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  • Solar Stocks Worth Investing In For 2022

    Solar Stocks Worth Investing In For 2022

    The global solar industry has been performing in a top-notch manner, even prior to the boost that the Covid-19 phenomenon brought to it. Federal policies such as the Solar Investment tax credit, and wider initiatives such as the Paris Climate Agreement have catalyzed the growth of this rising giant. According to the Paris initiative, the global target for 2030 has been set at 5200 Gigawatts, whereas the standard for 2040 is at 14000 Gigawatts. All this comes as a spark for the global solar market, which is already enjoying tailwinds from its consistently declining costs of production.

    The most recent catalyst to drastically accelerate the growth of the solar industry is the Inflation Reduction Act, signed by President Joe Biden in mid-September. As part of the Act, a further $369 billion is being allocated to domestic renewables. In light of this, solar stocks seem to be in high demand among market participants. For this reason, we bring to you a list, highlighting five top solar stocks that are worth investing in.

    Canadian Solar

    The first stock on this list is the global solar champion, Canadian Solar (NASDAQ: CSIQ). Canadian Solar is one of the top names in the global solar markets, and it has structured itself in a manner so as to capture value at various levels of the segment.

    The company holds two core business segments, demonstrating world-class expertise in each. Canadian Solar’s first business segment is its manufacturing and installation one. This gives CSIQ exposure to long-term recurring revenue, especially since it offers service and maintenance agreements. At present, the company is dealing with over 3.1 gigawatts of operations under the segment, which management claims will surpass 20 gigawatts by 2026.

    On the other hand, Canadian Solar operates its global energy segment, which deals in the project management domains. Through this, the company develops, builds, and sells large-scale solar-power projects around the world. These projects range from develop-to-sell, build-to-sell, or build-to-own. The aforementioned exit strategies give CSIQ the flexibility to maximize its return. The pipeline of these projects presently totals up to 26 gigawatts of solar power.

    As a result of this robust business model, which gives the company a significant competitive edge, CSIQ has been flying high in terms of its financial performance. In its most recent quarterly report, the company saw its net income grow explosively by a staggering 572% on a year-on-year basis. For these reasons, CSIQ should be at the forefront while looking at the solar stocks to invest in.

    Maxeon Solar Technologies

    The second solar stock we present is the Singapore-based Maxeon Solar Technologies (NASDAQ: MAXN). The strength of this stock can be gauged by its price rise alone, which in the last six months amounted to almost 80%, whereas the S&P 500 declined by 14%.

    Like most players in the global solar industry, Maxeon too enjoys the strong tailwinds of opportunity and stands ready to climb high. However, there is much about this company in particular that makes it a difficult one for investors to ignore. Although it is a small-cap company valued at only $1 billion and is still in its negative EPS phase, its forward-looking prospects are extremely bright. For one, it recently renewed its contract with US photovoltaic specialist, SunPower which would enable it to continue supplies to the US and Canada until October 2023. Similarly, the company also penned an agreement with TotalEnergies to supply the company’s Danish Fields project in Texas with 400 megawatts of ultra-efficiency solar modules. Both these deals provide a substantial growth boost to the young company aiming to establish itself as a global leader.

    Furthermore, Maxeon Solar is excessively focused on driving down its solar panel costs through these strategic partnerships, which would enable it to gain a strong foothold in the North American markets. It also has finalized plans to establish a multi-gig solar production facility within the United States. This is a highly strategic move considering the legislative incentives the industry faces in the country.

    The final cherry on top for this high-growth emerging star is its financial performance. In its recent most quarter, Maxeon saw topline growth of 35%, indicating its success within the market it operates in. This is not a stock to take lightly for those seeking the gains of the lucrative world of solar.

    Array Technologies Inc.

    Next up we take a look at Array Technologies Inc., (NASDAQ: ARRY) a company that develops solar tracking systems that are essential to the optimization of solar projects on a utility-scale. The company was off to a dismal start since its IPO last year, given a price plummet that was caused by market-wide uncertainty in the wake of the post-Covid slowdown.

    Fast-forward to September 2022, ARRY appears to be in full-blown recovery mode, as a result of a number of wider factors. For one, the inflation reduction act, and similar policies issued by president Biden have changed the dynamics and prospects of the wider industry to a substantial degree. Secondly, Array’s solar tracking system, which adjusts panel placement in real time to face the sun, is seeing an influx in demand, given the energy optimization the concept promises. Finally, the prices of steel, which are a primary component of Array Technologies’ products offer wider profit margins and bottom-line growth.

    Given the shift in the playing field, ARRY has more than doubled its quarterly revenue in June 2022, from $197 million to $425 million, on a year-on-year basis. The wider market also appears to be confident in its prospects, considering its 36% climb in the bearish six months prior. It is evident that ARRY has good times ahead, hence making it a prime investment candidate for solar stocks would be a good choice.

    Enphase Energy Inc.

    The fourth solar stock we turn to is Enphase Energy Inc., (NASDAQ: ENPH) an American photovoltaic player working in the home energy solutions market. Although its stock has seen a price doubling from $152 to $305 in the last 12 months alone, it has a substantial growth runway ahead of it. In just the last 12 months, ENPH saw its revenue climb by 64%, whereas its earnings grew by 13%.

