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Solar Stocks take a hit (Patreon)

Published:
2023-10-20 00:48:05
Imported:
2023-10

Content


Solar power stocks, led by SolarEdge Technologies, saw a sharp decline due to significantly reduced demand in Europe. Enphase was caught up in the mix. Down to $100 in after hours.  For me it is a small position and it is now underwater after being up for a few days. 

ENPH is still very strong and very undervalued - I may sit this one out or hold. Will let you all know. 


OTHER DETAILS

  1. SolarEdge stock plummeted 20%, with competitors Enphase Energy, Sunrun, and SunPower also experiencing drops.
  2. SolarEdge's third-quarter revenue guidance was revised downwards to $720-730 million from an initial forecast of $880-920 million.
  3. Operating income estimates were cut drastically, now ranging between $12-31 million, down from a previous $115-135 million projection.
  4. SolarEdge anticipates even lower revenues for Q4 2023, citing ongoing inventory destocking and a lackluster solar installation season in Europe.

Files

Comments

Anonymous

Solana pumping tho 😍

Anonymous

Solar & wind are struggling to get investment now. The returns are not there and the tech isn't ready. I think we need to wait 5 to 10 years for this one to show something if ever.

Anonymous

If, and by no means certain, they cut rates, there are so many companies that could potentially shoot up like Enphase- & telsa, if rates are the reason for sales challenges (elon earnings call), reverse that & whoosh. But months of pain first.

Anonymous

i dont get it? i have solar at my home past 8 years on my business past 2 years now installing on my van and im UK thats as high latitude as Hudson Bay, every one wants solar, unless its because they lowered the prices.

Anonymous

I bought Solaredge years ago and it more than tripled when I sold. ENPH is now the new industry standard f optimal system / monitoring. That said the new REC and Q cell solar panels have a new tech called half cell that partly immunized them from uneven shading. It means a lot. People who have 80 to 100 percent sun spread evenly over a panels array may no longer need the extra expense/repairs of multiple micro inverters and may opt f instead a single optimizer and single string invertor on an array of half cell tech solar panels.

Anonymous

Was almost going to pick some up the other day...maybe today I will do a .5% allocation of ENPH....not much powder laying around except for emergency fund...

Anonymous

We are still in early adoption phase and with ROI climbing each year, the tipping point is not far into the future. ROI in sunny US states at 30%. When the entire world gets that kind of a return, demand explodes

Anonymous

Is 99 dollar a buy for enphase?? Earnings not far away.

Anonymous
>>120260411

I added 60% to my bag. It’s way oversold, but if earnings have a big miss, it may go lower.

Anonymous

I am curious how you're feeling about this at $80? Given their earnings and the news around solar.