Renewable Energy


September 2, 2026

GLJ SOLAR PRICING UPDATE – 9/2/2026: Solar Prices Now Falling (Sharply) Across All Substrates; Reiterate SELL on JKS, CSIQ, & DQ

By Gordon L. Johnson II

Polysilicon Futures Spot Contract Price (CNY$36,900/ton = $5.26/kg) – down 2.0% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 9/2/2026 Note: EnergyTrend discontinued slurry saw price…

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September 1, 2026

Sunrun (RUN) – Updated Guggenheim Solar ABS Remittance Report: Twelve Deals Are in Breach. The Delinquency Pipeline Says Twenty-Four.

By Gordon L. Johnson II

Twelve deals are through their loss triggers; mark the 90+ pipeline at zero recovery and it is twenty-four. None of them are Sunrun’s, which is the point — this file sets the price of residential…

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August 26, 2026

GLJ SOLAR PRICING UPDATE – 8/26/2026: Pricing Sentiment (Sharply) Reverses Downward; Wafer and Cell Prices Come Under Intense Selling Pressure (as we warned)

By Gordon L. Johnson II

Polysilicon Futures Spot Contract Price (CNY$37,645/ton = $5.37/kg) – down 0.4% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 8/26/2026 Note: EnergyTrend discontinued slurry saw price…

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August 19, 2026

GLJ SOLAR PRICING UPDATE – 8/19/2026: Cell Prices Surge, but Experts Expect Gains to Soon Moderate

By Gordon L. Johnson II

Polysilicon Futures Spot Contract Price (CNY$37,815/ton = $5.39/kg) – down 0.5% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 8/19/2026 Note: EnergyTrend discontinued slurry saw price…

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August 17, 2026

Solar Industry Update – Polysilicon “Price Floor” 2.0: We’ve Seen This Movie Before (And We Remember How It Ends)

By Gordon L. Johnson II

A pledge is not a mandate, a meeting is not a floor, and half a million tons of inventory does not read press releases. Reiterate SELL on JKS, CSIQ, and DQ. BOTTOM LINE Last week’s…

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August 13, 2026

GLJ SOLAR PRICING UPDATE – 8/12/2026: Solar Prices Skyrocket as Chinese Producers Jointly Hikes Amid Government Intervention

By Gordon L. Johnson II

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…

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August 5, 2026

GLJ SOLAR PRICING UPDATE – 8/5/2026: Industry meeting fuels expectations of upstream price increases but prices remain stable with volumes thin

By Gordon L. Johnson II

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…

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July 29, 2026

GLJ SOLAR PRICING UPDATE – 7/29/2026: Upstream prices soften again as the market awaits signals from an upcoming regulatory meeting

By Gordon L. Johnson II

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…

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July 22, 2026

California Solar Initiative – May 2026 Data: Installs Fall -44.5% M/M; the Worst Print Since April 2013. The Point Estimate Is Terrible; the Smoothed Base Is Flat. June Decides Which One Is the Signal

By Gordon L. Johnson II

KEY TAKEAWAYS The May 2026 California Solar Initiative (“CSI”) file landed this week, and the headline is ugly enough that the temptation will be to write the obituary. Resist it — for now. Total CA…

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July 22, 2026

GLJ SOLAR PRICING UPDATE – 7/22/2026

By Gordon L. Johnson II

Polysilicon Futures Spot Contract Price (CNY$34,250/ton = $4.85/kg) – down 2.6% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 7/22/2026 Note: EnergyTrend discontinued slurry saw price…

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July 21, 2026

Solar Industry Update – 2Q26 Preview: We Spent 45 Minutes With Solar’s Most Credible Bull. His Bull Case Sounded Familiar

By Gordon L. Johnson II

Bottom Line This morning we hosted Jigar Shah — former head of the U.S. Department of Energy’s Loan Programs Office and founder/former CEO of SunEdison — for roughly 45 minutes on the state of U.S….

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July 20, 2026

Solar Industry Update – Storage Is Booming; That’s the Problem (are Headwinds Emerging for the Solar Battery Bulls?)

By Gordon L. Johnson II

A European solar market update and a fireside chat with the head of EU sales for Huawei — battery-price deflation is the bull case, the bear case, and the 2Q26 earnings setup. BOTTOM LINE Europe’s…

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July 15, 2026

GLJ SOLAR PRICING UPDATE – 7/15/2026: Supply-Wafers / Poly Down as PV Supply Chain Prices Accelerate Toward a Bottom

By Gordon L. Johnson II

Polysilicon Futures Spot Contract Price (CNY$35,160/ton = $4.99/kg) – down 0.9% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 7/15/2026 Note: EnergyTrend discontinued slurry saw price…

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July 10, 2026

Global Solar Update + China SNEC Conference Channel Check/Fireside Chat Takeaways: The Music Stopped in May in China… Somebody Tell the Bulls

By Gordon L. Johnson II

China May installs -91% y/y; Prices Below Cash Cost Across the Chain; Reiterate SELL on JinkoSolar (-39.3% YTD), Canadian Solar (-36.9% YTD) & Daqo New Energy (-58.4% YTD) The Bottom Line. There are slowdowns, and…

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July 1, 2026

GLJ SOLAR PRICING UPDATE – 7/1/2026: Cost Support Weakens, Downward Price Pressure Persists Across the Solar PV Supply Chain

By Gordon L. Johnson II

Please see bottom of report for important disclosures Gordon L. Johnson/GLJ Research LLC ————————————————– Polysilicon Futures Spot Contract Price (CNY$35,820/ton = $5.07/kg) – down 1.8% w/w Note: Adjusted for CNY exchange rate and 13% VAT….

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