April 16, 2024
Tesla’s 1Q24E Revs/non-GAAP EPS Appear Set to Miss Wall Street’s Estimate… by a “Nautical Mile”; But What About 2Q24E? After spending the better part of this past weekend updating our bottom-up TSLA revenue driver model…
April 11, 2024
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 1-2), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…
March 28, 2024
Is Cleveland Cliffs Really a BUY Here? With the S&P 500 up +10.0% year-to-date (“YTD”), vs. CLF being up +8.4% over the same timeframe (i.e., CLF has underperformed), not to mention the QQQs being up…
March 13, 2024
Higher Interest Rates are Making Canadian Solar’s Ability to Sell its Utility-Scale Solar Projects “Very Difficult”. As a reminder, we note: (1) in 2Q23, CSIQ saw its Recurrent Energy segment deliver $360mn in revenues at…
March 7, 2024
So… is Jinko Solar Still a Good Short, or Has that Train Left the Station? In the analysis that follows, we update our views on global solar wafer/cell/module bellwether Jinko Solar, to include: (a) our…
March 4, 2024
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 1-2), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China…
February 29, 2024
The Cost of Sunrun’s Recent $475mn Convertible Bond Issue May Surprise You (link). As a reminder to those who don’t have a doctorate in “bond math”, when an investor buys a convertible bond they are…
February 20, 2024
Is the Fed Using the Wrong Neutral Rate, Suggesting they are Sleepwalking the US Economy into a Much “Nastier” Recession than if they Weren’t Constantly Pushing Imminent Rate Cuts as a Certainty? Based on the…
February 8, 2024
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 1-15), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…
February 7, 2024
Solar Stocks are Roaring Higher Today, Despite Enphase’s 4Q24 Revs. Missing a Q4 Street Est. that Had Been Cut -51.9% Over the Past 6 Months (yes, you heard that right); Does this Make (Any) Sense?…
February 6, 2024
Looking Past Last Year’s Delayed Recession, the Real Thing Appears Set to Take Hold in 2024. While steel industry CEO’s have maintained a positive bias thru 4Q23 earnings reporting season, contrary to the belief of…
February 1, 2024
We Have Constructed a Model Based on a 7.5kW and 3.5kW Residential Rooftop Solar Home System Financed via a Loan in Greenwich, CT, Using NREL’s PVWatts Calculator; Our Findings were Rather Surprising Given the US…
January 25, 2024
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 2-3), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…
January 25, 2024
So What Happened, and Why are we Calling the World’s Richest Man a “Sleazy” Used Car Salesman? In this note, we provide what we see as the eight key takeaways from TSLA’s just-reported 4Q23 results,…
January 23, 2024
So, What’s Up Next for Tesla and Electric Vehicle “Jesus” Elon Musk? With a cult-like following among retail investors (see here), exacerbated by the fact that the arguably most-followed sell-side analyst on TSLA came out…