Tag Archives: technology

Sunrun Q1 Upsets SolarCity, Vivint Solar In Profitability Race

No. 2 residential installer Sunrun ( RUN ) topped rivals SolarCity ( SCTY ) and Vivint Solar ( VSLR ) late Thursday, reporting Q2 sales and earnings — its first quarter in the black — that topped Wall Street’s views, as deployments rose and beat guidance. Sunrun stock soared 17% in after-hours trading Thursday, after its earnings release and after falling 3.5% in the regular session, to 6.15. Shares have fallen 48% this year but could get a lift Friday. For Q1, Sunrun reported $98.7 million in sales, up 99% vs. the year-earlier quarter, and 13 cents earnings per share. The consensus of eight analysts polled by Thomson Reuters saw $87.7 million and a 48-cent per-share loss. On Monday, SolarCity and Vivint Solar reported year-over-year sales growth  but widening per-share losses. Sunrun is the first of the trio to reach profitability. For the quarter, Sunrun said it deployed 60 megawatts, up 63% year over year, and booked 56 MW. Three months ago, the company guided to 56 MW, but noted the outlook didn’t include a backlog from Nevada. Last year, Nevada regulators pulled the plug on net-metering payments to solar customers. Sunrun and SolarCity both exited Nevada, claiming the paucity in solar subsidies made the industry uneconomical in the state. Current-quarter deployment guidance for 60 MW would be up 41.5% vs. the year-earlier quarter. For 2016, Sunrun plans to deploy 285 MW.

Apple Is No Longer The Biggest Stock: Why You Should Worry This Time

Loading the player… Apple ( AAPL ) has again lost its crown as the most valuable company, as it plunges to its lowest level in nearly two years. Google owner Alphabet ( GOOGL ) is dropping in the stock market today as well, but it is now the biggest company. The switch comes shortly after Apple posted its first-ever decline in iPhone sales, and as analysts continued to voice concerns over a longer upgrade cycle. The last time Alphabet was able to overtake Apple was a little over two months ago, though it only lasted a few days. But as Apple’s stock becomes more and more technically damaged, it’ll be interesting to see if it can last this time. Apple shares are crumbling 2.6% in huge volume, dropping below the 90 price level intraday to a fresh 23-month low. The stock is now 32% below its all-time high, reached in April 2015. IBD’s Take: How healthy is Apple’s stock and how does it stand up vs. rivals? Find out at IBD Stock Checkup Alphabet is sliding 0.4% in slightly above-average volume. Shares were able to retake the 200-day line last week and are now looking for support near that level. The stock is 10% below its early-February high and 7% below a cup-with-handle buy point of 777.41 that it failed to break out of after issuing disappointing earnings results. Amazon Worth $3 Trillion? And don’t forget to keep an eye on the other big “A” tech stock: Amazon ( AMZN ). The e-commerce giant has a market cap of about $338 billion, compared with Apple’s $493 billion valuation and Alphabet’s nearly $500 billion market cap, but its stock is performing very well. Amazon hit another new all-time high in intraday trade Thursday, with the stock up fractionally at midday. Amazon is extended about 18% past a cup-with-handle buy point it initially cleared shortly before the company’s latest quarterly report. Venture capital firm Social Capital recently gave Amazon a $3 trillion, 10-year valuation. Analysts say Amazon is set to overtake Macy’s ( M ) as the No. 1 U.S. apparel retailer next year. It may also be poised to grab bigger positions in the consumables and food and beverage markets in the next few years. Meanwhile, Facebook ( FB ) has a $342 billion market cap. The social networking giant is very near its recent all-time high as it continues to trade within buy range from a cup-with-handle base that it broke out of on its earnings results. Facebook shares were essentially flat in early afternoon trade.

Republic Wireless Taps T-Mobile, Samsung Galaxy 7 In Wi-Fi Push

Wi-Fi calling startup Republic Wireless has added T-Mobile US ( TMUS ) as a cellular network partner and Samsung’s Galaxy S7 to its lineup of mobile phones. Republic Wireless earlier leased cellphone network access from Sprint ( S ). Users of Republic Wireless service use mobile phones that switch to cellular networks if public Wi-Fi is not available. T-Mobile stock edged down a fraction in midday trading in the stock market today , near 40.50. Shares of T-Mobile are up about 3% in 2016. T-Mobile has an IBD Composite Rating of 91 out of a possible 99, which puts it among the top 9% of all stocks in some key metrics that include revenue and earnings growth. Republic Wireless has fewer than 1 million customers, said a Bloomberg report . Alphabet ’s ( GOOGL ) Google rolled out a hybrid Wi-Fi/cellular service in early 2015, but it has not disclosed how many subscribers it has. Sprint and T-Mobile were both partners of Google in its launch. Cable-TV leader  Comcast ( CMCSA ) says it’s testing a hybrid Wi-Fi service under a network sharing agreement with Verizon Communications ( VZ ). Republic Wireless is a unit of Internet-calling service Bandwidth.com. While Republic Wireless says it will add Samsung’s Galaxy 7 and six other phones to its lineup, the Wi-Fi startup has been unable to forge a deal with Apple ( AAPL ).