    The biggest opportunity that Enphase faces come from Europe, just as the company is on the verge of expanding to international markets. Given the tensions that currently exist between the EU and Russia, the entire European continent is on the verge of an energy crisis this oncoming winter, which could prove devastating to tens of millions of citizens in a number of countries. Amid such circumstances, solar-powered home energy solutions, as Enphase Energy offers could very well be the hero of the moment and face skyrocketing demand.

    Enphase Energy, following the acquisition of key American companies, has vastly expanded its installation and integration network, which allows it to meet demand at a global level. Its various manufacturing facilities in India, China as well as Mexico demonstrate the robustness of its distribution network and supply chain. Its very next manufacturing facility comes in Romania, which will launch later this year, indicating the company’s ambitions in the European continent.

    Given the oncoming opportunity in Europe, and potentially the world, Enphase is optimal for the capture of market share to a major degree. Its product pipeline appears to be one of the most promising in the solar competitive space, offering home power management tools, and solar-based solutions fit for homes as well as small businesses. The stock, for these reasons, is definitely one to keep on your radar among other solar stocks.

    Daqo New Energy

    The final stock on this list is the China-based, global world leader, Daqo New Energy (NYSE: DQ). Daqo, along with its subsidiaries is a producer and supplier of polysilicon, the most critical component that goes into solar panels. The company, given its substantial cost advantage, occupies a 13% share of the global polysilicon market.

    In just the last decade, Chinese companies have excelled substantially within this domain, pushing their European counterparts off their positions in market leadership. At present, the top 3 polysilicon players are all based in China, with Daqo being the largest player of them all, with rocketing growth.

    The company’s revenue from 2019 to 2021 stood at $350 million, $675 million, and $1.7 billion respectively. Analysts place their revenue consensus estimate for 2022 at a staggering $4.4 billion mark. Such explosive fundamental growth indicates possible domination of the solar markets, owing to its successful cost leadership, which competitors are unable to match. Similarly, earnings per share during these three years exploded from $0.43 to $21.50 a share.

    Despite such strong fundamental prospects, the DQ price has barely changed in the last 12 months, signaling a possible undervaluation of a substantial degree. The fact that the company’s forward PE ratio stands at 2.7, compared to the wider sector average of 16.7 further reinforces this view. DQ, therefore, is a great opportunity for those seeking both value and growth in solar stocks.

    Conclusion

    There appears to be agreement amongst all classes of investors that the next big opportunity exists within the world of solar. With so many tailwinds supporting it, and a number of policy incentives, its hard to not sway toward the investing opportunities that solar power offers to the world at large. As costs continue to decline, and countries strive to attain self-sufficiency, in terms of energy, the industry as a whole is likely to reach new heights, which will eventually challenge the mighty fossil fuel industry. Each of the solar stocks mentioned in this article allows investors to be a part of the booming rise the industry is on the verge of experiencing.

  • Enphase Energy Inc. (ENPH) has a Bull Case but is it the Best Time to Buy the Stock?

    A mutual push towards increased use of renewable energy and lesser fossil fuels continues as concerns over global warming and climate change rise. Fossil fuels not only damage the Earth but are also not sustainable. The future will vastly depend on renewable energy as natural resources continue reaching critical levels.

    The global renewable energy market is expected to reach $1.97 trillion by 2030 with a CAGR of 8.6% between 2022 and 2030. The current renewable energy is a mere 7% of the world’s energy demands. However, growing investments in solar, wind, and hydroelectric sectors, increasing cost-effectiveness in renewable energy installations, and the supply chain constraints in the larger industry are expected to grow its demand exponentially. A further driving factor at the present is the massive shortage of fossil fuels, i.e. oil and gas, rising from the Russian invasion of Ukraine, which is a growing demand for renewable energy to help with the bottleneck.

    A major transformation in the energy sector will be supported by the regulations regarding clean fuel standards, biofuel production, tax incentives, and the green energy targets in the U.S. Since the introduction of the Green New Deal congressional resolution, more and more U.S. politicians have been supporting reduced fossil fuel usage. One of the major players in the wind and solar markets is Enphase Energy Inc. (ENPH).

    Enphase Energy Inc. (ENPH)

    Being the pioneer of micro inverter-based solar systems usage, ENPH has been the industry leader and has beaten many competitors entering the space. The company fills an important gap and needs in the sector as it is the micro-inverters that convert direct current power into alternating current, the one used in our homes. The company has been growing its revenue while continuously expanding its business and promoting shareholder value; it has also been buying back some of its stock. Its immense growth has caused the ENPH stock to soar over 15,000% in just five years.

    At the present. ENPH stock is valued at a price of $168.80 per share as per the after-hours session on May 20, 2022. While being down roughly 8% year to date, the stock’s recent bullishness scored it nearly 20% in the past three months. Recently, the stock has been outperforming the market with its bulls against the wider bears amid growing geopolitical and economic instability.

    While the company’s latest upbeat earnings, continued expansion, and positive future outlook support its long-term and persistent growth, the stock seems overvalued to be purchased at the present. Let’s have a further look at the stock and the company.

    Expansion and Progress

    ENPH has been continuously expanding its business with huge strides domestically and progress internationally. While this California-based solar energy has a sizeable market presence in the U.S., its international operations are only expected to push it to new heights.

    In just a month of April and half of May, the company has expanded its micro-inverters and battery storage systems in Hawaii, Missouri, Georgia, Michigan, South Carolina, Iowa, and Nevada. Forecasts estimate the deployments in these regions to grow by two to six folds by the end of 2026.

