Renewable Energy


September 23, 2026

GLJ SOLAR PRICING UPDATE – 9/23/2026: Muted Transactions Anchor Solar Price Stability – Polysilicon Prices Held Steady this Week as Market Participants Adopted a Cautious Stance

By Gordon L. Johnson II

Polysilicon Futures Spot Contract Price (CNY$37,090/ton = $5.30/kg) – up 0.69% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 9/23/2026 Note: EnergyTrend discontinued slurry saw price…

Read More >>

September 16, 2026

GLJ SOLAR PRICING UPDATE – 9/16/2026: Extent of Polysilicon Production Cuts Remains Uncertain; Quotes Hold Steady Amid Limited Transactions; Poly-Si Spot Prices Fall

By Gordon L. Johnson II

Polysilicon Futures Spot Contract Price (CNY$36,835/ton = $5.27/kg) – down 2.07% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 9/16/2026 Note: EnergyTrend discontinued slurry saw price…

Read More >>

September 15, 2026

Solar Industry Channel Check – Hope Is Not a Tax Credit (discussion w/ Washington-Based Tax-Policy Expert on Potential Nov. Democratic Sweep and what it Means for the Solar Space)

By Gordon L. Johnson II

A Democratic sweep in November gets residential solar a bill, not a law. Meanwhile the IRS has found the industry’s soft spot. What our latest Washington check means for RUN, ENPH and SEDG. Bottom Line…

Read More >>

September 9, 2026

GLJ SOLAR PRICING UPDATE – 9/6/2026: Solar Wafer and Cell Prices Fall (Sharply) Again; Reiterate SELL on JKS, CSIQ, & DQ

By Gordon L. Johnson II

Polysilicon Futures Spot Contract Price (CNY$37,615/ton = $5.38/kg) – up 1.90% w/w Note: Adjusted for CNY exchange rate and 13% VAT.Source: Guangzhou Futures exchange. Solar Pricing Metrics – 9/9/2026 Note: EnergyTrend discontinued slurry saw price…

Read More >>

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…

Read More >>

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…

Read More >>

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…

Read More >>

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…

Read More >>

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…

Read More >>

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…

Read More >>

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…

Read More >>

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…

Read More >>

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…

Read More >>

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…

Read More >>

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….

Read More >>