No. 02 – Bullish on #Solar – #Stocks

What happens to an industry when the big names get hammered in the stock market? Everyone begins to worry.

SolarCity and Sunrun were once the market darlings but are now casualties of their own fame and the momentum of a larger downward trend in all markets, especial the oil industry. Cheap oil has reduced the urgency to switch to solar, at least in the consumers’mind.

But what about stocks? I though COP21 would have had a stronger affect on renewables. In 2014 I wrote about the solar trade war and how China would be left with glut of solar panels unless the Middle East and India stepped in the buy up the supply. It was surprising to hear Saudi Arabia  ambitiously tout their renewable energy plans, even implying that they would reduce their reliance on oil. Well, now we see the fruits of those seeds. (Saudi Arabia was smart enough to put quite a bit of cash in its sovereign wealth fund (which was the third largest in the world) to reduce the impact of the economic shocks.)

And what about Neveda and Net-metering? The debate has grown increasingly hot in Hawaii and Nevada, leading me to believe that utilities have fround their golden nugget. Nevada is a bear market for solar. Could that wave spread to other states and jurisdictions? Forget Big Oil, beware of Big Utility.

I’ve sold solar stocks toward the end of 2015, and the remaining stocks I have are so devalued that it wouldn’t make a difference if I continued to hold them. They can only increase in value. And that’s the outlook for solar – it can only get better, but it might get worst before it does.

[Update on my attempt to contact Solar companies operating in Nevada: I did receive one call from a gentleman operating there, and I want to apologize for not calling him back. Talk to you soon.]

Advance Of Three China Solar Stocks Breaks Tradition – Investors.com

In the past, makers of photo-voltaic power systems have tended to rise when oil prices rise, as alternatives to pricier oil and gas gain favor, and fall when oil prices drop. But since late June, as the U.S. benchmark West Texas Intermediate price has moved 15% downslope, a broad contingent of solar manufacturers have advanced, particularly those based in China.

Read More At Investor’s Business Daily: http://news.investors.com/investing-international-leaders/091214-717228-china-solar-stocks-gain-as-oil-prices-fall.htm#ixzz3DCTaWIyA 
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook http://news.investors.com/investing-international-leaders/091214-717228-china-solar-stocks-gain-as-oil-prices-fall.htm

Advance Of Three China Solar Stocks Breaks Tradition – Investors.com

In the past, makers of photo-voltaic power systems have tended to rise when oil prices rise, as alternatives to pricier oil and gas gain favor, and fall when oil prices drop. But since late June, as the U.S. benchmark West Texas Intermediate price has moved 15% downslope, a broad contingent of solar manufacturers have advanced, particularly those based in China.

Read More At Investor’s Business Daily: http://news.investors.com/investing-international-leaders/091214-717228-china-solar-stocks-gain-as-oil-prices-fall.htm#ixzz3DCTaWIyA 
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook http://news.investors.com/investing-international-leaders/091214-717228-china-solar-stocks-gain-as-oil-prices-fall.htm

Where’s Solar Headed In H2? Is There A Pot Of Gold At The End Of This Rainbow? | Seeking Alpha

“Summary

Solar stocks have seen a good amount of volatility over the last 3 months. Commercial solar installation is taking a front row seat for businesses looking to hedge against overhead costs. Large investment banks are taking more notice to the overall potential that solar will have in the coming years.”
http://seekingalpha.com/article/2474845-wheres-solar-headed-in-h2-is-there-a-pot-of-gold-at-the-end-of-this-rainbow?ifp=0

SolarCity Corp (SCTY) news: 3 Solid Reasons Why SolarCity’s Drop Is An Opportunity – Seeking Alpha

http://seekingalpha.com/article/2135353-3-solid-reasons-why-solarcitys-drop-is-an-opportunity

Summary
SolarCity shares have lost steam in the past one month due to legal troubles.
SolarCity’s business has been progressing well, with strong megawatt deployments and cost reductions.
Prospects in the solar industry remain strong, so SolarCity should continue outperforming going forward.”