    Moreover, its strong progress in the European Union is also a reason for the latest bullish ratings. As Russia threatens to cut off fossil fuel supplies, the demand for solar/battery technology is only growing in the E.U. The company’s CEO said in the latest earnings call that it is now “tripling down on Europe in terms of spending”.

    ENPH & Competitors

    Being a pioneer in its sector, the company has maintained its name and outlived many newcomers. While the recent hype around renewable energy amid the declining supply of fossil fuels due to the war might have boosted its growth, it has been performing strongly even before this. The company has consistently provided better margins than others in the industry.

    Source: The Motley Fool

    Complied by Motley Fool, this chart depicts the quarterly gross profit margins of the top eight solar stocks. The company’s gross margins, while being the highest over the past three years among the stocks, were 40.1% in Q1 2022 (still the highest). A top competitor of ENPH is SolarEdge, whose Q4 gross margin was around 29%.

    Financial Overview

    In its latest Q1 2022 earnings, the company not only surpassed its own revenue guidance but also beat analysts’ expectations for revenue and earnings.

    The company’s revenue was $441 million for the quarter, much above its forecasted $420 to $440 million. Analysts were expecting $429.91 million in revenue for the March quarter. The strong demand for its microinverters as well as battery systems drove the top line by 46.2% from the comparable $301.8 million.

    Adjusted earnings also beat the analysts’ expectation, with the actual being $79 per share against the expected $0.68 a share. The non-GAAP net income totaled $109.7 million in the quarter.

    Furthermore, the company’s operating cash flow and free cash flow were also solidly positive at $102.4 million and $90 million, respectively. The high positive FCF means ENPH won’t be burning through its cash balance, which was $1.1 billion (cash, cash equivalents, and marketable securities) at the end of Q1.

    Future Outlook

    For the second quarter of 2022, the company expects revenue of $490-$520 million with an adjusted gross margin of 38.0-41.0%. The anticipated operating expenses for the quarter are between $70.5 million and $73.5 million, excluding certain items.

    Thus, the Q2 2022 revenue guidance of the company is above the consensus estimate of $477.45 million. Analysts are expecting the full-year revenues to be $2.02 billion, while it is further expected that the company will produce $2.69 billion in revenue by the end of 2023. Additionally, ENPH is forecasted to grow its earnings at an average rate of 39%.

    ENPH Ratings and Valuation

    ENPH stock has a 1-year price target of $226.28 while most experts have it pegged above $200. While the price targets present a good upside from the current, its PE Ratio (TTM) is very high at 134.40. Hence, trading at a very large premium compared to the sector, the stock seems overvalued. Added to this, the guidance range of its upcoming gross margin also suggests a possible decline to 37% from the current 41% which fell by 10 basis points already.

    Conclusion

    The solar stock ENPH, owing to its strong performance so far and continued growth, has a bullish future outlook with both the stock and company up for more profits in the longer run. However, combining the high premium, overvalued stock, and a decline in gross margin, it might not be the best time to buy the stock. There still is a chance of the stock getting impacted by the wider downfall of the market due to the threat of a looming recession amid the current geopolitical and economic turmoil. If that happens, it would present a great opportunity to buy the growth stock with a better entry point.

  • Enphase Energy, Inc. (ENPH) stock is jumping high to 16.47% – What’s behind it?

    Enphase Energy, Inc. (ENPH) saw a push of 16.47% in the aftermarket because the company reported fourth-quarter 2021 results. However, the last trading session closed at $144.50 with an increase of 2.65%.

    Fourth Quarter 2021 Results – Latest Stats by ENPH

    ENPH announced fourth-quarter 2021 results on 8th February 2022. The company recorded revenue of about $412.7 million. Not only this but GAAP gross margin came out to be 39.6% and GAAP operating income totaled $57.7 million. Furthermore, cash flow from operations was $97.2 million. Last but not the least, GAAP operating income came out to be $52.6 million whereas non-GAAP net income recorded was $102.8 million.

    Now what?

    In the fourth quarter of 2021, the company completed the acquisition of ClipperCreek. It provides residential and commercial customers in the United States with electric vehicle (EV) charging options. Moreover, the growing popularity of electric vehicles has consequences for residential energy management. With an EV, homes will require substantially more energy, and the enormous EV battery may one day be used for backup and grid services. Lastly, the power conversion and software platform will soon be used to manage loads and resources within the home.

    Expansion of Battery Storage in Arizona by ENPH – What’s up?

    On 3rd February 2022, ENPH reported about the expansion of battery storage in Arizona. IQ Microinverters and IQ Batteries will power the entire expansion process. According to the most current U.S. Census Bureau report, Arizona’s household storage capacity is continuously increasing year over year, with forecasts indicating deployments will more than quadruple in the next year and more than 8-fold by 2026. Moreover, Enphase offers a solar-plus-battery system that protects installers and homeowners from high-voltage DC exposure. The battery chemistry used in the Enphase IQ Battery is Lithium Iron Phosphate (LFP), which has a long cycle life and great thermal stability, making it safer to use.

    What’s Next?

    Arizona is beginning to recognize the evident value of home solar and batteries for both individual households and the overall grid. In addition, by partnering with Enphase, the company is able to help the consumers take charge of their home energy future by providing some of the most dependable and advanced technologies available.

    Furthermore, the companies happily partner with Enphase to offer their customers the greatest quality products and customer experience available. Lastly, Enphase’s micro inverter-based solar and battery solutions provide greater energy management, dependability, and a more simplified process in general.

