Diamonds and Dogs

8/18/22

Canadian Solar (CSIQ) shins brightly. The stock is j umping 19% after beating earnings and sales estimates. Revenue grew 61% to $2.31 billion. The company also provided upside guidance as the solar company is seeing significant growth in their battery storage solutions business.

Kohl's (KSS) heading the wrong way. The department store stock is down 5% after missing estimates as sales fell 8%  to $4.09 billion. The company also lowered guidance again, second time in two quarters. Kohl's is struggling as inflation elevates its costs and puts pressure on consumer budgets, though sales growth had been hard to come by even before the macroeconomic environment deteriorated.

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