October 31, 2023
What’s Up? We remind our readers that “core services” PCE inflation is what Fed chair Jerome Powell has been harping about in recent talks, with a laser focus on “core services PCE excluding housing” as…
October 23, 2023
What’s Up? As a follow-up to our 10/9/23 note titled “GLJ Macro/Steel Weekly – Are Homebuilder Stocks Setting up as the Next Great Shorts?“, since which the SPDR S&P Homebuilder ETF has traded down -6.4%…
October 19, 2023
So How Did Tesla’s 3Q23 Results Come in vs. the Street’s Drastically Reduced Estimates? Last night, TSLA reported auto revs/auto-gross-margins (excl. credits) of $19.6bn/16.3%, missing Cons.’ $20.9bn/18.02% ests. by -6.44% and -172bps, respectively (we focus…
October 17, 2023
What’s Up? In this note, we provide updates on: (a) our bottoms-up earnings driver model for TSLA, to include our updated 3Q23E, 2023E, 2024E, and 2025E earnings estimates, (b) wait times for new TSLA orders…
October 16, 2023
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 4-5), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China…
October 9, 2023
What’s Up? In this note, which is a follow-up to our 8/30/23 GLJ Macro/Steel Weekly, where we asked: “Is it Time to Fade the Homebuilder Stocks“, we look at: (a) wage growth in the U.S.,…
October 4, 2023
What’s the Latest on the US Inverter Market? Last night, after waiting for weeks for a response, one of our oldest US solar inverter contacts (we’ve been in touch with this individual since 2008), who…
October 2, 2023
Tesla Reports Q3 Production/Deliveries of 430.488K/435.059K, Missing the Cons’ est. of 461.992K/456.722K by a Mile. In this note, we discuss our views on TSLA’s just-reported 3Q23 production/delivery ests., which we previewed 9/18/23 when we said…
September 28, 2023
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 4-5), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China…
September 25, 2023
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 14-15), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China…
September 18, 2023
Tesla Has a Q3 Demand and Earnings Problem that Many Seem to Want to Ignore (for now). In this note, in addition to updating our bottom-up earnings driver model for TSLA’s 2023E and 2024E-25E earnings…
September 12, 2023
What’s Up? In this note we update our view on both Cameco Corp., and the broader Uranium space, where the most significant takeaways are: (a) a revamp of our global supply/demand model framework, (b) our…
September 12, 2023
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…
August 30, 2023
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…
August 30, 2023
Is the US Housing Market Facing a Serious Problem N-Term (When Looking at the Host of Recently Available Data)? The SPDR S&P Homebuilder Index (XHB; NC) is up +36.1% YTD, significantly outperforming even the S&P…