Leonardo Penuela Bernal/iStock via Getty Images Nextracker (NASDAQ:NXT) just reported an impressive quarter with revenue growing 40% year-over-year, and adjusted EBITDA doubling despite the results excluding the significant IRA 45X tax credit benefits. Nextracker also reported record international revenue in Q4, delivering close to a 90% increase year-over-year. It is rapidly growing in markets such…
panomporn lungmint/iStock via Getty Images Solar energy stocks, in general, could have a few setbacks in the U.S. in the coming years depending on the outcome of the 2024 presidential election, but overall, I think the global trend in clean energy adoption will continue over the long term. I do consider there to be some…
Justin Paget For those waiting to pick the potential winners in the solar inverter bloodbath, Enphase Energy (NASDAQ:ENPH) is increasingly looking like the best bet. ENPH commands a notable premium to SolarEdge (SEDG) but a comparison of the competitors’ financial results tells two very different stories in spite of both facing the same headwinds. ENPH…
Luis Alvarez/DigitalVision via Getty Images Investment Thesis Maxeon Solar Technologies (NASDAQ:MAXN) delivers preliminary results that imply that its revenue growth rates are slowing down at a rapid clip. Not only are its revenues expected to shrink by 37% y/y, but more crucially, its net debt position has significantly increased. What’s more, the business’ underlying cash…
onurdongel Despite delivering massive growth as an industry, the solar sector has not been particularly kind to investors. For example, Invesco’s (IVZ) Solar ETF (TAN) has massively underperformed the S&P 500 index (SPY) and the very popular Invesco technology trust ETF (QQQ). Still, investors that have solely focused on companies specializing in solar inverters have…
FTC Solar, Inc. (NASDAQ:FTCI) Q4 2023 Earnings Conference Call March 13, 2024 5:00 PM ET Corporate Participants Bill Michalek – Vice President, Investor Relations Ahmad Chatila – Director Patrick Cook – Chief Commercial Officer Cathy Behnen – Chief Financial Officer Conference Call Participants Philip Shen – ROTH MKM Pavel Molchanov – Raymond James Jeff Osborne…
First Solar, Inc. (NASDAQ:FSLR) Q4 2023 Earnings Conference Call February 27, 2024 4:30 PM ET Company Participants Richard Romero – Investor Relations Mark Widmar – Chief Executive Officer Alex Bradley – Chief Financial Officer Conference Call Participants Moses Sutton – BNP Paribas Philip Shen – Roth Capital Partners Operator Good afternoon, everyone, and welcome to…
grandriver/E+ via Getty Images Investment Thesis In spite of my pen name, a non-dividend-paying growth business can still catch my interest if the investment thesis is compelling enough. First Solar (NASDAQ:FSLR) is an example of such a business, and I currently rate the stock a Buy because I believe that the current stock price offers…
Stay informed with free updates Simply sign up to the Renewable energy myFT Digest — delivered directly to your inbox. Brussels is considering emergency support measures for Europe’s solar panel manufacturing industry as a flood of cheap Chinese imports threatens domestic production and industry figures warn the continent’s manufacturers are “on the brink”. Four European…
Eloi_Omella Sunrun Inc. (NASDAQ:RUN) is one of the largest residential solar companies in the US. Solar in recent years has become very competitive with other sources of energy, as the average global price of solar modules has decreased 30-40% from the first quarter to the third quarter of 2023. Given tariffs and various laws, U.S….
