The Q2 earnings cycle is coming to an end. As of Aug 5, 87.7% of the market cap of the S&P 500 index have released quarterly numbers. Reported results reveal a 4.1% decline in second-quarter earnings due to a 0.9% dip in revenues.

This week, over 525 companies, including 26 S&P 500 members, have lined up to release quarterly numbers. Overall earnings are anticipated to witness a 3.5% decline due to 0.4% lower revenues, with 6 of the 16 Zacks sectors witnessing growth in the negative territory. The picture should become clearer by the end of the week after the majority releases results. For more details, you may go through our Earnings Trends report.

For companies operating in the renewable energy space, environmental considerations have been propelling demand for alternative sources of energy to a large extent. In fact, solar energy got a major boost from the environmental tax credit extensions of Dec 2015.

Further, the U.S. Energy Information Administration (“EIA”) anticipates total renewables used in the electric power sector to increase 11.2% in 2016. The EIA also projects utility-scale solar photovoltaic (“PV”) capacity to increase by nearly 13 gigawatts (“GW”) in the 2015–2017 period.

Let’s see what’s in store for a few solar stocks that are scheduled to report earnings results on Aug 9.

Clean energy provider SolarCity Corporation specializes in solar power, energy efficiency and electric vehicle design, monitoring and maintenance services. Notably, on Aug 1, Tesla (TSLA Quick QuoteTSLA - Free Report) inked a deal to acquire SolarCity for $2.6 billion in an all-stock transaction.

The company posted a negative earnings surprise of 11.30% in the last quarter. SolarCity currently carries a Zacks Rank #3 and has an Earnings ESP of -3.24%. The combination of SolarCity’s favorable Zack Rank and negative ESP makes surprise prediction difficult for the quarter.

During its first-quarter conference call, the company said that due a number of headwinds, customer acquisition costs were on the rise, which should however decline significantly in the second quarter. Further, management stated that it expects GAAP revenue in the range of $105–$108 million, operating expenses in the $240–$250 million band, and non-GAAP loss per share of $2.70–$2.80 for the second quarter.

The company has also announced the installation of 201 megawatts (“MW”) during the quarter, which was higher than its expectations of installing 185 MW. For 2016, SolarCity now expects to install 900–1,000 MW of rooftop solar panels, down from its prior guidance of 1,000–1,100 MW.

The Zacks Consensus Estimate for the company’s revenues is pegged at $134.6 million for the second quarter. This is almost a 30.9% increase on a year-over-year basis. Meanwhile, our estimate for the bottom line stands at a loss of $2.47, reflecting a 53.4% decline. (Read more: SolarCity Q2 Earnings: What's Ahead for the Stock?)

SunPower Corporation (SPWR Quick QuoteSPWR - Free Report) is one of the most forward-integrated solar companies, with over a decade-long experience in designing, manufacturing and supplying large-scale solar systems.

Last quarter, the company delivered a negative earnings surprise of 82.61%. This Zacks Rank #4 (Sell) stock has an Earnings ESP of 0.00%. Hence, it’s not likely to report a positive surprise this quarter.

During the first-quarter earnings call, the company revealed that revenues are expected to be $310−$360 million, down 11.1% from the year-ago period (at the midpoint of the guided range) and gross margins of 12–14%, down from 16.7% a year ago. Total megawatts (MW) deployed are anticipated to be 360−385. This reflects the impact of the HoldCo strategy, as a significant number of large-scale projects are expected to be completed in the second half of 2016.

The Zacks Consensus Estimate for the company’s revenues is pegged at $341.3 million for the second quarter. This indicates a 9.4% year-over-year decline. On the other hand, our estimate for earnings is pegged at a loss of 31 cents, reflecting 444.4% decline on a year-over-year basis.

SolarEdge Technologies, Inc. (SEDG Quick QuoteSEDG - Free Report) provides inverter solutions. The company's SolarEdge system offers power optimizers, inverters and a cloud-based monitoring platform.

Last quarter, the company delivered a positive earnings surprise of 48.57%. This Zacks Rank #3 (Hold) stock has an Earnings ESP of 0.00%. Hence, it’s difficult to predict a positive surprise for this quarter.

During the fiscal third-quarter earnings call, the company announced that it expects operating expenses in the fiscal fourth quarter of 2016 to continue rising as it expands the research and development team as well as its geographic footprint. Further, the company stated that it expects revenues to be in the range of $125−$134 million, up 31.6% from the year-ago period (at the midpoint of the guided range) and gross margins of 29−31%, compared to 28.7% in the year-ago period.

The Zacks Consensus Estimate for the company’s revenues is pegged at $129.5 million for the fiscal fourth quarter, reflecting a 31.6% year-over-year increase. On the other hand, our estimate for earnings is pegged at of 36 cents, reflecting 23% growth on a year-over-year basis.

Stay tuned! Check later for our full write-up on earnings releases of these stocks.

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