August 17, 2026
Bottom Line: Our favorite solar science project printed a headline “beat” on every line the company would prefer you look at — and the stock fell -10.6% the next day anyway, because the market is…
August 13, 2026
Polysilicon Futures Spot Contract Price (CNY$38,010/ton = $5.41/kg) – up 7.1% w/w Note: Adjusted for CNY exchange rate and 13% VAT. Source: Guangzhou Futures exchange. Solar Pricing Metrics – 8/12/2026 Note: EnergyTrend discontinued slurry saw…
August 7, 2026
We spoke with divisional leadership at a private OEM targeting $1bn in revenues from RPPs, power whips, and other white-space solutions for data centers. Takeaways below. We spoke with a general manager at a data…
August 6, 2026
Our checks call out Vertiv as uniquely positioned to benefit from continuing acceleration as colocation providers and neo-clouds grow in importance to hyperscalers and frontier labs. We view Vertiv’s product strategy of pursuing a unified…
August 5, 2026
LME Metal Prices Mostly Higher vs. Previous Close: Today, Copper +1.53% to $6.43/lb; aluminum -0.08% to $1.59/lb; nickel -2.13% to $8.80/lb; zinc +1.16% to $1.69/lb; lead +2.12% to $1.05/lb; gold +1.85% to $4,153/oz; silver +3.00%…
August 5, 2026
Polysilicon Futures Spot Contract Price (CNY$35,480/ton = $5.05/kg) – up 8.6% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 8/5/2026 Note: EnergyTrend discontinued slurry saw price…
August 4, 2026
Bottom Line Following NXT’s F1Q27 print (7/30) and the July drawdown, we hosted a Fireside Chat with CFO Chuck Boynton and IR. The call resolved the quarter’s three optical controversies — the FQ1-to-FQ2 tariff bridge,…
August 3, 2026
We view a topline miss as non-core (PetChems) as Powell dazzles us with major order flow – 3.0x book-to-bill vs. our 2.2x as a take-or-pay backlog accelerates +71% Y/Y. Expect management to further lay out…
August 3, 2026
Nextpower printed record revenue ($935mn, +8% y/y), a 37% adjusted gross margin, $233mn of adjusted EBITDA, $1.20 of adjusted EPS, a record >$5.5bn backlog, and raised the bottom of every FY27 guidance range — and…
July 31, 2026
On our adjusted numbers — which adjd the $89mn of one-time IEEPA tariff refunds back out of gross profit — FSLR beat consensus on every profit line ($3.10 adj. EPS vs. $2.83; $509mn adj. EBITDA…
July 31, 2026
NVT’s 2Q update surprised us with a +24% 2Q sales beat ($1.5bn vs. our $1.2bn) with a +11% FY sales organic topline raise. Adjusted EBIT margins showed leverage on elevated volumes 21.9% vs. our 18.9%….
July 30, 2026
We spoke with a leading data center OEM as they ramp e-House capacity on lead times being quoted by suppliers. Transformer, UPS lead times up +89%, +67% Y/Y Engineered components continue to see demand well…
July 30, 2026
The Fed held yesterday while three members dissented for a hike — and the Chair spent his press conference explaining why he didn’t need one: the bond market’s intermeeting selloff, among the largest in two…
July 29, 2026
Ex the one-time tariff windfall, GAAP earnings flipped to a loss; the “beat” was a check from U.S. Customs. We’d fade it. Reiterate SELL. Bottom Line Enphase reported 2Q26 revenue of $291.9mn (vs. $292.1mn street),…
July 29, 2026
Polysilicon Futures Spot Contract Price (CNY$32,680/ton = $4.64/kg) – down 4.6% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 7/29/2026 Note: EnergyTrend discontinued slurry saw price…