June 16, 2025
Re-Publishing Our Tesla 2025E-26E Estimates and Model for Maintenance Purposes. In this note (Ex. 1-4) we provide our most recent estimates for TSLA. More specifically, we update our quarterly: (a) delivery ests., (b) revenue ests.,…
June 13, 2025
California Solar Initiative (“CSI”) Data Sheds Light on State of Affairs for Module Level Performance Electronic (“MLPE”) Bellwethers Enphase and SolarEdge, as well as U.S. Storage Market. In this note, we provide the key takeaways from…
June 12, 2025
Things Just Keep Getting Better for Cameco. Cameco’s 49% share in Westinghouse is now expected to boost its Q2 results on the back of Westinghouse’s participation in the construction of two new nuclear reactors at…
June 10, 2025
It’s Now Clear… Tesla has a Demand Problem in China. In this note we detail the collapse in TSLA’s China sales year-to-date (“YTD”), based on both new monthly and weekly data released yesterday/today, despite: (a)…
June 6, 2025
So… What is GLJ Research Hearing on What the Senate’s Version of President Trump’s “Big Beautiful Bill” will Offer? Following discussions held today/yesterday with Washington D.C. government contacts on the Hill, in the below we…
June 3, 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 March’s CSI data dump, and what…
May 30, 2025
We are Upgrading Sunrun to HOLD from SELL as the “Solar Friendly” Senate is Set to Return from Adjournment Jun. 2nd (i.e., Monday). While we continue to see RUN’s business as structurally flawed (given our…
May 30, 2025
We are Upgrading SolarEdge to HOLD from SELL as the “Solar Friendly” Senate is Set to Return from Adjournment Jun. 2nd (i.e., Monday). While we continue to see SEDG’s business as structurally flawed (given our view…
May 29, 2025
In the Words of Porky Pig… “Ba-Deep, Ba-Deep, That’s All Folks”. We downgrade U.S. Steel’s shares from BUY to SELL, and strongly recommend anyone who purchased when we upgraded to BUY 9/9/24 (when the stock…
May 28, 2025
Cleveland Cliffs is Currently Looking into the Abyss of Market Share Losses and Waning U.S. Auto Demand. On the positive side (if one is an optimist), after two consecutive quarters of EBITDA losses, CLF is…
May 21, 2025
SolarEdge is Up +70.7% Over the Past Month vs. +15.2% for the S&P 500; is the Move Justified? A few weeks back, SEDG reported 1Q25A sales that beat Cons. by +7.5% and GLJe by 11%….
May 7, 2025
Even the Tesla “Faithful” are Beginning to Realize the Stock Price Could be in (Big) Trouble Should its Car Sales Continue to Falter in 2025. When a Mag7 stock (i.e., TSLA) trades at 138x its…
May 6, 2025
How are US Consumers and Firms Reacting to Trump’s Tariffs? Before we attempt to answer this question, we’ll remind our readers, in our 3/26/25 GLJ Macro Weekly update, based on: (1) what we saw as…
May 1, 2025
What Happened? FSLR’s stock came under pressure yesterday following reduced 2025E guidance provided earlier this week, which was worse than expected as we warned in our 4/15 note titled: “Are Investors Underestimating the Top Twelve…
April 25, 2025
1Q25 Results/GLJ’s Take. Earlier this week, ENPH reported results that missed expectations on a number of fronts, namely: (a) when adjusting out safe harbor, 1Q25A “core” revenues of ~$302mn were below Consensus and guidance, (b)…