SolarCity, SunEdison Earnings Drag Down Entire Solar Industry

Solar stocks are heading lower this morning as SolarCity Corp SCTY and Sunedison Inc SUNE reported worse-than-expected earnings. Both stocks are more than 3.5 percent lower in premarket trading.

At SunEdison, the revenues missed expectations, coming in at just $625.5 million compared with expectations of $663.3 million. SolarCity posted quarterly losses of $1.33 per share, $0.06 per share worse than the consensus estimates.

That sell off is carrying over into the whole industry.

First Solar, Inc. FSLR is down 1.5 percent. First Solar reports on February 24.

SunPower Corporation SPWR is 2 percent lower. SunPower reports earnings on February 24.

JinkoSolar Holding Co., Ltd. JKS shed 2.8 percent this morning. The company reports earnings on March 2.

Vivint Solar Inc VSLR is down 1.2 percent. The company reports earnings on March 4.

Real Goods Solar, Inc. RGSE is higher by 1.6 percent – though the total move is just $0.005.