  • Early Morning Vibes: The 4 Best Stocks To Buy Now

    Trading on December 31 at the American stock markets ended in the green zone. The S&P 500 index climbed 0.64% to 3756 points, the Dow Jones rose 0.65%, the NASDAQ added 0.14%. S&P 500 and Dow Jones were able to hit new all-time highs thanks to positive statistics on weekly jobless claims. The growth of the indices for the whole of 2020 was 16% and 7%, respectively, while the growth of the high-tech NASDAQ over the past year was 44%.

    Company news

    Enphase Energy (ENPH: + 1.5%) will be listed in the S&P 500 starting January 7.

    Celsius Holdings (CELH: + 13.3%) will be listed in the S&P SmallCap 600 starting January 7.

    Elf Beauty (ELF: + 7.4%) will be listed on the S&P SmallCap 600 starting January 7.

    Today, global stock markets are showing positive dynamics on the first trading day of 2021. The news background remains calm, but market participants continue to bet on the recovery of the global economy this year thanks to effective vaccines and a fast vaccination process.

    However, while the vaccination campaign in the States is not so successful: as of January 2, only 4.2 million Americans received the first (of two) dose of the vaccine, although it was previously planned to reach the goal of 20 million. The head of the Operation Warp Speed organization suggested increasing the vaccination rate by halving Moderna’s vaccine dose for certain populations, negotiations are underway with the FDA regulator and company representatives. It is important to note that investors do not yet appear to be concerned about the slow pace of vaccinations.

    In Europe, there is still no desire from the authorities to soften coronavirus restrictions. Stricter measures can be taken in the UK. In general, after the holidays, a global increase in diseases and an increase in the burden on the health care system can be expected, but investors are optimistic and look at this as the peak of the fight against coronavirus, after which the burden on healthcare workers will begin to decrease and state borders will open.

    In the United States, an attempt to increase direct payments to the public from $ 600 to $ 2,000 was unsuccessful. Also over the weekend, attention was drawn to the delisting of Chinese telecom companies from American exchanges, which was a consequence of Donald Trump’s decree.

    Technical analysis

    Technically, the S&P 500 is prone to an upward movement. A new historical maximum was reached the day before. Buyers continue to demonstrate relative strength. At the same time, the RSI indicator is close to the overbought zone, so there is a risk of correction. To stay in an uptrend, the S&P 500 needs to hold above the 3640 level.

    Today Top Movers

    Nio Inc (NIO)‎, a Auto Manufacturer company, soared about 2.44% ‎at $49.93 in pre-market trading Monday after providing its December, fourth quarter and full year 2020 delivery results.‎

    ‎Canaan Inc (CAN) share price increased 20.57% to $7.15 during early morning ‎trading session on Monday.‎‎

    ‎Castor Maritime Inc (CTRM) stock ascended 6.48% at $0.19 in the pre-‎market trading today following the announcement of pricing of $18.0 million registered direct offering.‎

    ‎Sundial Growers Inc (SNDL) gained over 2.30% at $0.48 in pre-market ‎trading on Monday.‎ The company recently revealed that it has closed the acquisition of a special purpose vehicle.

    Top Upgrades & Downgrades

    Barclays turned bullish on Ally Financial Inc. (ALLY), upgrading the stock to “Overweight” and assigning a $48 price target.

    The Goldman Sachs Group Inc. (GS) has won the favor of Barclays’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $362.

    Morgan Stanley (MS) received an upgrade from analysts at Barclays, who also set their one-year price target on the stock to $88. They changed their rating on MS to Overweight from Equal-Weight in a recently issued research note.

    Earlier Monday Jefferies reduced its rating on Masco Corp (NYSE: MAS) stock to Hold from Buy and assigned the price target to $61.

    Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Zions Bancorporation (NASDAQ: ZION) has been changed to Equal Weight from Overweight and the new price target is set at $50.

    Analysts at Barclays downgraded Citigroup Inc (NYSE: C)’s stock to Equal Weight from Overweight on Monday.

    Latest Insider Activity

    AbbVie Inc. (ABBV) EVP, Commercial Operations Stewart Jeffrey Ryan announced the sale of shares taking place on Dec 29 at $105.00 for some 25,290 shares. The total came to more than $2.66 million.

    Walmart Inc. (WMT) 10% Owner WALTON JIM C sold on Dec 30 a total 372,175,368 shares at $144.23 on average. The insider’s sale generated proceeds of almost $229.12 million.

    The Kroger Co. (KR) Director SARGENT RONALD declared the purchase of shares taking place on Dec 30 at $31.65 for some 3,200 shares. The transaction amount was around $0.1 million.

    Clearside Biomedical Inc. (CLSD) 10% Owner WHITMORE BRADFORD T bought on Dec 24 a total 3,179,095 shares at $1.95 on average. The purchase cost the insider an estimated $99,897.

    Important Earnings

    Top US earnings releases scheduled for tomorrow include SMART Global Holdings Inc. (NASDAQ:SGH). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.7 per share from revenues of $290.93M in the three-month period.

  • The best-performing stocks in the Solar Sector last trading session

    The best-performing stocks in the Solar Sector last trading session

    During the third quarter of 2020, U.S. solar firms built 3.8 GW of new solar PV capacity. The industry struggled to recover from some of the worst effects of the Covid-19 pandemic in Q2, which saw installations rise by 9%.

