March 22, 2023
Graphite Electrode Prices “Quiet” this Week After Big Declines; US HRC Prices Appear to be Stabilizing. Below, in Ex. 1, we provide 2023 (i.e., WoW, MoM, YoY, and YTD) pricing gyrations for a number of different graphite…
March 22, 2023
Commentary from 3/22/23 – PVInsights. “Surging supply keep weakening polysilicon and solar modules. Polysilicon prices weakened this week as suppliers worried about a potential escalation of inventories amid rising supply, and Chinese buyers stayed their expectation…
March 20, 2023
We Have Updated our 35-Page Solar Deck. In short, the core themes detailed in our updated solar pitch book include: (1) our view that pol-Si will return to oversupply this year, crashing prices back down…
March 19, 2023
Skimming Sunnova’s 8-K Filings this Morning, we Made a Significant Discovery. Skimming NOVA’s website today, we found a groundbreaking 8-K filing that seems to be flying under the radar. That is, we found that: (a)…
March 15, 2023
Graphite Electrode Prices “Quiet” this Week After Big Declines; US HRC Prices Appear to be Stabilizing. Below, in Ex. 1, we provide 2023 (i.e., WoW, MoM, YoY, and YTD) pricing gyrations for a number of different graphite…
March 15, 2023
Commentary from 3/15/23 – PVInsights. “Polysilicon struggles between sales and pricing amid rising inventories and surge downside risks. Polysilicon prices tumbled on Wednesday as the disappointing stockpile drawdown raised fears of the glut and weighed on…
March 10, 2023
Should Investors Worry that US M2 is Officially Falling as the Velocity of M2 Stages a Violent Resurgence? As we’re seeing with Silicon Valley Bank (SIVB; NC), free money, while attractive when it’s flowing, can…
March 9, 2023
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 3-4), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend and PVInsights, respectively. This week, price changes in China for…
March 8, 2023
Graphite Electrode Prices Give Back (Even More) of the Recent Gains. Below, in Ex. 1, we provide 2023 (i.e., WoW, MoM, YoY, and YTD) pricing gyrations for a number of different graphite electrode substrates in RMB and…
March 8, 2023
Commentary from 3/8/23 – PVInsights. “Polysilicon prices slide on surging inventory dumping tensions. Polysilicon prices tumbled on Wednesday as the market reeled from fears of another ramp-up in capacity expansion and a large build in China…
February 28, 2023
The Fed’s Inflation Problem is Turning into a “Horror Movie”. As we have said many times, the Fed’s measuring stick for its 2% inflation target is the Personal Consumption Expenditures (“PCE”) price index, and specifically…
February 22, 2023
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 12-13), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend and PVInsights, respectively. Last week, price changes in China for…
February 21, 2023
Global Central Banks Saw Their Combined Balance Sheets Fall -$237.1B 2/8/23-to-2/15/23, Led by the ECB’s -$127.0B Week-over-Week (“WoW”) Fall. We are of the mindset that the surge in global liquidity since the onset of COVID…
February 13, 2023
What is the Best Measure of Liquidity, and is the Recent “Reckless” Infusion of Liquidity by the Fed the Real Reason Stocks Have Surged Since 2009? In short, looking at the .OLIQ G INDEX on…
February 5, 2023
There has been an Earthquake at Quant Funds that Has Sent Meme Stocks (TSLA + AMC + COIN + GME + BBBY + etc.) Soaring; is it Sustainable? The bears have been decimated this year,…