|Bid||24.74 x 1000|
|Ask||25.17 x 900|
|Day's range||24.69 - 26.20|
|52-week range||3.17 - 26.78|
|Beta (5Y monthly)||1.71|
|PE ratio (TTM)||N/A|
|Earnings date||04 Nov 2020 - 09 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||20.38|
Much like Monday, Tuesday's looking like a bit of a split market, with staid Dow Industrial stocks gaining more than 1% in early trading, but go-go Nasdaq equities continuing to stumble. In particular focus this morning are alternative energy plays: Plug Power (NASDAQ: PLUG) in the hydrogen fuel cell sector and merging solar providers Vivint Solar (NYSE: VSLR) and Sunrun (NASDAQ: RUN). As of 10:45 a.m. EDT, Plug shares are down 4%, Vivint Solar is off 8.2%, and Sunrun has declined 8.5%.
Shares of solar installer Vivint Solar (NYSE: VSLR) jumped 105.5% in July, according to data from S&P Global Market Intelligence, after agreeing to merge with competitor Sunrun (NASDAQ: RUN). The merger will combine two of the largest residential solar installers in the country and create a potentially disruptive renewable energy stock. Vivint Solar shareholders will get 0.55 shares of Sunrun when the merger is complete.
Shares of Enphase Energy (NASDAQ: ENPH) jumped 26.9% in July, according to data from S&P Global Market Intelligence, after announcing some key business developments. The biggest announcement in July was SunPower's (NASDAQ: SPWR) spinoff of Maxeon Technologies, saying it will produce AC solar modules by integrating Enphase Energy's IQ microinverter at the factory level. For Enphase, being integrated at the factory floor is a big win, given the high quality of Maxeon's solar panels.