    The Solar Energy Industries Association (SEIA) and Wood Mackenzie have released the “US Solar Market Insight Q4 2020” report, which indicates that solar will account for 43% of all additional capacity additions through Q3 2020, more than any other electricity source. In 2020, a record 19 GW of new solar capacity is projected, representing a 43% year-over-year increase from 2019.

    The residential solar sector, which seems to have been the hardest hit by the pandemic’s business effects, has surpassed recovery expectations, rising 14 percent over Q2. Even it stayed below the rate of Q1.

    Following are the best performing stocks in the Solar Sector in the last trading session.

    Array Technologies Inc. (NASDAQ:ARRY) shares were trading up 4.57% at $38.64 at the time of writing on Tuesday. On December 7, 2020, the company declared the closing of the secondary offering by a parent entity of the Company controlled by Oaktree Capital.

    Array Technologies Inc. (NASDAQ:ARRY) share price went from a low point around $29.05 to briefly over $50.99 in past 52 weeks, though shares have since pulled back to $38.64. ARRY market cap has remained high, hitting $4.86B at the time of writing, giving it price-to-sales ratio of more than 5.

    If we look at the recent analyst rating ARRY, JP Morgan upgraded coverage on ARRY shares with an Overweight rating and a $45.39 price target, which implies room for 6.75% upside momentum this year.

    Canadian Solar Inc. (CSIQ) last closed at $43.02, in a 52-week range of $12.00 to $45.70. The firm on November 23, 2020 reported that it signed a power purchase agreement with BTG Pactual and that it was awarded with two projects in a private auction by Furnas Centrais Elétricas for a total of 862 MWp in solar power projects in Brazil. Analysts have a consensus price target of $45.57.

    Enphase Energy Inc. (ENPH) stock soar by 10.61% to $160.46. The company recently revealed the launch of the Enphase Installer Network (EIN) in Australia. The most recent rating by Piper Sandler, on December 11, 2020, is at an Overweight.

    First Solar Inc. (NASDAQ:FSLR) Shares headed rising, higher as much as 5.39%. The most recent rating by Piper Sandler, on December 11, 2020, is at a Neutral.

    JinkoSolar Holding Co. Ltd. (NYSE:JKS) rose 17.78% after gaining more than $9.55 on Tuesday following declaration of changes to its senior management team.

    Sunnova Energy International Inc. (NOVA) last closed at $42.97, in a 52-week range of $6.12 to $46.00. On December 4, 2020, the firm reported that it closed its securitization of leases and power purchase agreements on November 30, 2020. Analysts have a consensus price target of $40.18.

    Sunrun Inc. (RUN) stock soar by 10.63% to $63.17. The firm on November 24, 2020 reported five environmental justice initiatives to expand access to solar and its benefits. The most recent rating by UBS, on October 27, 2020, is at a Sell.

    SolarEdge Technologies Inc. (NASDAQ:SEDG) Shares headed rising, higher as much as 6.97%. The most recent rating by Piper Sandler, on December 11, 2020, is at an Overweight.

    ReneSola Ltd (NYSE:SOL) rose 17.19% after gaining more than $1.2 on Tuesday. The company stated on December 8, 2020, that China’s Ministry of Finance approved ten of the Company’s rooftop projects to receive incentive payments.

    SPI Energy Co. Ltd. (SPI) last closed at $7.64, in a 52-week range of $0.55 to $46.67.

    SunPower Corporation (SPWR) stock soar by 13.10% to $24.87. The firm on November 24, 2020, declared a tender offer to purchase any and all of its outstanding 0.875% Convertible Senior Debentures due 2021. The most recent rating by UBS, on October 27, 2020, is at a Sell.

    Sunworks Inc. (NASDAQ:SUNW) Shares headed rising, higher as much as 12.81%. On December 7, 2020, the company announced that it has sold approximately 3.8 million shares of common stock. The most recent rating by ROTH Capital, on April 02, 2020, is at a Neutral.

    VivoPower International PLC (NASDAQ:VVPR) rose 19.16% after gaining more than $1.23 on Tuesday after announcing the appointment of Gemma Godfrey to the Company’s Board of Directors.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    The session on December 11, the American stock indexes finished in different directions. The S&P 500 Index dropped 0.13% to 3663 points, the Dow Jones added 0.16%, the NASDAQ lost 0.23%. At the beginning of trading, quotes went down for a short time, but most of the losses during the day were compensated, thanks to positive macro statistics. The communications sector emerged as the clear leader, rallying 1.15% on higher Disney shares. The financial and energy sectors looked weaker than the market, losing about 1% due to the fixation of positions after the rally.
     

    Corporate News
     

    Walt Disney (DIS: + 13.6%) management shared plans and forecasts for streaming services Disney +, Hulu, ESPN + and Star. The cumulative number of subscribers is expected to grow from the current 137 million to 300-350 million by FY2024.
     

    Apple (AAPL: -0.7%) is developing its own modem for its future devices. The news put pressure on shares of Qualcomm (QCOM: -7.4%), a chip maker for 5G communications.
     

    Oracle’s quarterly results (ORCL: + 1.8%) exceeded expectations on strong demand for cloud services.
     

    Today, world stock exchanges are showing mostly positive dynamics. The vaccination campaign can start today. Moderna’s vaccine may be approved this Friday, December 18th, but that too will not come as a surprise to market participants. On the eve of the US authorities issued an order for 100 million of anti-clotting vaccines from this company.
     

