March 26, 2025
Is the Recent U.S. Stock Market Rally on its “Last Leg”? With U.S. tax season nearing, meaning a material amount of liquidity is set to exit the U.S. market, combined with the share buyback blackout…
March 24, 2025
Data out of California Last Week Provides Bird’s Eye View into 1Q25E Earnings Season for the MLPE U.S. Inverter Bellwethers (i.e., SEDG + ENPH). In what follows, we detail the key takeaways from: (a) the California Solar Initiative…
March 5, 2025
California Solar Initiative (“CSI”) Data Sheds Light on State of Affairs for Module Level Performance Electronic (“MLPE”) Bellwethers Enphase and SolarEdge. In this note, we provide the key takeaways from December’s CSI data dump, and…
February 18, 2025
China Plans Mid-Year Change to the Way it Compensates Renewable Energy. Beginning June 1st, China plans to end its fixed pricing mechanism for renewable energy and require electricity generated from such sources to be sold…
February 12, 2025
Is U.S. Treasury Secretary Scott Bessent About to Unleash the U.S. Liquidity Kraken? In general, U.S. liquidity defined as: Δ in Fed Bal. Sheet – Δ in Treasury General Account (“TGA”) – Δ in Reverse…
January 14, 2025
Is It True that if One Can Accurately Predict the Path of US Treasury Yields, One Can Also, With Great Veracity, Predict What US Solar Stocks Will Do? As outlined in Ex. 1 below, since…
January 12, 2025
“It’s Liquidity that Moves Markets” – Stanley Druckenmiller. In this note, we look to address the n-term outlook for U.S. equities when considering: (a) the Overnight Reverse Repo (“RRP”) facility, or money created during the…
December 23, 2024
Data out of California Last Week Provides Bird’s Eye View into 4Q24E Earnings Season for the MLPE U.S. Inverter Bellwethers (i.e., SEDG + ENPH). In what follows, we detail the key takeaways from: (a) the California…
December 12, 2024
Data out of California This Week Provides Bird’s Eye View into 4Q24E Earnings Season for the MLPE US Inverter Suppliers. In what follows, we detail the key takeaways from the California Solar Initiative (“CSI”) Oct….
November 26, 2024
The Resi Solar Stocks have Staged a Magnificent Rally Off the Lows. Using our “Resi Solar Index”, which is simply the sum of the market caps for SEDG + ENPH + NOVA + RUN, we…
November 5, 2024
Update from California Solar Initiative (“CSI”) – Pulse on US Solar Market Thru Sep. 2024 (3Q24 Solar Market Sales in California Down -43.5% YoY & -0.6% QoQ, with Sep. 2024 Sales Down -32.8% & -7.4% YoY…
November 4, 2024
How Have Solar Stocks Performed, Post Election, Since Obama was First Elected (i.e., Nov. 5th, 2008)? In this note we look at how the Invesco Solar TAN ETF Index has performed over the last four…
October 30, 2024
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate, segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, all solar substrates in China were…
October 2, 2024
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate, segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China were not…
September 30, 2024
On Sep. 23rd, China’s National Energy Administration (“NEA”) Released Data on Chinese Solar Installs Through Aug. 2024. In what follows, we provide an update on the state of the world’s most important solar market, China….