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.]

China’s Hanergy buys U.S. developer of thin-film solar cells

http://mobile.reuters.com/article/idUSKBN0GD0BJ20140813?irpc=932

“BEIJING (Reuters) – Chinese clean energy generator Hanergy Holding Group Ltd on Wednesday said it has broadened its solar power technology portfolio with the purchase of Alta Devices Inc, a California-based developer of thin-film solar cells.

The acquisition comes a year after Hanergy bought Arizona-based Global Solar Energy Inc, which in turn followed the purchases of Silicon Valley start-up MiaSole and Germany’s Q Cells AG [QCEG.UL] subsidiary Solibro GmbH.”

Chevron Puts Hawaiian Solar Projects on Ice – Businessweek | http://mobile.businessweek.com/articles/2014-08-13/chevron-puts-hawaiian-renewale-energy-projects-on-hold

http://mobile.businessweek.com/articles/2014-08-13/chevron-puts-hawaiian-renewale-energy-projects-on-hold

The tabled projects, first reported earlier this week by Pacific Business News, include a farm of solar panels that would have spanned almost five acres, supplying as much as 1 megawatt of electricity to the local utility. Chevron also shelved a demonstration solar thermal project, which would have covered about 15 acres and used mirrors to generate steam to help power the Hawaii refinery.

In recent months, Chevron, the second-biggest oil company in the U.S., has quietly been pulling back from renewable-energy endeavors, despite a long-promoted commitment to develop what its corporate website calls “newer, cleaner ways to power the world.”