The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how renewable energy stocks fared in Q2, starting with EVgo (NASDAQ:EVGO).
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 satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 2.4% while next quarter’s revenue guidance was 6.7% below.
While some renewable energy stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.7% since the latest earnings results.
EVgo (NASDAQ:EVGO)
Created through a settlement between NRG Energy and the California Public Utilities Commission, EVgo (NASDAQ:EVGO) is a provider of electric vehicle charging solutions, operating fast charging stations across the United States.
EVgo reported revenues of $82.65 million, down 15.7% year on year. This print exceeded analysts’ expectations by 3.5%. Despite the top-line beat, it was still a slower quarter for the company with full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly.
"EVgo delivered another quarter of solid execution, with 19% charging network revenue growth and continued expansion of our nationwide fast-charging platform," said Badar Khan, CEO of EVgo.
The market seems disappointed with the results as the stock is down 22.3% since reporting and currently trades at $1.34.
Is now the time to buy EVgo? Access our full analysis of the earnings results here, it’s free.
Best Q2: 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 $1.07 billion, up 166% year on year, outperforming analysts’ expectations by 28%. The business had an incredible quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Bloom Energy delivered the biggest analyst estimate beat, fastest revenue growth, and highest full-year guidance raise of the whole group. The market seems happy with the results as the stock is up 53.4% since reporting. It currently trades at $256.00.
Is now the time to buy Bloom Energy? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: FuelCell Energy (NASDAQ:FCEL)
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 $33 million, down 29.4% year on year, falling short of analysts’ expectations by 15.8%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.
FuelCell Energy delivered the slowest revenue growth in the group. As expected, the stock is down 8.4% since the results and currently trades at $15.65.
Read our full analysis of FuelCell Energy’s results here.
Array (NASDAQ:ARRY)
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 $342.1 million, down 5.6% year on year. This number beat analysts’ expectations by 9%. However, it was a slower quarter as it produced a significant miss of analysts’ EBITDA estimates and full-year revenue guidance slightly missing analysts’ expectations.
Array had the weakest guidance update of the whole group. The stock is down 19.8% since reporting and currently trades at $4.53.
Read our full, actionable report on Array here, it’s free.
Blink Charging (NASDAQ:BLNK)
One of the first EV charging companies to go public, Blink Charging (NASDAQ:BLNK) is a manufacturer, owner, operator, and provider of electric vehicle charging equipment and networked EV charging services.
Blink Charging reported revenues of $21.67 million, down 24.5% year on year. This result missed analysts’ expectations by 11.5%. In spite of that, it was a strong quarter as it put up a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
The stock is flat since reporting and currently trades at $0.54.
Read our full, actionable report on Blink Charging here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.