    The discussions on the stimulus package remain in the focus of investors’ attention, especially in light of the weak data on jobless claims last week. Today, lawmakers will present a detailed bill on the $ 908 billion package, which can be split into two blocks. One of the blocks will contain support measures that are less controversial among lawmakers. Even a compromise solution on this issue will be welcomed by investors.

    Top Upgrades & Downgrades


    KeyBanc turned bullish on Welltower Inc. (WELL), upgrading the stock to “Overweight” and assigning a $70.0 price target.
     

    RPT Realty (RPT) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $11.0.
     

    The Macerich Company (MAC) received an upgrade from analysts at KeyBanc. They changed their rating on MAC to Sector Weight from Underweight in a recently issued research note.
     

    Earlier Monday KeyBanc reduced its rating on Xenia Hotels & Resorts Inc. (XHR) stock to Sector Weight from Overweight.
     

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Healthpeak Properties Inc. (PEAK) has been changed to Sector Weight from Overweight.
     

    Analysts at KeyBanc downgraded Retail Opportunity Investments Corp. (ROIC)’s stock to Sector Weight from Overweight on Monday.

    Today Top Movers


    Sundial Growers Inc (SNDL) went up 3.69% in today’s premarket session following a declaration from the firm that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market.
     

    Ideanomics Inc (IDEX) share price surged 11.96% at $2.06 in premarket session on Monday. Investors should take the recent surge in Ideanomics’ share price as a cautionary sign.
     

    Veru Inc (VERU) stock soared 21.16% in early morning trading session today. The firm recently declared that it has exclusively licensed worldwide rights to enobosarm, a late-stage oral novel androgen receptor (AR) targeting agent for the treatment of endocrine resistant ER+ HER2- metastatic breast cancer.

    Latest Insider Activity


    Progyny Inc. (PGNY) 10% Owner TPG Group Holdings (SBS) Advis announced the sale of shares taking place on Dec 10 at $37.52 for some 73,100 shares. The total came to more than $2.74 million.
     

    Enphase Energy Inc. (ENPH) Director Malchow Joseph Ian sold on Dec 11 a total 82,950 shares at $143.90 on average. The insider’s sale generated proceeds of almost $0.43 million.
     

    Gran Tierra Energy Inc. (GTE) Director Wade Brooke N. declared the purchase of shares taking place on Dec 09 at $0.39 for some 200,000 shares. The transaction amount was around $78000.0.
     

    Allied Esports Entertainment Inc. (AESE) 10% Owner Knighted Pastures LLC bought on Dec 10 a total 3,945,720 shares at $1.14 on average. The purchase cost the insider an estimated $99,194.

    Earnings To Watch


    Top US earnings releases scheduled for today include Champions Oncology Inc. (NASDAQ: CSBR). It will announce its Oct 2020 financial results. The company is expected to report revenues of $9.38M in the three-month period.
     

    Analysts expect Qudian Inc. (NYSE: QD) to report a net income (adjusted) of $0.04 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $165.18M.
     

    Vince Holding Corp. (VNCE), due to announce earnings after the market closes today, is expected to report earnings of $0.44 per share from revenues of $65.9M recently concluded three-month period.

  • Top 15 Solar Stocks For October 2020

    Top 15 Solar Stocks For October 2020

    The solar industry has entered into a new era of growth from the past few decades with the increase in innovations, cost competitiveness, and customer demands. The industry is striving to provide the best-in-class and frictionless experience to its customers. Solar energy is basically the radiant energy emitted from the sun, which is utilized by using various technologies such as solar heating, photovoltaic cells, and others.

    Solar energy is an efficient form of unconventional energy and a convenient renewable solution toward growing greenhouse emissions and global warming. The future of the solar industry is always bright because this industry is providing energy-efficient solutions to various businesses. Technological advancements have transformed the solar industry completely.

    Let’s take a quick look at the top 15 companies in the solar industry that are competing in the fast-growing markets:

    Beam Global (NASDAQ: BEEM)

    Beam Global (NASDAQ: BEEM) shares were trading up 7.29% at $16.49 at the time of writing on Wednesday. Beam Global (NASDAQ: BEEM) share price went from a low point around $3.90 to briefly over $17.79 in the past 52 weeks, though shares have since pulled back to $16.49. BEEM market cap has remained high, hitting $91.68M at the time of writing, giving it a price-to-sales ratio of more than 10. Beam Global (BEEM) has earlier deployed the first Beam-branded EV ARC™ 2020 charging unit.

    Canadian Solar Inc. (NASDAQ: CSIQ)

    Canadian Solar Inc. (NASDAQ: CSIQ) last closed at $40.78, in a 52-week range of $12.00 to $39.99. Analysts have a consensus price target of $31.49. Canadian Solar Inc. (CSIQ) disclosed earlier the financial close of its 126 MWp Tastiota project in the state of Sonora, Mexico. The non-recourse financing package, arranged by Canadian Solar, was provided by Sumitomo Mitsui Banking Corporation.

    Enphase Energy Inc. (NASDAQ: ENPH)

    Enphase Energy Inc. (NASDAQ: ENPH) stock soar by 9.38% to $107.82. The most recent rating by BofA Securities, on October 01, 2020, is at a Buy. Enphase Energy Inc. (ENPH) disclosed that 603 Solar deployed a 16.8 kW DC solar array on the town hall building for the community of Shelburne, New Hampshire. After other recent energy efficiency upgrades to the town hall building, the solar system from 603 Solar is expected to offset 100% of the building’s energy needs.

