A Look Back at Renewable Energy Stocks’ Q4 Earnings: Plug Power (NASDAQ:PLUG) Vs The Rest Of The Pack
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the renewable energy industry, including Plug Power (NASDAQ:PLUG) 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.
In light of this news, share prices of the companies have held steady as they are up 4.8% on average since the latest earnings results.
Powering forklifts for Walmart’s distribution centers, Plug Power (NASDAQ:PLUG) provides hydrogen fuel cells used to power electric motors.
Plug Power reported revenues of $225.2 million, up 17.6% year on year. This print exceeded analysts’ expectations by 3.5%. Despite the top-line beat, it was still a mixed quarter for the company with a beat of analysts’ EPS estimates but a significant miss of analysts’ adjusted operating income estimates.
Interestingly, the stock is up 72.7% since reporting and currently trades at $3.13.
Is now the time to buy Plug Power? Access our full analysis of the earnings results here, it’s free.
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 and 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 to its peers, the market seems unhappy with the results as the stock is down 41.8% since reporting. It currently trades at $11.89.
Is now the time to buy Sunrun? Access our full analysis of the earnings results here, it’s free.
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 and adjusted operating income estimates.
Interestingly, the stock is up 18.1% since the results and currently trades at $215.23.
Read our full analysis of Generac’s results here.
Founded in 1969, FuelCell Energy (NASDAQ: FCEL) is a leading manufacturer and developer of carbonate fuel cell technology for stationary power generation.
FuelCell Energy reported revenues of $30.53 million, up 60.7% year on year. This result lagged analysts’ expectations by 28.4%. It was a softer quarter as it also logged a significant miss of analysts’ revenue and EBITDA estimates.
FuelCell Energy had the weakest performance against analyst estimates among its peers. The stock is up 27.1% since reporting and currently trades at $9.66.
Read our full, actionable report on FuelCell Energy here, it’s free.
Going public in October 2020, Array (NASDAQ:ARRY) is a global manufacturer of ground-mounting tracking systems for utility and distributed generation solar energy projects.
Array reported revenues of $226 million, down 17.9% year on year. This print surpassed analysts’ expectations by 6.1%. More broadly, it was a slower quarter as it recorded full-year EBITDA guidance missing analysts’ expectations and a significant miss of analysts’ EBITDA estimates.
Array had the slowest revenue growth among its peers. The stock is down 30% since reporting and currently trades at $7.70.
Read our full, actionable report on Array here, it’s free.
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.
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