Solar Eclipsed

Good evening.

Markets struggled. Every major index and sector stumbled.

New 52-Week Lows waxed New Highs — 141 vs. 19.

See the full sheets here. (PDF)

The Worst of the Worst

SolarEdge is the Worst of the Worst. The solar stock collapsed -5.6% in today’s session.

After the close, the company released preliminary financial results ahead of its scheduled Nov. 1st earnings announcement. SolarEdge said it “experienced substantial unexpected cancellations and pushouts of existing backlog from our European distributors,” scorching the stock to a 3-year low.

$SEDG sank ~18% and the Solar ETF $TAN tumbled 8% after hours. The sun may not come out tomorrow.

Here’s the weak weekly chart (the red dash is its after hours price.)

$SEDG has 13,616 followers on Stocktwits.

The Best of the Best

Liberty Energy is the Best of the Best. The hydraulic fracturing service provider propelled 6.9% following Wednesday’s earnings report. The company beat top and bottom line estimates and raised its quarterly dividend by 40%.

Here’s the daily chart,

And the weekly chart,

$LBRT has 701 followers on Stocktwits, up 13 since 9/27/2023.

If you enjoyed today’s post, please share it with a friend.