels and providing photovoltaic solar energy solutions.

First Solar reported revenues of $1.68 billion, up 11.1% year on year. This result topped analysts’ expectations by 7%. Zooming out, it was a softer quarter as it logged full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly.

First Solar had the weakest full-year guidance update among its peers. The stock is down 19.2% since reporting and currently trades at $196.49.

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

SolarEdge (NASDAQ: SEDG)

Established in 2006, SolarEdge (NASDAQ: SEDG) creates advanced systems to improve the efficiency of solar panels.

SolarEdge reported revenues of $335.4 million, up 70.9% year on year. This number beat analysts’ expectations by 2.2%. Zooming out, it was a mixed quarter as it also produced a beat of analysts’ EPS estimates but a significant miss of analysts’ adjusted operating income estimates.

The stock is up 27.5% since reporting and currently trades at $47.34.

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

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.