As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the renewable energy industry, including Shoals (NASDAQ: SHLS) 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.

While some renewable energy stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.1% since the latest earnings results.

Shoals (NASDAQ: SHLS)

Started in Huntsville, Alabama, Shoals (NASDAQ: SHLS) designs and manufactures products that make solar energy systems work more efficiently.

Shoals reported revenues of $148.3 million, up 38.6% year on year. This print exceeded analysts’ expectations by 2.4%. Despite the top-line beat, it was still a mixed quarter for the company with revenue guidance for next quarter exceeding analysts’ expectations but full-year EBITDA guidance missing analysts’ expectations significantly.

“2025 was an exceptional year for Shoals. While the rapidly shifting political climate brought some volatility, the massive increase in demand for energy through the rest of the decade supports strong fundamentals for our business. We are beginning to see tangible results of executing our strategic plan; expanding our product portfolio, defending share within our core markets, and diversifying our presence into new, attractive market segments. We’ve made great progress and look forward to building on the momentum,” said Brandon Moss, CEO of Shoals.

Unsurprisingly, the stock is down 27.2% since reporting and currently trades at $7.20.

Is now the time to buy Shoals? Access our full analysis of the earnings results here, it’s free.

Best Q4: Sunrun (NASDAQ: RUN)

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 delivered 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 its peers, the market seems unhappy with the results as the stock is down 39.4% since reporting. It currently trades at $12.38.

Is now the time to buy Sunrun? Access our full analysis of the earnings results here, it’s free.

Slowest Q4: Generac (NYSE: GNRC)

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 16% since the results and currently trades at $211.40.

Read our full analysis of Generac’s results here.

Bloom Energy (NYSE: BE)

Working in stealth mode for eight years, Bloom Energy (NYSE: BE) designs, manufactures, and markets solid oxide fuel cell systems for on-site power generation.

Bloom Energy reported revenues of $777.7 million, up 35.9% year on year. This result surpassed analysts’ expectations by 18.7%. Overall, it was an incredible quarter as it also put up a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is up 51.7% since reporting and currently trades at $207.26.

Read our full, actionable report on Bloom Energy here, it’s free.

ChargePoint (NYSE: CHPT)

The most prominent EV charging company during the COVID bull market, ChargePoint (NYSE: CHPT) is a provider of electric vehicle charging technology solutions in North America and Europe.

ChargePoint reported revenues of $109.3 million, up 7.3% year on year. This number beat analysts’ expectations by 4.4%. Aside from that, it was a satisfactory quarter as it also recorded a beat of analysts’ EPS estimates but revenue guidance for next quarter missing analysts’ expectations significantly.

The stock is down 3.6% since reporting and currently trades at $6.27.

Read our full, actionable report on ChargePoint here, it’s free.

Market Update

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.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.