Andreus/iStock via Getty Images We took a look at the recently published Global 100 list of most sustainable corporations according to Corporate Knights, and we noticed a new addition in the tenth position, SMA Solar Technology AG (OTCPK:SMTGF)(OTCPK:SMTGY), which sounded familiar. We had forgotten about this European renewable energy company since it had a spotty…
NewSaetiew/iStock via Getty Images Maxeon Solar Technologies (NASDAQ:MAXN) is a technology company headquartered in Singapore that designs, distributes, installs and services solar panels. The company has been in this business for a long time with multiple generations of products over years but it has yet to see much of a growth or profits which will…
Bilanol Investment Thesis Altus Power (NYSE:AMPS) mainly offers clean electric power to the industrial, commercial, public sector, and Community Solar customers. The company has recently acquired Unico Solar, which can accelerate its growth by expanding its presence on the West Coast. This acquisition can also benefit the company by boosting the flow of its pipeline…
Hiraman Tigo Energy, Inc. (NASDAQ:TYGO) recently reported impressive expectations for the year 2023 including double-digit net sales growth and EBITDA margin growth. Also including headcount growth related to its R&D activities, I believe that Tigo could present new offerings and geographic expansion in the United States and Europe. With all these new ideas in mind,…
4kodiak/E+ via Getty Images The Fed’s battle with inflation and the subsequent collapse of liquidity for growth firms has defined our economic zeitgeist for nearly two years. The impact on climate economy tickers has been brutal. ESS Tech, Inc. (NYSE:GWH) is down 50% year-to-date, renewable energy yieldco NextEra Energy Partners, LP (NEP) is trading at…
Elijah-Lovkoff Today, we are back to comment on Canadian Solar’s performance (NASDAQ:CSIQ); however, this year, we already analyzed the company twice, commenting on the CSI Solar Co IPO process on the Shanghai Stock Exchange and also on the H1 results, looking at Canadian Solar’s growth coupled with an underappreciated assets portfolio. After the Q3 results,…
Call End: First Solar, Inc. (NASDAQ:FSLR) Q3 2023 Earnings Conference Call Oct 31, 2023, 04:30 PM ET Company Participants Richard Romero – Investor Relations Mark Widmar – Chief Executive Officer Alexander Bradley – Chief Financial Officer Conference Call Participants Philip Shen – Roth MKM Alexander Vrabel – Bank of America Joseph Osha – Guggenheim Vikram…
marrio31 We previously covered First Solar (NASDAQ:NASDAQ:FSLR) and Enphase Energy (NASDAQ:NASDAQ:ENPH) in August 2023, discussing the former’s double top/ bottom line beats as the latter reported a mixed performance in the FQ2’23 quarter. While FSLR had reported growing backlog and expanding late-stage opportunities in the utility solar segment, ENPH had guided a slow down in…
WichienTep/iStock via Getty Images 2023 has been a particularly challenging year for the solar industry. The solar ETF (TAN) has lost 40% of its value this year, with virtually all those losses occurring over the past three months. One notable example is Canadian Solar (NASDAQ:CSIQ), which has lost nearly half its value since August. However,…
Editor’s note: Seeking Alpha is proud to welcome Stanley Nwosu as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » RonFullHD/iStock via Getty Images Summary First Solar (NASDAQ:FSLR) is…
Sundry Photography Solar stocks are getting hit hard – especially stocks related to residential solar. Enphase Energy (ENPH), Sunnova (NOVA), Sunrun (RUN), SolarEdge (SEDG), SunPower (SPWR), and Sunworks (SUNW) are all trading close to their 52-week lows. There is no doubt that rising interest rates have reduced the appetite for new solar system installations, but…
enter89/iStock via Getty Images Introduction Up until the latest Q2 results- which were announced last week- the stock of Maxeon Solar (NASDAQ:MAXN)- a Singapore based, solar power technology entity, had proven to be a rather dependable bet this year, delivering returns of 19%, even as its solar peers (as represented by the TAN ETF) slumped…
Sundry Photography Introduction Enphase (NASDAQ:ENPH) is one of the most popular growth stocks today and is also one of the best-performing stocks in the last five years, returning more than 2,500% to shareholders. Data by YCharts But recently, Enphase released its Q2 earnings results which sent the stock crashing and the stock is now down…
kitiwan mesinsom First Solar, Inc. (NASDAQ:FSLR) reported impressive Q2 earnings, with EPS of $1.59 beating out the consensus estimate by $0.65. Revenue of $811 million, up 31% year-over-year, came in $92 million above expectations. The story here has been a ramp-up in solar module production while the company is benefiting from its unique position as…