    JinkoSolar Holding Co. Ltd. (NYSE: JKS)

    JinkoSolar Holding Co. Ltd. (NYSE: JKS) rose 17.04% after gaining more than $8.14 on Wednesday. JinkoSolar Holding Co. Ltd. (JKS) announced its unaudited financial results for the second quarter ended June 30, 2020. Its Module shipments in the second quarter increased significantly compared with the first quarter, despite the negative impact caused by the global pandemic.

    Maxeon Solar Technologies Ltd. (NASDAQ: MAXN)

    Maxeon Solar Technologies Ltd. (MAXN) last closed at $18.78, in a 52-week range of $11.78 to $37.62. Analysts have a consensus price target of $18.00. Maxeon Solar Technologies Ltd. (MAXN) announced that its management will present on UBS Global Energy Transition Call Series on October 9, 2020.

    Sunrun Inc. (NASDAQ: RUN)

    Sunrun Inc. (NASDAQ: RUN) Shares headed falling, lower as much as -0.66%. The most recent rating by Piper Sandler, on October 07, 2020, is at a Neutral. CHANEL announced earlier it has committed $35 million toward solar energy projects for low-income multifamily households with Sunrun Inc. Sunrun Inc. (RUN) market capitalization has remained high, hitting $10.36 billion at the time of writing.

    SolarEdge Technologies Inc. (NASDAQ: SEDG)

    SolarEdge Technologies Inc. (NASDAQ: SEDG) rose 12.24% after gaining more than $33.28 on Wednesday. SolarEdge Technologies Inc. (SEDG) revealed the pricing of $550 million aggregate principal amount of 0.00% Convertible Senior Notes due 2025 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

    Sunnova Energy International Inc. (NYSE: NOVA)

    Sunnova Energy International Inc. (NOVA) stock soar by 3.35% to $28.99 after Sunnova Announces Third Quarter 2020 Earnings Release Date and Conference Call. The most recent rating by Piper Sandler, on October 07, 2020, is at an Overweight.

    ReneSola Ltd (SOL)

    ReneSola Ltd (SOL) last closed at $3.50, in a 52-week range of $0.85 to $2.98. Analysts have a consensus price target of $3.17. ReneSola Ltd (SOL) disclosed that it entered into a strategic partnership agreement with Vodasun to co-develop and market ready-to-build (RTB) ground-mounted solar projects in Germany.

    Sunworks Inc. (NASDAQ: SUNW)

    Sunworks Inc. (NASDAQ: SUNW) rose 45.00% after gaining more than $1.26 on Wednesday. Sunworks Announces $10 Million in Q3 Project Wins, Representing an Acceleration in Activity and Improving Market Conditions.

    SPI Energy Co. Ltd. (NASDAQ: SPI)

    SPI Energy Co. Ltd. (NASDAQ: SPI) stock soar by 7.46% to $8.35. SPI Energy Co. Ltd. (SPI) disclosed that on October 7, 2020, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market, indicating that for the ten consecutive trading days from September 23, 2020, to October 6, 2020, the Company’s Market Value of Publicly Held Shares had been $15,000,000 or greater as required for continued listing on The Nasdaq Global Select Market.

    SunPower Corporation (NASDAQ: SPWR)

    SunPower Corporation (NASDAQ: SPWR) Shares headed rising, higher as much as 11.02%. The most recent rating by Piper Sandler, on October 07, 2020, is at an Overweight. SunPower Corporation (SPWR) announced the creation of two new leadership positions at the company to lead all initiatives related to Environmental, Social and Corporate Governance (ESG) and Diversity, Equity and Inclusion (DE&I), respectively.

    VivoPower International PLC (NASDAQ: VVPR)

    VivoPower International PLC (NASDAQ: VVPR) stock soar by 7.14% to $10.50. VivoPower International PLC (VVPR) disclosed that it has appointed Matthew Nestor as Sales Director for North America to spearhead the rollout of VivoPower’s sustainable energy solutions (SES) offering to customers in the United States and Canada.

    First Solar Inc. (NASDAQ: FSLR)

    First Solar Inc. (NASDAQ: FSLR) shares headed rising, higher as much as 7.18%. The most recent rating by BofA Securities, on August 07, 2020, is at a Buy. First Solar Inc. (FSLR) stock has fluctuated between a 52-weeks low range of $28.47 and a high range of $81.87. It has moved up 176.47% from its 52-weeks low and moved down -3.86% from its 52-weeks high.

    Vivint Solar Inc. (NYSE: VSLR)

    Vivint Solar Inc. (NYSE: VSLR) last closed at $43.08, in a 52-week range of $3.17 to $45.25. Analysts have a consensus price target of $20.38. Vivint Solar Inc. (VSLR) has moved up 1258.99% from its 52-weeks low and moved down -4.80% from its 52-weeks high. It has a market capitalization of $5.66 billion at the time of writing.

  • Here Are 10 Best Solar Industry Stocks To Consider

    Here Are 10 Best Solar Industry Stocks To Consider

    Solar Industry is considered to be the fast-growing industry around the globe. This industry is entered into the new era of growth with an increase in customer demands, innovation, and cost competitiveness. The low cost of solar will be the main source for developing countries where we have seen the continued adoption of solar energy, especially in separated areas where extending the existing grids system isn’t a good choice financially.

