The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how EVgo (NASDAQ: EVGO) and the rest of the renewable energy stocks fared in Q1.

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 strong Q1. As a group, revenues beat analysts’ consensus estimates by 5.7% while next quarter’s revenue guidance was in line.

Luckily, renewable energy stocks have performed well with share prices up 14.3% on average 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 $109.5 million, up 45.5% year on year. This print exceeded analysts’ expectations by 22.9%. Overall, it was a very strong quarter for the company with a beat of analysts’ EPS and EBITDA estimates.

“EVgo delivered a strong start to 2026 with record first quarter revenues driven by continued growth across our network and disciplined execution against our strategy,” said Badar Khan, CEO of EVgo.

Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 12.9% since reporting and currently trades at $1.89.

Read why we think that EVgo is one of the best renewable energy stocks, our full report is free.

Best Q1: 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 $751.1 million, up 130% year on year, outperforming analysts’ expectations by 42%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates.

Bloom Energy scored the biggest analyst estimate beat, fastest revenue growth, and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 46% since reporting. It currently trades at $330.57.

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

Weakest Q1: 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 $35.59 million, down 4.9% year on year, falling short of analysts’ expectations by 12.6%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.

Interestingly, the stock is up 113% since the results and currently trades at $36.92.

Read our full analysis of FuelCell Energy’s results here.

EnerSys (NYSE: ENS)

Supplying batteries that power equipment as big as mining rigs, EnerSys (NYSE: ENS) manufactures various kinds of batteries for a range of industries.

EnerSys reported revenues of $988 million, up 1.4% year on year. This print surpassed analysts’ expectations by 1.5%. It was a very strong quarter as it also logged a solid beat of analysts’ EBITDA estimates and EPS guidance for next quarter exceeding analysts’ expectations.

The stock is up 9% since reporting and currently trades at $233.80.

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

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 $140.6 million, up 74.9% year on year. This number beat analysts’ expectations by 8.7%. Overall, it was a stunning quarter as it also recorded EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ adjusted operating income estimates.

Shoals scored the highest guidance raise among its peers. The stock is up 19.8% since reporting and currently trades at $9.91.

Read our full, actionable report on Shoals 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 Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.