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If you make a purchase by clicking on an affiliate link, Nevue Fine Art Marketing may earn an affiliate commission at no additional cost to you. That was close to triple the $0.39 per share that it earned in the fourth quarter of 2021.Disclaimer: This post may contain affiliate links. Investors were also pleased with the bottom line, as Canadian Solar posted earnings of $1.11 per share. That was well above the $1.8 billion to $1.9 billion that the solar company had expected in its previous guidance. The solar company reported fourth-quarter financial results that showed huge demand for its products.Ĭanadian Solar's sales for the fourth quarter jumped 29% year over year to $1.97 billion. Shares of Canadian Solar opened higher by 11% on Tuesday morning. Below, you'll see how both companies did and why their shares are rising in response. Canadian Solar ( CSIQ -1.34%) has been a key player in the solar panel space for a long time, while On Holding ( ONON -0.72%) is a relatively new company in the athletic footwear business.

There aren't many companies issuing earnings reports at this time of the quarter, but a couple of companies did see their shares rise sharply after releasing their financial results. The Dow Jones Industrial Average ( ^DJI -0.00%) opened Tuesday morning higher by 300 points, or about 1%, showing the market's belief in a rebound. Yet even with echoes of the financial crisis of 20 in their ears, market participants are working to get past their fears, and they hope that steps taken to restore confidence will work.

Wall Street has been struggling to find a new comfort level in the midst of recent stresses to the banking system.

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