    The companies in the solar industry are involved in the selling of photovoltaic installation products, as well as solar renewable energy certificates. Some companies are engaged in designs, development, manufacturing, and selling solar ingots, wafers, cells, modules, and other solar power products. There are various other companies that have different services and products in this industry.

    Here’s a look at how the solar industry has evolved and where it’s headed in 2020:

    SPI Energy Co. Ltd. (NASDAQ: SPI)

    SPI Energy Co. Ltd. (NASDAQ: SPI) last closed at $9.99, in a 52-week range of $0.55 to $46.67. SPI Energy Co. Ltd. has earlier revealed that it has launched EdisonFuture, Inc., a wholly-owned subsidiary of SPI Energy, to design and develop electric vehicles (“EV”) and EV charging solutions. The company disclosed that this is an important milestone for SPI Energy.

    Sunrun Inc. (NASDAQ: RUN)

    Sunrun Inc. (NASDAQ: RUN) stock soar by 9.62% to $66.46. The most recent rating by KeyBanc Capital Markets, on July 13, 2020, is at an Overweight. Previously, CHANEL has revealed that it has committed $35 million toward solar energy projects for low-income multifamily households with Sunrun Inc. Sunrun Inc. market cap has remained high, hitting $7.69 billion at the time of writing.

    JinkoSolar Holding Co. Ltd. (NYSE: JKS)

    JinkoSolar Holding Co. Ltd. (NYSE: JKS) Shares headed rising, higher as much as 8.41%. The most recent rating by Credit Suisse, on September 24, 2020, is at an Outperform. Previously, JinkoSolar Holding Co. Ltd. (JKS) has announced the second-quarter results ended on June 30, 2020. Its module shipment increased in Q2 as compared to Q1. Its total revenues were RMB8.45 billion (US$1.20 billion), exceeding JinkoSolar’s guidance range of US$1.10 billion to US$1.18 billion.

    SunPower Corporation (NASDAQ: SPWR)

    SunPower Corporation (NASDAQ: SPWR) rose 5.13% after gaining more than $0.52 on Friday. SunPower Corporation (SPWR) has earlier secured financing commitments from Hannon Armstrong Sustainable Infrastructure Capital, Inc. and other capital providers for its residential solar lease program, as well as its new solar plus storage program, SunPower Equinox system with SunVault™ storage.

    Canadian Solar Inc. (NASDAQ: CSIQ)

    Canadian Solar Inc. (NASDAQ: CSIQ) stock soar by 7.63% to $32.18. The most recent rating by Cascend Securities, on August 16, 2019, is at a Buy. Canadian Solar Inc. (CSIQ) has issued a statement in a patent lawsuit filed by Solaria in April 2020 in the U.S. District Court in Oakland, California, entitled The Solaria Corporation v. Canadian Solar Inc. CSIQ said that none of the products at issue in the case infringe the Solaria patents. Solaria withheld key evidence from the U.S. Patent Office when seeking its patents and this, among other reasons, renders the asserted claims both invalid and unenforceable.

    Enphase Energy Inc. (NASDAQ: ENPH)

    Enphase Energy Inc. (NASDAQ: ENPH) rose 6.07% after gaining more than $4.21 on Friday. Enphase Energy Inc. (ENPH) has earlier hosted a Made in Mexico event at the Flex manufacturing facility in Guadalajara, Mexico. The Company was honored to welcome Christopher Landau, the U.S. Ambassador to Mexico, to the event as he received a facility tour and overview of Enphase’s investment in Mexico.

    Sunworks Inc. (NASDAQ: SUNW)

    Sunworks Inc. (NASDAQ: SUNW) shares were trading down -46.82% at $2.09 at the time of writing on Friday. Sunworks Inc. (NASDAQ: SUNW) share price went from a low point around $0.29 to briefly over $8.50 in the past 52 weeks, though shares have since pulled back to $2.09. SUNW market cap has remained high, hitting $65.40M at the time of writing, giving it a price-to-sales ratio of more than 1. If we look at the recent analyst rating SUNW, ROTH Capital downgraded coverage on SUNW shares with a Neutral rating.

    First Solar Inc. (NASDAQ: FSLR)

    First Solar Inc. (NASDAQ: FSLR) last closed at $63.05, in a 52-week range of $28.47 to $81.87. Analysts have a consensus price target of $68.74. First Solar Inc. (FSLR) has moved up 121.46% from its 52-weeks low and moved down -22.99% from its 52-weeks high. First Solar Inc. has a total market capitalization of $6.50 billion at the time of writing.

    Vivint Solar Inc. (NYSE: VSLR)

    Vivint Solar Inc. (NYSE: VSLR) Shares headed rising, higher as much as 9.56%. The most recent rating by JMP Securities, on July 07, 2020, is at an Mkt perform. Vivint Solar Inc. (VSLR) share price went from a low point around $3.17 to briefly over $36.55 in the past 52 weeks, though shares have since pulled back to $36.43. VSLR market cap has remained high, hitting $4.19 Billion at the time of writing.

    Sunnova Energy International Inc. (NYSE: NOVA)

    Sunnova Energy International Inc. (NYSE: NOVA) last closed at $26.52, in a 52-week range of $6.12 to $29.61. Analysts have a consensus price target of $30.70. Sunnova Energy International Inc.’s market cap has remained high, hitting $2.25 Billion at the time of writing.