June 13, 2023
Canadian Solar Has Been a Significant Outperformer Over the TTM. Over the past year (Ex. 1), CSIQ’s shares are up +24.5%, vs. -19.7% for Jinko Solar Co. Ltd., -54.5% for Longi Green Energy Tech. Co….
June 12, 2023
So How are Things Trending when Looking at Liquidity, Rent Inflation, and Steel Market Data? In this note, we provide a check-in on: (a) the state of U.S. liquidity when looking at a combination of…
June 9, 2023
Burning the Midnight Oil Last Night Provided us an Opportunity to Catch up with Long-Time Contacts in China and the EU, as Well as the U.S. In this note, we provide four separate “fire side”…
June 8, 2023
Did Sunrun Lose its Head of Project Financing Unbeknownst to Many (Followed by the Recent Sudden Departure of its co-Founder)? In this note, we look to address that question, while also providing a Q&A we…
June 6, 2023
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 11-12), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. Last week, price changes in China…
June 1, 2023
We Believe the Solar Industry is in the Beginning Innings of One of the Most Severe Supply Surpluses its Ever Seen. FSLR said on its 4/27/23 Q1 earnings conference call that “based on the current…
May 25, 2023
Is There a Pending Disaster Brewing on the Fed’s Inflation Fight Front, which is Flying Completely Under the Radar? In recent communications with the market, the Fed has expressed its view that core inflation (i.e.,…
May 23, 2023
Tesla Reports Week Seven Domestic China Sales. Just now, we got updated insurance data from China regarding TSLA’s week seven domestic China sales. And, the numbers were lackluster at best. That is, with 10.2K cars…
May 23, 2023
Price Tracker. Applying a modified approach, we detail PV pricing data by substrate (Ex. 5-6), segmented by Chinese and global prices, tracked each Wednesday by EnergyTrend, PVInsights, and PVInfolink, respectively. This week, price changes in China…
May 22, 2023
The Invesco QQQ Index and the Treasury General Account (“TGA”) Balance Have Tracked Each Other Quite Closely Since 11/1/22. As detailed in Ex. 1 below, Treasury Secretary Janet Yellen’s TGA account balance (i.e., the “piggy…
May 19, 2023
Has the Greatest Iron Ore (“IO”) Commodity Consumption Bubble in History Burst, Suggesting Underappreciated Risk to IO Prices in 2H23/2024? In the analysis put fourth within this report, we look to answer the question posed…
May 18, 2023
The Invesco QQQ Index and the Treasury General Account (“TGA”) Balance Have Tracked Each Other Quite Closely Since 11/1/22. As detailed in Ex. 1 below, Treasury Secretary Janet Yellen’s TGA account balance (i.e., the “piggy…
May 16, 2023
Checkup Time for Tesla in its Core Three Markets of China, the U.S., and Europe. In the following, we provide an update on China (to include today’s weekly insurance data for the week of May…
May 10, 2023
Comments from Landlords and Tenants Suggest J. Powell’s Prediction “Sizzling” Rent CPI Inflation will Vanish in 2H23 May Prove Aspirational. Rather it’s comments from the largest publicly-traded landlords of single-family homes in the US, or…
May 5, 2023
We Believe After Adjusting for Accounting Changes Sunnova has Made, Their Recurring Adjusted EBITDA Looks Much Different. Anyone who knows Sunnova (NOVA; NC), knows they are the kings of newly introduced non-GAAP accounting metrics –…