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  • SPI Energy Co. Ltd. (SPI) Rallies Big on Improved Guidance for 2022. Let’s Have a Look?

    SPI Energy Co. Ltd. (SPI) Rallies Big on Improved Guidance for 2022. Let’s Have a Look?

    Solar Energy (Photo-voltaic is gaining popularity due to many reasons, the crucial ones being environment and climate change along with depleting natural resources. Estimates place solar energy at the center of sources of electrical power by 2030 at least.

    The PV (photovoltaic) energy market company, SPI Energy Co. Ltd. (SPI) stock had been trending big in the latest market session. Soaring over 33.45% at a hefty volume of 3.06 million shares, SPI rose to a value of $3.79 per share in the after-hours on Friday. This surge comes from the company’s 2021 year-end financial results along with revised guidance shared on the day.

    Source: Patriot Software

    The prior session had the stock valued at $2.84 per share while it declined by a slight 1.05% during the session.

    The China-based PV solutions provider was down by a huge 62.28% last year and has so far declined by 21.33% in 2022.

    SPI’s Fiscal 2021 Performance 

    While the company is yet to discuss the results, so far the financials look good with net sales of $162.0 million for 2021. The net sales marked a nice growth of almost 17% YOY against $138.6 million in 2020.

    Other than this, the company had cash and cash equivalents of $9.8 million at the end of the year while total assets were worth $228.8 million (+5.4% YOY).

    Additionally, SPI will be hosting the earnings conference call and webcast on Monday, April 4, 2022, at 4:15 pm EST.

    2022’s Revised Outlook

    While the 2021 revenue missed the analyst’s expectations by $3.9 million, SPI provided strong revenue guidance despite global logistics and supply chain constraints. Thus, the expected revenue for fiscal 2022 is $200-$220 million. Earlier the company was expecting sales between $190 and $210 million in 2022.

    How is SPI doing in 2022?

    The company has maintained its focus on its residential solar business while also expanding its EV solutions segment. Just in the month of March, SPI’s Solar4America and SolarJuice Technology, both launched new solar modules and panels for residential and commercial markets. Soalr4America brought out its latest 380W and 410W solar panels to the residential market. And, SolarJuice launched 450W and 550W solar modules for commercial projects.

    Moreover, having completed the sale of a 4MW solar plant in Hawaii, SPI is developing Utility-Scale Solar Projects in Maryland and Will County, Illinois. Both the projects were secured by its subsidiary SPI Solar Inc.

  • 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.

  • 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.